Business News
FTL Solar Awarded Second $250,000 NYSERDA Development Grant
2008-07-28 07:30:00
FTL Solar Awarded Second $250,000 NYSERDA Development Grant
PV Technology Leader Uses Funds to Produce Next Generation of Clean Energy
Products
NEW YORK, July 28 /EMWNews/ -- FTL Solar, the creator and leading
developer of photovoltaic power technologies integrated within lightweight,
flexible materials enabling portable, scaleable sources of energy and
shelter, announced today that the Company has received a second $250,000
development grant from The New York State Energy Research and Development
Authority (NYSERDA).
The funding will be used to accelerate development of PowerPark, (TM) a
series of scalable parking structures featuring sustainable energy
generation capabilities.
"Receiving the second NYSERDA grant means that the agency has awarded a
total of $450,000 to FTL Solar -- and their support has helped accelerate
our technology and product development," said Robert Lerner, FTL Solar's
Co-Founder and Chief Technology Officer.
"The NYSERDA funding, together with the success of our Series A
capital-raise, shows a tremendous amount of investor and governmental
confidence in FTL Solar's technological innovation and market leadership,"
said Tony Saxton, CEO of FTL Solar. "PowerPark(TM) and our other products
provide FTL Solar clients with structural and power generation solutions
that are clean, sustainable and adaptable to every possible environment and
mission."
ABOUT FTL SOLAR:
FTL Solar is the world's first creator of flexible, tensile structures
integrated with thin film solar cells, which can be used for
power-generation and shelter. FTL Solar is an independent spin-off of FTL
Design Engineering Studio, founded in 1977 by Todd Dalland. In 1998, FTL
Design Engineering Studio designed and produced the world's first tensile
structure featuring thin film solar cell technologies. The Company enjoys a
30-year leadership position in the manufacture of tensile structures and
has been the world's leading provider of flexible photovoltaic fabrics
since 1998.
FTL licensed product designs have generated more than $2 billion
dollars in sales. The Company has received over 50 design awards. FTL
technologies have been featured on CNN, NBC Weekend Today, The Science
Channel and The Discovery Channel. Discover how FTL Solar products generate
power that is sustainable, secure and independent at:
http://www.ftlsolar.com
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