FOR IMMEDIATE RELEASE;
July 29,2008
FTL SOLAR AWARDED SECOND
$250,000 NYSERDA DEVELOPMENT GRANT
PV Technology Leader Uses Funds To Produce
Next Generation of Clean Energy Products
New York, NY July 29,2008—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™, 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™ 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: www.ftlsolar.com.
PLEASE CONTACT:
FTL Solar
800-385-7697
info@ftlsolar.com
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