SoloPower Systems Prepares for Ramp-up of Manufacturing Activities

Portland, OR-based SoloPower Systems, which last year acquired the unique Solopower CIGS technology from California tech start-up Solopower Inc., announced that it has secured interim financing needed to close on a major capital-infusion designed to ramp manufacturing activities at its Portland factory.

“This bridge financing provides us with the runway to finalize our longer-term financing plans,” said Systems’ president Rob Campbell. “Our proprietary Solopower technology and lightweight flexible PV CIGS products serve many new and underserved markets, from which we continue to receive very strong interest. We’re excited that this latest show of commitment from our investors will enable the large volume production needed to satisfy pending orders from Europe, MENA, the Americas and Australasia.”