NanoFlex extends PV research deal with California uni
Nov 21, 2014 - US photovoltaics (PV) firm NanoFlex Power Corp (OTCMKTS:OPVS) said Thursday it has extended into 2021 its partnership with two US universities for the research and development (R&D) of thin-film PV cells.
The company’s cooperation with the University of Southern California (USC) and subcontractor, the University of Michigan, includes research in the sphere of gallium arsenide (GaAs) and organic photovoltaics (OPV) technologies. By financing the work of the two universities, NanoFlex aims to optimise the power conversion efficiency of both types of cells, as well as to achieve low-cost production and increased operating lifetimes.
So far, the joint efforts have resulted in over 750 issued or pending patents worldwide, NanoFlex president and COO Robert Fasnacht said. “This extension will enable us to rapidly advance our efforts in achieving technical and performance goals for power conversion efficiency, reliability, form factor and cost,” USC professor Mark Thompson added.