Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Eight19 Secures One Million Pound Funding - Ink World Magazine

What are you searching for?

Sign in
Flexible Electronics News

Eight19 Secures One Million Pound Funding

Investment to develop production technology, expand commercial activities for OPV

Author Image

By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Eight19, a leading developer of low cost organic photovoltaics (OPV) technology, announced it has received a further £1 million of investment. The new equity finance has been led by IP Group plc and one of its managed funds, with existing investors also supporting the round. The additional financing will be used to further develop Eight19’s proprietary production processes in readiness for volume manufacture and to expand its commercial activities.

Eight19 has recently demonstrated flexible, light-weight solar modules based on its proprietary low cost architecture, fabricated using its innovative roll-to-roll production process. Eight19’s technology provides affordable power for autonomous electronics and high-volume off-grid consumer and industrial applications. The company is working closely with a number of customers and partners to integrate OPV into their products and bring the technology to market.

“We are naturally delighted at the support shown by IP Group and our existing investors who share our view of the market potential for OPV and the strength of our proprietary technology,” Chris Harris, chairman of Eight19, said. “The additional financing will allow us to accelerate development of our manufacturing process technology, as well as to better support our customers by strengthening our commercial organization.”

“We are very impressed with the significant progress Eight19 has made in developing its proprietary production technology and in demonstrating excellent performance under low light conditions,” Robert Trezona, head of cleantech at IP Group, who will join the Board of the company, said. “Eight19’s technology has the ability to enable a range of new market opportunities in off-grid solar and energy harvesting applications.”

Add us as a preferred source on Google

Get the latest Ink World magazine news, insights and analysis in your Google Search and AI experiences.

Add Ink World magazine as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters