Konarka acquires organic solar cell technology

Feb. 11, 2003 — Konarka Technologies Inc. has acquired Quantum Solar Energy Linz (QSEL) of Austria from Linz AG, an Austrian utility company, according to a news release.

Konarka said organic solar cell technology developed by QSEL complements Konarka’s dye-based solar cell nanotechnology. The heart of Konarka’s technology is a new way to make photovoltaic cells from nanoparticles of titanium dioxide.

Company officials said the acquisition opens the door for a hybrid solar cell that combines the advantages of the nanoparticles with conducting polymers.

As part of the deal, Linz AG has become a shareholder in Konarka. Ardesta LLC, Small Times Media’s parent company, also is an investor.

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