Konarka sets up new European operations

April 28, 2005 — Konarka Technologies Inc., a developer of plastics that convert light to energy, announced it has opened a new center of European operations in Nuremberg, Germany.

The company says the new facility, which includes research and development laboratories, will enable Konarka to expand its efforts to bring light-activated power plastic to Europe, where the demand for renewable energy technologies is high.

“With a significant portion of our venture capital coming from European investors and our longstanding partnerships with leaders such as Siemens and Electricite de France, we are committed to Europe,” said Howard Berke, chairman and chief executive officer. “The new headquarters marks a milestone in our expansion and establishes a central base for maintaining our close relationships and preparing for future growth.”

In September 2004, Konarka acquired Siemens’ organic photovoltaic research activities, establishing its initial presence in Germany. Konarka has additional research and development subsidiaries in Linz, Austria and Zug, Switzerland.


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