Konarka Technologies

Konarka Secures $2 Million Credit Line

Konarka Technologies, Inc. (Lowell, MA), whose mission is to leverage nanotechnology and conducting polymers to provide renewable power, has received a revolving line of credit of up to $2 million from Silicon Valley Bank, a subsidiary of Silicon Valley Bancshares Konarkas technology converts sunlight and artificial light into direct current electrical power.

The announcement marks an important milestone, said Chairman Howard Berke, as Konarka transforms "from a developer to a global manufacturer and provider of products," domestically and internationally.