Konarka Technologies

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Konarka Technologies Acquires Patent Assets from Chalmers University of Technology in Sweden

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Lowell, MA, U.S.A. April 27, 2004
Konarka Technologies, Inc., an innovator in developing and manufacturing breakthrough products that convert light to energy-- anywhere, announced that it has acquired patent assets from Chalmers University of Technology related to Konarkas development of photovoltaic products for the global market. This adds to Konarkas already substantial intellectual property estate.

 
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Konarka Technologies Announces Collaboration with Oak Ridge National Laboratory

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Lowell, MA, U.S.A. April 21, 2004
Konarka Technologies, Inc., an innovator in developing and manufacturing breakthrough products that convert light to energy-- anywhere, announced it is collaborating with Oak Ridge National Laboratory to further technology development for Konarkas photovoltaic products. Oak Ridge National Laboratory has selected Konarka as its exclusive partner for research and development of chemistry related to solar cells.

 
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Collaboration Between European Union and Konarka to Result in Wide-Spread Adoption of a New Source of Power at Less Than ?1 Euro Per Watt

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Lowell, MA, U.S.A. March 24, 2004
Konarka Technologies, Inc., an innovator in developing and manufacturing breakthrough products that convert light to energy, announced that its European subsidiaries, Konarka Austria in Linz, Austria, and Konarka Technologies AG in Zug, Switzerland, have been selected to participate in a consortium of leading European photovoltaic research agencies. Konarka will provide a key role in testing, evaluation, and manufacturing of a new breed of high-efficiency, low-cost photovoltaic cells.

 
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Konarka Technologies Aligns Management Team for Commercialization of Advanced Photovoltaic Products

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Lowell, MA, U.S.A. February 27, 2004
Konarka Technologies, Inc., an innovator in developing and manufacturing breakthrough products that convert light to energy, announced that Dr. Bill Beckenbaugh has been appointed as the Chairman of Konarkas Scientific Advisory Council (SAC). The planned advancement is consistent with Konarkas ongoing successful business strategy to continue the Companys rapid transition from research and development to commercializing products. Dr. Bill Beckenbaugh led Konarka through its initial phase to establish a foundation on which the company could quickly commercialize and bring breakthrough photovoltaic technologies and products to market. Howard Berke, Konarkas Chairman and CEO, will direct Konarkas team in conjunction with Daniel Patrick McGahn, Executive Vice President and Chief Marketing Officer, and Randolph W. Chan, Executive Vice President of Operations, Manufacturing, and Engineering.

 
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Konarka Licenses Key Intellectual Property from DuPont to Develop Organic Polymer-Based Solar Cells

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Lowell, MA February 24, 2004
Konarka Technologies, Inc., an innovator in developing and manufacturing breakthrough products that convert light to energy, has licensed certain intellectual property from DuPont Electronic & Communication Technologies to compliment Konarkas ongoing organic photovoltaic program. The acquisition of this asset furthers Konarkas leadership position in developing third generation photovoltaic technology and bringing to market products based on this technology. 

 
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Konarka Technologies Receives $6 Million Dollar Award from DARPA to Develop New Materials for High Performance Photovoltaic Cells

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Lowell, MA -- February 17, 2004 --
Konarka Technologies, Inc., an innovator in developing and manufacturing breakthrough products that convert light to energy, announced that it has been selected by The Defense Advanced Research Projects Agency (DARPA) to receive a contract in excess of $6 million for basic research in developing new materials for hybrid photovoltaic cells.

 
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Konarka Technologies Demonstrates New Levels of Efficiency in Flexible Photovoltaic Cells

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Lowell, MA -- February 4, 2004 --
Konarka Technologies, Inc., an innovator in developing and manufacturing breakthrough products that convert light to energy, announced that it has developed prototypes of its photovoltaic cells that have achieved more than seven percent efficiency. This reinforces Konarkas leadership position in developing a new generation of solar cells for commercial applications.

 
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Konarka Technologies Strengthens European Market Position, Appoints World-Renowned Scientific and Business Leaders to Board of Advisors

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Lowell, MA --January 19, 2004--
Konarka Technologies, Inc. announced it has expanded its base of operational and scientific expertise by appointing two major industry figures to its Board of Advisors. Dr. Donald Fitzmaurice and Justin Adams have been named to Konarkas Board of Advisors to guide Konarkas scientific and business development respectively. The new additions follow Konarkas previous announcement that it hired industry veteran Daniel Patrick McGahn as EVP and Chief Marketing Officer to lead Konarka with product development, revenue production and global market expansion. Konarka is the leading developer of polymer photovoltaic products that provide a source of renewable power in a variety of form factors. Konarkas photovoltaic nanotechnology is focused on delivering lightweight, flexible, scalable and manufacturable products.

 
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Konarka Technologies, Inc. Names Industry Veteran Daniel Patrick McGahn as Executive Vice President and Chief Marketing Officer

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Lowell, MA --October 15, 2003-
- Konarka Technologies, Inc. announced it has appointed Daniel Patrick McGahn as the companys Executive Vice President and Chief Marketing Officer. Konarka is the leading developer of polymer photovoltaic products that provide a source of renewable power in a variety of form factors. Konarkas photovoltaic nanotechnology is focused on delivering lightweight, flexible, scalable and manufacturable products. The new hire will provide Konarka with a seasoned sales and marketing expert that will aggressively drive Konarkas growth, commercialization of products and market expansion.

 
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Worlds Largest Utility Company, Groupe Electricité De France, Moves Forward With Konarka Technologies, Inc.

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Paris, France and Lowell, MA --September 29th, 2003
-- Konarka Technologies, Inc., today announced that it has entered into a cooperation with Groupe Electricité de France (EDF). EDF is the worlds largest utility, operating a diverse portfolio of 120,000+ megawatts of generation capacity in Europe, Latin America, Asia, the Middle-East and Africa, and it serves 45 million customers worldwide. Working through EDFs Easenergy team based in the Silicon Valley, the companies will collaborate to develop and launch Konarkas polymer photovoltaic products into the global market to provide a source of renewable power in a variety of form factors for commercial, industrial, government and consumer applications. Konarkas photovoltaic nanotechnology is focused on delivering lightweight, flexible, scalable and manufacturable products. In a fraction of a day, the sun delivers enough energy to supply the worlds power needs for a year. Konarkas technology converts sunlight as well as indoor, artificial light into direct current electrical power. The company uses unique, proprietary low-temperature production methods to put the photovoltaic cells onto flexible, lightweight plastics. Under the terms of the agreement with Konarka, EDF will contribute expertise from its European operations to accelerate the development and roll-out of Konarkas polymer photovoltaic products.

 
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Konarka Technologies Secures up to $2 Million Line of Credit From Silicon Valley Bank

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Lowell, MA --September 8, 2003
-- Konarka Technologies, Inc., today announced that Silicon Valley Bank, a subsidiary of Silicon Valley Bancshares (Nasdaq: SIVB), will provide the company with a revolving line of credit of up to $2 million. This follows Konarkas recent disclosure that the United States Army has also funded Konarka to develop the companys photovoltaic technology to provide the Army with a source of lightweight, flexible, scalable and renewable power in a variety of form factors for military applications. Konarka leverages nanotechnology and conducting polymers to provide a source of renewable power. Konarkas technology converts sunlight as well as indoor, artificial light into direct current electrical power. The company uses unique, proprietary low-temperature production methods to put the photovoltaic cells onto flexible, lightweight plastics.

 
U.S. Army Taps Konarka Technologies to Develop New Source of Renewable Power
Army Funds Konarka Technology Development Program to Power Wide Variety of Applications for the Military

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Lowell, MA August 4, 2003 -- Konarka Technologies, Inc., announced the United States Army has funded Konarka to develop the companys photovoltaic technology to provide the Army with a source of lightweight, flexible, scalable and renewable power in a variety of form factors for military applications. Konarka leverages nanotechnology and conducting polymers to provide a source of renewable power. Konarkas technology converts sunlight as well as indoor, artificial light into direct current electrical power. The company uses unique, proprietary low-temperature production methods to put the photovoltaic cells onto flexible, lightweight plastics.

 
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Konarka Technologies Named as Nominee for the 2003 World Technology Awards
World Technology Network Nominates Konarka for Award in Energy Category

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London, San Francisco -- June 24, 2003 -- The World Technology Network (WTN) announced today that Konarka Technologies, Inc., the leading developer of polymer photovoltaic products, has been selected as a nominee for this years World Technology Awards in the category of Energy. Konarka leverages nanotechnology and conducting polymers to provide a source of renewable power in a variety of form factors for commercial, industrial, government and consumer applications. The award will be presented in association with NASDAQ, Accenture, TIME magazine, Dupont Textiles and Interiors, Technology Review magazine, Science magazine and Genencor International. Konarkas technology converts sunlight as well as indoor, artificial light into direct current electrical power. The company uses unique, proprietary low-temperature production methods to put the photovoltaic cells onto flexible, lightweight plastics.

 
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Konarka Technologies Announces Relationship With Eastman Ventures
Relationship Expected to Enable Eastman Chemical Company to Leverage Konarkas Technology to Explore New Markets Such as Photovoltaics

Lowell, MA -- May 13, 2003 -- Konarka Technologies, Inc., the leading developer of polymer photovoltaic products that provide a source of renewable power in a variety of form factors for commercial, industrial, government and consumer applications, announced it has entered into a relationship with Eastman Ventures. Eastman Ventures, the venture capital arm of Eastman Chemical Company (NYSE: EMN), was formed to provide new avenues of growth and innovation for Eastman Chemical Company. The relationship is expected to enable Eastman Chemical Company to leverage Konarkas technology to explore new markets such as photovoltaics.

 
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Konarka Technologies Strengthens Management Team
Key hires expand leadership and position for commercialization

LOWELL, Mass. March 26, 2003 Konarka Technologies, Inc. (KTI), an innovator in the development of flexible, nanomaterials and conductive polymer-based photovoltaic (PV) technologies, today announced three key hires, reinforcing its commitment to rapidly bring to market its core technology. Randy Chan has joined as Vice President of Manufacturing and Engineering, Dr. Keith Brooks has joined as Senior Scientist in Konarkas newly established Swiss office, and Kevin McGuire has been appointed as Corporate Controller.

 
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Konarka Technologies Acquires Quantum Solar Energy Linz (QSEL)
Acquisition Makes Konarka Worldwide Leader in Organic Photovoltaics

LOWELL, Mass. and Linz, Austria February 10, 2003 Konarka Technologies, Inc. (KTI), an innovator in the development of flexible, polymer and nanoparticle-based photovoltaic (PV) technology, announced today that it has acquired Quantum Solar Energy Linz (QSEL), based in Linz, Austria, from Linz AG, the regional utility company.  The company has been re-named Konarka Austria Forschungs- u. EntwicklungsgesmbH (Forschungs- u. Entwicklungs is translated as Research and Development).  With this acquisition, Konarka is the worldwide leader in organic photovoltaics.

 
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Konarka Technologies Financing Reaches $13.5 Million, Completes Series B Financing
Draper Fisher Jurvetson Leads Round, Joins Konarka's Board

LOWELL, Mass. - October 22, 2002 - Konarka Technologies, Inc. (KTI), an innovator in the development of flexible, polymer and nanoparticle-based photovoltaic (PV) technology, announced today that it has closed its Series B round of financing, having raised $13.5 million to date.

 
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Konarka Technologies, Inc. Becomes First Company in the Americas to Receive EPFL License for Dye-Sensitized Solar Cells

Company Marks Major Milestone Toward Commercialization of Third Generation Photovoltaics

LOWELL, Mass. - August 13, 2002 - Konarka Technologies, Inc. (KTI), an innovator in the development of flexible, polymer and nanoparticle-based photovoltaic technology, announced today that it has been granted licensee rights to dye-sensitized solar cell technology from the Swiss Federal Institute of Technology (EPFL).

 
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Technology Leader Bill Beckenbaugh Named Konarka Technologies President and Chief Executive Officer

Seasoned Executive Brings Over 28 Years of Experience to Ground-Breaking Company

LOWELL, Mass. - July 16, 2002 - Konarka Technologies, an innovator in the development of flexible, polymer and nanoparticle-based photovoltaic technology, today announced the appointment of Bill Beckenbaugh, Ph.D, to the position of President and Chief Executive Officer. As CEO, Beckenbaugh will leverage his experience in the commercialization of new technologies to drive the growth of the company and its evolution from an R&D-based firm to a manufacturer and provider of products.

 
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Zero Stage Capital Invests in Konarka Technologies, Inc.
Early-Stage Company Developing Leading-Edge, Low Cost, Flexible Solar Cells

CAMBRIDGE, Mass. -- (August 28, 2001) -- Zero Stage Capital today announced that it has provided seed funding to Konarka Technologies, Inc., which the company will use to validate its leading-edge solar energy technology and complete its business plan in anticipation of further investment funding.

 
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Konarka Opens on July 16, 2001
LOWELL, Mass. -- (July 16, 2001) -- With the cracking of a coconut for good luck and a scent of mango juice in the air, Konarka Technologies, Inc. opened its doors for business on July 16.
 
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