U.S.-Based Commercial-Scale PV Wafer and Cell Assets to Be Auctioned in Global Online Auction

By March 12, 2012Press Releases

Fully-automated processing line and intellectual property among assets of solar silicon manufacturer Silicor Materials

Press Release: Heritage Global Partners – Fri, Mar 9, 2012 3:34 PM EST

Heritage Global Partners will conduct a Global Online Auction of a fully-automated, commercial-scale PV-wafer and cell processing line, currently owned and operated by solar silicon manufacturer SilicorMaterials, formerly known as Calisolar, in Sunnyvale, California.

Consistent with the plan Silicor Materials outlined last September, the company’s core product continues to be high quality silicon for PV cells. The Sunnyvale operation successfully demonstrated the quality and value of the company’s solar silicon by producing top-tier PV cells. As the company focuses now on expanding silicon production capacity with a new facility in Mississippi, the equipment for PV cell production is no longer needed.

This auction represents a unique opportunity to purchase a fully integrated wafer and cell line, with a comprehensive wafer and cell intellectual property portfolio. Silicor Materials’ PV assets will first be offered as a complete production unit, either with or without associated IP, All bulk offers must be submitted before March 21. In the event that a bulk offer is not accepted by close of business on March 21, Heritage Global Partners will commence with a Global Online Auction of piecemeal assets on March 22 and 23 at www.hgpauction.com.

Source: http://finance.yahoo.com/news/u-based-commercial-scale-pv-203400424.html