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

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

March 09, 2012 03:34 PM Eastern Standard Time

SAN DIEGO – (BUSINESS WIRE) – 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 Silicor Materials, 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.

Silicor Materials is a vertically integrated manufacturer of solar and industrial materials that produces the high-quality, low-cost solar silicon. In operation since 2010, the Sunnyvale production facility consists of best-in-class metrology equipment, with a fully integrated, fully operational, ISO-certified production line with 75MW of name-plate production capacity that has produced over 20 million cells.

Silicor Materials is also offering for sale its portfolio of wafer and cell-related intellectual property and process systems and know-how, which has demonstrated world-class wafer and cell performance. This includes issued patents and pending applications with broad global coverage, as well as proprietary process know-how and quality systems.

“This offering of the these production assets allows interested parties a unique opportunity to purchase top line, production-proven equipment, as an integrated “turn key” wafer and cell manufacturing line, or as individual assets,” said Craig Thompson, Director of Sales, Heritage Global Partners.

Led by auction industry pioneers Ross and Kirk Dove, Heritage Global Partners, is one of the country’s leading asset advisory and auction services firms, which assists large and small companies with buying and selling of assets. Heritage Global Partners offers asset brokerage, asset inspection, asset valuations, industrial equipment and real estate auctions, as well as enterprise auctions combining tangible and intangible assets.

For those interested in participating in a Bulk Sale Offering, please contact Craig Thompson at 858.847.0658 or cthompson@hgpauction.com. For more information and auction details including a virtual data room, visit www.hgpauction.com.