Polish Perovskite Firm Attracts Japanese Investor
Saule Technologies signs investment deal with Hideo Sawada
Saule Technologies, a Polish start-up, has signed an investment deal with Hideo Sawada, a Japanese investment company. Founded by Piotr Krych, Artur Kupczunas, and the physicist Olga Malinkiewicz, who conceived a low-temperature method for manufacturing flexible photovoltaic perovskite cells, Saule's aim is to combine perovskite solar cells with other currently available products.
Currently the company is working on the development of a flexible and semi-transparent cell based on PET foil. In December 2014 in Boston, Saule Technologies unveiled the world's first printed perovskite.
"We are proud to obtain such a significant investor only a year after we launched Saule Technologies. The liaison with Hideo Sawada means easier access not only to the Japanese, but also to the Asian market in general. With this deal we prove that we are entering the global market with small yet sure steps. We will continue our research on the use of perovskite cells in cooperation with the best experts from all over the world. We are going to accelerate work on implementing the technology", said Piotr Krych, president of Saule Technologies.
In August the company received a decision of receiving a state subsidy from the National Centre for Research and Development (a Polish government agency). Thanks to this support and the Japanese investor engagement Saule Technologies will achieve its key goal and speed up commercialization of the invention. At the same time Saule Technologies began cooperation with ARP Venture, a company being part of the state-owned Grupa Kapitaowa Agencji Rozwoju Przemysu.
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