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Konarka Technologies acquires patent assets from Sweden

28 April 2004 - Konarka Technologies, Inc., a developer and manufacturer of breakthrough products that convert light to energy has announced that it has acquired patent assets from Chalmers University of Technology related to Konarka's development of photovoltaic products for the global market.

Chalmers University of Technology, located in Göteborg, Sweden, carries on broad-based education and research within engineering science, natural science and architecture. "Our relationship with Chalmers University furthers our strength in Europe," said Howard Berke, Chairman and CEO, Konarka Technologies, Inc. "As an international company, Konarka seeks the best technology and ideas from around the world as we continue to broaden our intellectual property portfolio focused on developing and manufacturing third-generation, flexible, plastic-based photovoltaics," he added.

"It is a win-win situation," said Ingvar Andersson, Managing Director, Chalmers University of Technology. "The intellectual property comes into the hands of a company well suited to commercialize it. The relationship enables us to continue exploring new ideas. It is also marks the beginning of a longer research cooperation between Konarka Technologies and Chalmers University of Technology," said Andersson.

"It is very exciting that Konarka is interested in our research," said Chalmers University of Technology Professor Mats Andersson. "A collaboration like this gives us further opportunities to commercialize our research," he added.





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