(December 17, 2010 - PRNewswire) -- JinkoSolar Holding Co. Ltd. (NYSE: JKS), a vertically integrated solar product manufacturer, entered into a commercial agreement with Innovalight Inc., which manufactures proprietary silicon ink and licenses proprietary processing technology to solar cell manufacturing companies. Under the terms of the agreement, JinkoSolar will purchase silicon ink from Innovalight and license Innovalight's processing technology to produce solar cells with higher conversion efficiencies.
Innovalight's proprietary nanotechnology-based silicon ink and processing platform provide a simple upgrade to solar cell manufacturing production lines that boosts the performance of solar cells and lowers production costs. With Innovalight technology, JinkoSolar expects to produce monocrystalline solar cells with conversion efficiencies greater than 18.6% in the first half of 2011.
Guoxiao Yao, CTO and VP at JinkoSolar, commented, "Innovalight's silicon ink provides a unique, cost-effective solution that is able to significantly improve the efficiency of our solar cells with a simple one-step upgrade to our existing cell production lines."
"JinkoSolar's strong brand presence across a broad geographic network makes the company an important customer for us," added Conrad Burke, CEO at Innovalight.
JinkoSolar Holding Co. Ltd. (NYSE: JKS) is a vertically integrated solar power product manufacturer with low-cost operations, based in Jiangxi Province and Zhejiang Province in China. JinkoSolar has built a vertically integrated solar product value chain from recovered silicon materials to solar modules. JinkoSolar's principal products are solar modules, silicon wafers and solar cells. For more information, visit www.jinkosolar.com.
Innovalight is based in Sunnyvale, California. The company manufactures silicon ink and licenses a proprietary process technology to solar cell manufacturing companies. Innovalight is venture capital backed and has received additional development funds from the U.S. Department of Energy. For more information, visit www.innovalight.com.