September 17, 2014 9:20 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of SoloPower Systems, Inc.

Company Overview

SoloPower Systems, Inc. manufactures, sells, and installs copper indium gallium diselenide flexible, thin-film solar modules for large-scale rooftop applications. It offers SoloPanel SP1, a photovoltaic module optimized for sixteen-inch standing-seam metal roof integration; and SP3L and SP3S large-format flexible modules engineered for commercial and industrial building applications. The company’s thin-film photovoltaic devices are built on flexible substrates that seamlessly and aesthetically integrate into rooftops, buildings, and a range of non-traditional commercial applications. It serves independent power producers; engineering, procurement, and construction services; original equipmen...

6308 North Marine Drive

Portland, OR 97203

United States

Founded in 2005

Key Executives for SoloPower Systems, Inc.

Chief Executive Officer and President
Chief Financial Officer
Chief Operating Officer
Chief Commercial Officer
Senior Vice President of Operations
Age: 59
Compensation as of Fiscal Year 2014.

SoloPower Systems, Inc. Key Developments

SoloPower, Inc. Reaches Restructuring Agreement with Creditors, to Move Corporate HQ

SoloPower Inc. announced that it reached an agreement in principle with its major secured creditors on a comprehensive restructuring plan and confirmed that it is moving its head office to Portland, Ore., from San Jose, Calif., in order to further optimize operations.

SoloPower, Inc. to Suspend Operations at its North Portland Facility

SoloPower, Inc. suspend operations at its North Portland facility. The announcement came in a notice to the state's Oregon Dislocated Worker Unit revealing the company would terminate 29 workers. The list includes 10 engineers, eight operations workers, five administration employees, four maintenance workers and one executive and IT specialist. The layoffs will take effect June 17.

SoloPower Plans to Cut Workforce

SoloPower confirmed night that it will cut its workforce as it attempts to restructure operations. The company said it would issue an announcement soon. The layoffs are the latest signal of distress at SoloPower, where production delays have placed state and federal loan guarantees in peril.

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