December 26, 2014 4:44 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of 1366 Technologies, Inc.

Company Overview

1366 Technologies, Inc. operates as a solar technology company that develops and manufactures silicon photovoltaic wafers for solar cell manufacturers. It develops Direct Wafer, a technology that forms a standard multi-crystalline wafer directly from molten silicon. The company was founded in 2007 and is based in Bedford, Massachusetts.

6-8 Preston Court

Bedford, MA 01730

United States

Founded in 2007

Phone:

781-861-1611

Fax:

617-818-6996

Key Executives for 1366 Technologies, Inc.

Chief Operating Officer
Age: 51
Vice President of Business Development
Vice President of Manufacturing
Compensation as of Fiscal Year 2014.

1366 Technologies, Inc. Key Developments

1366 Technologies Appoints Brian Eller as Vice President of Manufacturing

1366 Technologies announced that it has named Brian Eller as Vice President of Manufacturing. In the newly created role, Eller will lead the company's manufacturing operations as the company prepares for the commercial scaling of its innovative Direct Wafer technology. Most recently he served as Vice President of Operations, North America, where he held full P&L responsibility for multiple plants all meeting rigorous Good Manufacturing Process requisites in the United States and Mexi.

1366 Technologies, Inc. and Tokuyama Corp. Form Strategic Partnership

1366 Technologies, Inc. and Tokuyama Corp. entered into a strategic partnership designed to drive down the cost of photovoltaics. While the terms of the non-equity partnership were not disclosed, the two companies will combine resources and collaborate on research and development efforts with the aim to accelerate the adoption of 1366's Direct Wafer technology.

1366 Technologies, Inc. Announces Opening of New Manufacturing Facility

1366 Technologies, Inc. announced the opening of its new, 25 MW wafer manufacturing facility in Bedford, Massachusetts. The 42,000 square foot factory, slated to employ 100 people, represents the final step in the path to commercialization of the company's Direct Wafer(TM) technology, a transformative manufacturing process that produces a uniformly better wafer at half the cost. The new factory is the heart of 1366's R&D operation and the proving ground for Direct Wafer, which forms multicrystalline wafers directly from molten silicon instead of multi-step, energy- and capital-intensive process. Within the next 12-18 months, Direct Wafer production will surge from thousands of wafers to millions, as the company's team of engineers and scientists fine tune the process to where it can be easily transferred and replicated in future facilities.

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