October 24, 2014 7:57 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of tenKsolar, Inc.

Company Overview

tenKsolar, Inc. designs, manufactures, and markets solar photovoltaic packaging solutions. It offers RAIS Wave, a flat roof/ground mount system. The company was founded in 2008 and is based in Minneapolis, Minnesota.

9231 Penn Avenue South

Minneapolis, MN 55431

United States

Founded in 2008

Phone:

952-303-7600

Fax:

952-303-7601

Key Executives for tenKsolar, Inc.

Chief Executive Officer
Founder
Age: 51
Chief Financial Officer
Vice President of Operations
Senior Vice President of Special Projects
Compensation as of Fiscal Year 2014.

tenKsolar, Inc. Key Developments

TenKsolar Announces The XT DUO

tenKsolar (tenK) announced the XT DUO, a new product in the RAIS(R) XT family of PV solutions that will reduce hardware costs and increase the energy density of rooftop solar arrays. The XT DUO offers the best energy density in the solar market, and has been launched into full commercial production. Already widely known for its PV systems utilizing reflective racking, the XT DUO builds on tenK's module-level rapid-shutoff capability, ensuring that all tenK rooftop PV systems are safe from arcs and fire risks. tenK's fault tolerant architecture helps lower the cost of maintenance of PV systems by ensuring the system is only minimally impacted in the event of a component failure or damage to the system.

tenKsolar, Inc. Partners with Gehrlicher Solar America Corp

tenKsolar, Inc. has formed a strategic alliance with Gehrlicher Solar America Corp. to deliver tenKsolar's RAIS XT solution to Gehrlicher Solar's customers in commercial and government market segments. The alliance combines tenKsolar's solar energy system technology with Gehrlicher Solar's photovoltaic experience, resulting in a competitive advantage in select market segments.

tenKsolar, Inc. Announces General Availability of Rooftop RAIS(R) XT Solar Photovoltaic (PV) Solution

tenKsolar, Inc. announced general availability of its polycrystalline silicon 410W RAIS(R) XT solar photovoltaic (PV) system with warranty, performance and cost of energy. RAIS XT is based on tenK's cell-optimized photovoltaic (PV) architecture, which removes the inherent limitations of serial strings found in conventional solar modules. RAIS XT provides leading buyer protection with the industry's best warranty - guaranteeing annual performance degradation of 0.2% or less per year after the first year and through year 25.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
September 26, 2014
--
Private Placement
January 27, 2014
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