April 20, 2014 5:09 AM ET

Semiconductors and Semiconductor Equipment

Company Overview of tenKsolar, Inc.

Company Overview

tenKsolar, Inc., a research and development company, 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.

9549 Penn Avenue South

Suite D

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: 50
Chief Financial Officer
Vice President of Operations
Vice President of Engineering
Compensation as of Fiscal Year 2013.

tenKsolar, Inc. Key Developments

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.

Adolfson & Peterson Construction Projects Selects Tenksolar, Inc.'s RAIS

Adolfson & Peterson, Inc. selected tenKsolar, Inc. RAIS(R) solar photovoltaic (PV) arrays for multiple financed projects around the country, including projects at four Greene County, Tenn. schools. A&P chose tenKsolar due to A&P's prior experience with tenKsolar's unmatched quality and energy output. Scott Weicht, Innovation Leader at A&P, commented on the Greene County school projects. "Each tenKsolar system will yield the high output per watt under the Tennessee Valley Authority's Green Power Providers program cap of 50,000 watts per installation, providing a reliable source of renewable energy for the schools. In addition, tenKsolar's RAIS(R) PV modules provide an added level of safety to the schools by operating at a safe low voltage." tenKsolar designed the RAIS(R) PV system as a complete rooftop solar PV system. By designing a complete system, including the RAIS(R) PV module with integrated power electronics, racking with energy boosting reflectors and balance of system electrical components, the RAIS(R) PV system optimizes the energy production, ease of installation and long term system reliability.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
January 27, 2014
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Private Placement
August 15, 2013
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