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NLAB Solar announces intended name change to Exeger

Press release   •   Apr 05, 2013 08:30 CEST

The solar cell company NLAB Solar AB intends to change its name to Exeger Sweden AB. The name change emphasizes the transition from a small technology company to a commercial company with industrial scale production. Exeger alludes to the term exergy which is the portion of energy which can be converted to mechanical work through a technical process.

In December NLAB Solar secured 60 MSEK in financing from the Swedish Energy Agency to develop and demonstrate industrial production of its solar cell technology. The financing is matched with private funds to create one of the world’s largest production facilities for Dye Sensitized Solar Cells, a third generation solar technology. The plant, with a planned capacity of 20 MW annually, is to be commissioned in 2014.

The name change will be decided by the AGM on April 23rd. The company has received positive preliminary feedback from the Swedish Companies Registration Office regarding availability of the new name.

NLAB Solar works with a type of solar cells called Dye Sensitized Solar Cells (DSC), also known as Grätzel Cells after the inventor Professor Michael Grätzel. DSC are produced using simple technologies and abundant raw materials. NLAB Solar has proprietary, patented solutions which facilitate unique design, high efficiency and low total manufacturing cost. The technology performs well under low light conditions and is therefore suitable both for indoor and outdoor applications.

For more information please contact:

Giovanni Fili, CEO NLAB Solar, telephone: +46 (0) 735 300 000 or e-mail:  giovanni@nlabsolar.com