WILMINGTON, DEL. (July 26, 2 p.m. ET) — DuPont Co. on July 25 announced that it has purchased Innovalight, Inc., a company specializing in advanced silicon inks and process technologies that increase the efficiency of crystalline silicon solar cells.
Terms of the deal were not disclosed.
Innovalight, based in Sunnyvale, Calif., was founded by Conrad Burke.
“Innovalight has very exciting technology that improves cell efficiency and DuPont can help expedite its adoption,” said David Miller, president of DuPont Electronics & Communications, in a news release.
Wilmington-based DuPont posted sales of more than $1 billion in the photovoltaic market in 2010, and has set a goal to reach $2 billion by 2014.