Applied Materials Acquires Advent Solar

SANTA CLARA, Calif. (Clean Edge) -- Applied Materials(AMAT Quote), a supplier of equipment and services to the solar photovoltaic (PV) industry, recently announced that it has acquired substantially all the assets, including the intellectual property, of Advent Solar for an undisclosed cash amount.

Advent Solar is a developer of advanced technology for crystalline silicon (c-Si) PVs. According to Applied Materials, this acquisition is expected to complement its portfolio of solar PV technologies and enhance its presence in the c-Si equipment market.

Advent Solar, founded in 2002, is headquartered in Albuquerque, New Mexico. Applied says that the company has pioneered several innovations for producing c-Si cells and modules, including technology for streamlining module assembly processes and advanced efficiency device architectures.

"We believe the acquisition of Advent Solar will increase our opportunities to provide innovative solutions for reducing module production costs," said Dr. Mark Pinto, chief technology officer and general manager of Applied's Energy and Environmental Solutions Group. "Combining Advent Solar's PV technology with Applied's expertise in automated wafering and cell production equipment, we expect to deliver systems that will enhance customers' c-Si roadmaps and accelerate the reduction in cost per watt of solar electricity."

After the close of this transaction, Advent Solar's assets will be integrated with Applied's Energy and Environmental Solutions Group.

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