HelioVolt Corporation Named Finalist in Red Herring's "Red Herring 100 North America"

HelioVolt Corporation, a thin-film solar technology company, has been named a finalist in Red Herring's prestigious "Red Herring 100 North America" list. The selection process, which evaluated over 1,000 privately held technology companies, highlighted HelioVolt's innovative approach to clean energy and its patented FASST technology. As a finalist, HelioVolt's CEO, Dr. B.J. Stanbery, will attend the Red Herring Spring 2006 CEO summit, where he will join other industry leaders to discuss trends and opportunities in the tech sector.

Key Takeaways:

• HelioVolt Corporation, a thin-film solar technology company, has been named a finalist in Red Herring's "Red Herring 100 North America" list.
• The selection process evaluated over 1,000 privately held technology companies, focusing on financial performance, technology innovation, and quality of management.
• HelioVolt's patented FASST technology, developed by CEO Dr. B.J. Stanbery, uses CIGS material to create construction materials that generate electricity from sunlight.
• As a finalist, Dr. Stanbery will attend the Red Herring Spring 2006 CEO summit, May 23-25 in Monterey, California, to discuss trends and opportunities in the tech sector.
• HelioVolt has completed a successful first round of venture funding and grown the company to 11 employees, establishing a new R&D and manufacturing facility.
• The company's FASST technology can incorporate custom shapes, sizes, and tints into glass, steel, metal, and polymers, creating construction materials that transform building exteriors into solar electricity generating systems.

Statistics:

• Over 1,000 privately held technology companies submitted for Red Herring's "Red Herring 100 North America" edition.
• HelioVolt Corporation is one of 200 finalists, ranked alongside other innovative technology firms and their entrepreneurial founders.
• The Red Herring Spring 2006 CEO summit will feature over 200 C-level attendees, including CEOs and founders of Red Herring 100 winners and finalists.
• HelioVolt has patented eight US patents for its FASST technology, with three additional applications pending, and multiple foreign patents and applications.

Sources:

• Red Herring, "HelioVolt Corporation Named as one of the Top 200 Contenders of the Red Herring 100 North America", [no date].
• HelioVolt Corporation, "About HelioVolt", [no date].
• Red Herring, "Red Herring 100 Winners and Finalists Announced", [no date].
• Red Herring, "About Red Herring", [no date].