Semprius Named One of MIT Technology Review’s 2012 Top 10 Most Important Emerging Technologies

DURHAM, N.C.--(EON: Enhanced Online News)--Semprius, Inc., an innovator in high concentration photovoltaic (HCPV) solar modules, announced the inclusion of its solar technology among MIT Technology Review’s 2012 TR10, an annual list of the world’s ten most important emerging technologies.

“Semprius’ technology is promising because it could significantly lower the cost of solar power for utilities”

Each year, the editors of MIT’s Technology Review select the 10 emerging technologies with the greatest potential to transform our world. These innovations promise fundamental shifts in areas including energy, health care, computing, and communications. The ultimate criterion is straightforward: is the technology likely to change the world?

“Semprius’ technology is promising because it could significantly lower the cost of solar power for utilities,” said Jason Pontin, editor in chief and publisher of Technology Review. “It will be worth watching this company as it scales up its production in the coming years.”

Earning a spot on Technology Review’s prestigious annual list, which also includes Facebook, Intel, Lytro and other world class companies, represents merited and significant recognition of recent success.

Semprius delivers a unique, HCPV module design that begins with its proprietary micro-transfer printing process. This process enables the company to use the world’s smallest solar cell – approximately the size of a pencil point – to create solar modules with unmatched cost and performance advantages. In January, Semprius set a new world record for photovoltaic module efficiency, reaching 33.9 percent.

After developing its module with the support of the U.S. Department of Energy’s National Renewable Energy Laboratory, Semprius is now ramping up global deployment of demonstration systems while completing construction of a plant in Henderson, N.C. Commercial production at the plant will begin during the second half of 2012.

“Inclusion in MIT Technology Review’s distinguished list represents the gold standard for innovative new technologies,” said Joe Carr, chief executive officer of Semprius. “Our company’s success is a result of the hard work of our staff and support of our partners. Semprius remains focused on lowering the cost of renewable energy, and we look forward to opening our plant later this year where we will work to meet the demands of our customers and partners.”

Semprius and the other companies included in the 2012 TR10 will be featured in the May/June edition of Technology Review, which is available at http://www.technologyreview.com/tr10/.

To view a multimedia version of this release and access photos, please visit here.

About Semprius

Semprius, Inc. is the smart way to generate solar electricity. Based upon the world’s smallest solar cells, Semprius designs and manufactures the highest efficiency solar modules in the world. Using patented cell technology and state-of-the-art manufacturing processes, Semprius is leading the way to cost-competitive, sustainable generation of solar electricity. Semprius’ headquarters and production facilities are located in North Carolina. For more information, please visit www.semprius.com.

About Technology Review, Inc.

Technology Review is an independent media company owned by the Massachusetts Institute of Technology. More than three million people around the globe read our publications, in five languages and on a variety of digital and print platforms. We publish Technology Review magazine, the world’s oldest technology magazine (established 1899); daily news, analysis, opinion, and video on www.technologyreview.com and several mobile apps; Business Impact, which explains how new technologies are transforming companies, disrupting markets, or creating entirely new industries; and live events including the annual Emtech MIT conference. Technology Review also owns the MIT Enterprise Forum, a community and events organization that fosters technology entrepreneurship with 28 chapters worldwide.