LOWELL, Mass.--()--The Branford Group in conjunction with Joseph Finn Company will conduct a series of auctions for the assets formerly of Konarka Technologies, Inc., a leader in OPV (organic photovoltaic) technology and developer of thin-film plastic solar panels. The series of sales will liquidate the company's two facilities including the global headquarters and prototype laboratory in Lowell and a state-of-the-art manufacturing plant in New Bedford, Massachusetts.
“This is a great opportunity for companies international and domestic to acquire high quality machinery and equipment at auction prices”
Konarka was founded in 2001 by a team of scientists at UMass Lowell. The company's innovations in third generation solar technology raised over $200 million in the last decade. Unable to attain additional financing, Konarka filed for chapter 7 bankruptcy in June of this year.
Thin-film OPV production equipment of the 250,000 sq. ft. processing plant and all supportive and related capital assets will be up for auction. The first sale of three will be conducted exclusively online, with bidding opening on January 9 via The Branford Group's website. Highlighted items include R&D laboratory instruments, test and measurement and IT equipment as late model as 2011.
"This is a great opportunity for companies international and domestic to acquire high quality machinery and equipment at auction prices," said Scott Lonkart, Vice President and Partner at The Branford Group.
Both managing auction firms have extensive worldwide experience in asset disposition and valuations services. For more information on this series of auctions or to register to bid, please visit www.TheBranfordGroup.com.