FAIRFAX & LAS VEGAS, USA: Suntricity Corp. has retained Pace Global Energy Services, LLC and Pace Financial Services, LLC to provide financial and commercialization services.
Pace Global's Business Development Agency agreement focuses on assisting Suntricity in establishing Manufacturing and Supply Agreements through strategic partnerships, joint ventures, licensing, mergers, and related transactions. Pace Financial Services will provide Suntricity with financial structuring and advisory services.
The growing market for solar energy is driven by reducing costs, improving efficiencies, and declining incentives. Suntricity's reactive inks enable the fabrication of solar cells through well-established high speed printing methodologies that replace slow, expensive vapor-deposition fabrication techniques.
Suntricity is well positioned to emerge as a technology leader in the solar arena. Suntricity's and Pace Global's combined technical, market, and financial acumen are expected to accelerate Suntricity's commercialization and create a lasting partnership.
Timothy F. Sutherland, chairman and CEO of Pace Global, stated, "The combined capabilities of the firms and rigorous process & procedures for validating the technology and moving to scalable production with strong partners has us very optimistic about the potential market dominance of the Suntricity technology."
William Brownrigg, CEO of Suntricity, added, "Suntricity brings a very strong technical and manufacturing team to launch its reactive ink technology and sees Pace Global as the ideal business partner both for capitalization and commercialization given Pace Global's impressive knowledge, depth of resources, and market standing among strategic and financial participants."
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