Konarka and Japan-Based Kogent Announce Distribution Agreement

Date Announced: 10 Dec 2010

Agreement to Drive Distribution of Konarka's Power Plastic throughout Japan.

Lowell, Mass. - Dec 10, 2010 - Konarka Technologies, Inc., an innovator in development and commercialization of Konarka Power Plastic®, a material that converts light to energy, today announced the company has signed a distribution agreement with Yokohma, Japan-based Kogent, Inc., a subsidiary of Macnica Group, one of the leading distribution companies in Japan. Under the agreement, Kogent will distribute Konarka's organic, flexible, thin-film solar material that converts light to energy to the Japan region. Kogent will help to penetrate the electronics and the energy harvesting market from a medium- and long-term standpoint by utilizing their nationwide network in the region.

"Konarka is committed to delivering Power Plastic for various electronic applications of all sizes around the globe," commented Shinji Kawahara, director of business development, Japan at Konarka. "With Kogent's established involvement in the region coupled with Konarka's highly efficient, cost-effective solar technology, we expect to expand Konarka's presence in this opportunity rich area of the world."

Konarka's Power Plastic is a unique, lightweight and flexible material that lends itself to a wide range of applications where traditional photovoltaics are not effective. The National Energy Renewable Laboratory (NREL) recently certified that Konarka's organic based photovoltaic (OPV) solar cells demonstrated a world record breaking 8.3% efficiency, the highest performance recorded by NREL for an organic photovoltaic single junction solar cell.

The energy harvesting market has tremendous potential and is expected to expand to many industries and applications in the near future," commented Motoshi Mineo, president at Kogent. "With Konarka's innovative technology and standards in developing only the best thin-film photovoltaic products on the market, Konarka Power Plastic will be at the core of our energy harvesting business plan. We are delighted to be working with Konarka as we expect successful distribution to the market."

Source: Konarka/Kogent

Contact

E-mail: aoyama-j@kogent.co.jp

Web Site: www.kogent.co.jp