Newark, CA – According to filings with the U.S. Securities and Exchange Commission, NovaSolix is raising $20,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Richard Preston played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About NovaSolix
NovaSolix is developing a new solar device based on antenna technology. The device will deliver much greater efficiency and lower cost per watt than PV. The Company won first place in the Western Region Cleantech Open in Oct. 2017. Developer of full sunlight spectrum rectenna arrays designed to provide cheaper and efficient forms of energy than traditional photovoltaic (PV) devices. The company’s antennas are made up of carbon nanotube filaments that are small enough to match the nano-scale wavelengths of sunlight and convert electromagnetic spectrum into electricity from infrared (IR) to ultraviolet (UV) wavelength frequencies, enabling companies to produce solar energy at a cost per kWh less than fossil fuels.

To learn more about NovaSolix, visit http://www.novasolix.com/

Contact:
Richard Preston, Chief Executive Officer
650-255-1719
https://www.linkedin.com/in/richpreston1/

SOURCE: http://www.intelligence360.io
Copyright (c) 2022 SI360 Inc. All rights reserved