Advent Solar layoffs prompt technology licensing strategy.
“Advent Solar announces more layoffs in New Mexico” was reported last Friday by The Santa Fe New Mexican. Advent Solar, Inc. announced 55 more layoffs leaving 39 research and development employees. Over the weekend and until perhaps Tuesday morning, the Advent Solar website was offline with the above message.
Advent Solar Chief Financial Officer Richard Trueblood said:
In September of last year, Advent Solar went to the capital markets to raise the funds required to acquire solar cell and module manufacturing equipment. However, the current credit crisis has made raising
Thursday, July 10, 2008 3:54 am | Edgar A. Gunther
Martin Hermann appointed Chief Strategic Officer Advent Solar Appoints New Chief Strategic Officer was the recent news from Advent Solar, Inc. Joining Advent Solar in June 2008, Mr. Hermann:
is responsible for the areas of Business Development and Strategy, Planning and Sourcing, as well as Advent Solar’s international growth.
Additional information about Mr. Hermann’s background and experience is available in his public LinkedIn profile.
During my Hiatus, I missed this key Advent Solar press release, With No Need for Manufacturing Unit until Next Year, Advent Solar Releases Work Force. The layoff of 68 workers was the result of the extended research, development, testing
Monday, December 31, 2007 2:05 pm | Edgar A. Gunther
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Select Photovoltaic News Tidbits
In this final Solar Light Flashes of 2007, I need to catch up on accumulated tidbits I’ve collected over the past few months.
Advent Solar, Inc.If recent events at Miasolé regarding former CEO David Pearce are the precedent (see Former Miasolé Employees Confirm Cuts by Jennifer Kho at Greentech Media), then Advent Solar Appoints Peter Green as new President and CEO, tends to indicate Rusty Schmit’s days with Advent may be numbered despite the claim:
Company founder Rusty Schmit will remain a member of the Board of Directors in an active role focused on strategic initiatives and will be working with Peter to ensure a smooth transition.
This development also
Monday, October 22, 2007 1:27 pm | Edgar A. Gunther
Select Photovoltaic News Tidbits
Once again, conferences including Solar Power 2007 and 22nd European Photovoltaic Solar Energy Conference and Exhibition (EU PVSEC) have dominated Blog coverage since September. I have accumulated anecdotes and news about Blog staples and newer companies and topics over this time period.
Advent Solar, Inc.During Solar Power 2007, I talked to an Advent Solar spokesperson at their Hyatt Regency Ballroom stand. The spokesperson claimed the retooling of Advent’s 25MWp (MegaWatt-peak) line to 156mm (millimeter) silicon wafers would be completed by about November 2007 and ready for production in early 2008. The expectation is laid off workers will be recalled to ramp production on the retooled line.
In contrast, before Solar Power 2007, my
[Milano, Italia]Production and manufacturing layoffs temporary?
When I checked my Google alerts this morning, the headline Advent Solar announces layoffs by Jeff Maher caught my immediate attention. I was planning to include photos of their back contact, Emitter Wrap-Through (EWT) solar cells and modules (Italiano) in my Exhibition roundup.
Since Advent Solar is exhibiting here at the 22nd EU PVSEC, it was easy enough to walk over to their stand and get the straight scoop. Per a company spokesperson, the layoff is related to Advent’s decision to retool their 25MWp (MegaWatt-peak) solar cell production line from 125mm to 156mm silicon wafers. Per Rob Day in
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