December 7, 2006, Dresden, Germany--Novaled, a company dedicated to organic light emitting devices (OLEDs) and Heliatek (Dresden, Germany), a company dedicated to organic based photovoltaics, have entered into a licensing agreement concerning the use of Novaled PIN OLED technology for solar cell application.

With this agreement, Heliatek will develop high performing organic solar cells using the power efficiency given by the Novaled PIN OLED technologies and molecular dopants. Both ompanies, in addition, will cooperate on further developing organic based photovoltaic technologies.

"Organic solar cells will become the new generation of solar cells", said Harald Eggers, Heliatek CEO. "The Novaled technology and the cooperation with Novaled will give us a strong competitive advantage for our products".

For more information, contact Novaled.

Thu Dec 07 11:25:00 CST 2006