1366 Technologies Named to MIT Technology Review’s 2014 50 Smartest Companies List Recognizing World’s Most Innovative Companies
BEDFORD, Mass.--(BUSINESS WIRE)--1366 Technologies has been identified as one of 2014’s 50 Smartest Companies in MIT Technology Review’s annual list of the world’s most innovative technology companies. The honorees are nominated by MIT Technology Review’s editors, who look for companies that have demonstrated original and valuable technology over the last year, are bringing that technology to market at significant scale, and are clearly influencing their competitors. The companies on the list represent the disruptive innovations most likely to change our lives.
“1366 Technologies stands out for its efficient method of making silicon wafers and for the deliberate approach it has taken to commercializing its technology. It is poised to prosper where other solar companies have not.”
“At times it seems impossible to keep pace with important emerging technologies. This issue celebrates organizations at the forefront, displaying ‘disruptive innovation’ that will prove to surpass the competition, transform an industry, and change our lives,” stated Jason Pontin, publisher and editor in chief of MIT Technology Review. "1366 Technologies stands out for its efficient method of making silicon wafers and for the deliberate approach it has taken to commercializing its technology. It is poised to prosper where other solar companies have not."
1366’s Direct Wafer™ technology is disruptive because it solves the greatest manufacturing challenge in the world’s biggest solar market. Direct Wafer replaces an expensive, time consuming and wasteful wafer making process with a continuous, single-step version that can be utilized in 80% of the world’s cell factories – all without adding a single new piece of equipment. As a result, the building blocks of solar cells are produced at a fraction of today’s cost.
“This recognition from MIT Technology Review’s editors is a high honor, and our place on the list of the world’s 50 Smartest Companies was earned by the hard work and dedication of our team, some of the most talented people in the solar industry,” said Frank van Mierlo, CEO of 1366 Technologies. “Solar will surpass coal as the cheapest fuel source on the planet and our technology will play an important role in getting us there.”
1366 Technologies and the other honorees will be featured in the March/April edition of MIT Technology Review, published online today and available on newsstands worldwide starting March 4.
About 1366 Technologies
1366 Technologies aims to deliver solar at the cost of coal. The company combines breakthrough technology innovations with lean manufacturing processes to make a new class of silicon wafers, the basic building blocks of solar cells, at a fraction of today’s cost. Developed by a veteran team of scientists, engineers and entrepreneurs, including photovoltaic industry expert and former MIT professor Dr. Emanuel Sachs, the company’s novel approach breaks the historic efficiency and cost tradeoff of photovoltaics. 1366 Technologies is headquartered in Bedford, MA. For more information, please visit www.1366tech.com.
About MIT Technology Review
MIT Technology Review leads the global conversation about technologies that matter. An independent media company owned by MIT, it produces publications read by millions of business leaders, innovators, and thought leaders around the globe, in six languages and on a variety of platforms. The company publishes MIT Technology Review, the world′s most respected technology magazine; daily news features, analysis, and opinion; and Business Reports, which explain how technologies are transforming industries. It produces live events such as the annual EmTech MIT, international EmTech conferences and Summits. The company's entrepreneurial community organization, MIT Enterprise Forum, hosts 400+ events a year around the world.