Sixtron Receives Initial $1.5M Funding From Sustainable Development Technology Canada

MONTREAL--(BUSINESS WIRE)--Sixtron Advanced Materials (www.sixtron.com) announced today that it has completed the contracting phase with Sustainable Development Technology Canada (SDTC), an arm’s-length, not-for-profit corporation created by the Government of Canada, and has received an initial $1.5M in funding. The contract formalization between SDTC and Sixtron follows the July 2008 announcement by SDTC to approve project funding to Sixtron. The mission of SDTC is to support the development and demonstration of clean technologies in Canada by providing funding to bridge the gap between research and commercialization for projects that benefit both the environment and the economy.

“This funding from SDTC will allow Sixtron to accelerate delivery of our technology to our customers”

“This funding from SDTC will allow Sixtron to accelerate delivery of our technology to our customers,” said Sixtron CEO Zbigniew Barwicz. “In this challenging economic climate we are especially pleased to receive this critical boost to our product development roadmap.”

About Sixtron

Sixtron is a Montreal-based company focused on developing thin-film coatings for solar cells that boost cell efficiencies and reduce operating costs while eliminating hazardous silane gas. Sixtron has developed a proprietary process to produce coatings with unique antireflective and passivation properties using industry standard PECVD equipment. Sixtron has raised over $12 million since inception from Ventures West Capital, iNovia Capital and Cycle Capital. For more information, visit http://www.sixtron.com.

About SDTC

Sustainable Development Technology Canada (SDTC) is an arm’s-length foundation which has received $1.05 billion from the Government of Canada as part of its commitment to create a healthy environment and a high quality-of-life for all Canadians.

SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. The $550 million SD Tech Fund™ supports projects that address climate change, air quality, clean water, and clean soil. The $500 million NextGen Biofuels Fund™ supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels.

SDTC encourages collaboration among private, financial, academic, public sector partners and with all levels of government to build a sustainable development infrastructure in Canada.