Key events, in time order
CEO cites expanded customer base in H1, showing growth momentum
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Facts and opinions separated · All items sourced · Not investment advice
Makes flexible, lightweight CIGS solar films for aerospace, defense, and outdoor gear—think bendable panels that wrap onto drones or backpacks instead of rigid rooftop slabs.
No revenue recorded; annual net losses ran USD 0.01B–0.02B with gross margins deeply negative, so money flows out, not in—survival depends on funding, not sales.
First-mover niche in flexible CIGS, but First Solar and SunPower dominate with cheaper rigid panels and larger scale, while no revenue or patent data shows durable protection—so the advantage looks weak.
