NexTech FAS' Advantage Series coating systems, which are typically used in the manufacturing of flat panel displays , have now proven to be capable of very precisely coating complex OPV materials, even at submicron thicknesses. This particular system, which will be installed at the client's U.S.-based facility, will include several custom features to specifically accommodate the client's proprietary process and materials and is designed to work in a fully automated and controlled environment. In addition to this order, NexTech FAS has already received significant interest from other players in the photovoltaic market to implement NexTech FAS' know-how, technology and ability to develop custom solutions for companies in this industry.

"Photovoltaic is an industry our company has been doing significant research in and is part of our near and long term marketing focus. It is the fastest growing renewable energy segment and given the rising cost of fossil fuel and other traditional energy sources, it has seen intensified venture investment over the last couple of years reaching about $2.6 billion in 2007," said president and CEO of NexTech FAS, Tony DiNapoli.

"Our extrusion coating technology has proven to be a great solution for depositing layers of organic photovoltaic materials in a very cost effective manner. Not only is there essentially no material waste, which in some cases is very expensive, but the equipment is also economical when compared to vapor deposition tools and other coating methods. We foresee photovoltaics to be a significant part of our business going forward," continued DiNapoli.