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25 September 2012 at 07:49 - Posted by Anonymous

Hilco Streambank Announces Solar Industry IP For-Sale


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The sale of the valuable intellectual property assets of Energy Conversion Devices Inc. and its subsidiary Unisolar is set for October 8, 2012.

Business Wire / ME Newswire

NORTHBROOK, Ill. - Monday, September 24th 2012

Hilco Streambank (www.hilcostreambank.com) is selling the intellectual property of Energy Conversion Devices and its subsidiary Unisolar.

“This is an incredible opportunity to buy thin-film flexible solar technology with two decades of R & D and field experience in the industry,” said Gabe Fried, CEO of Hilco Streambank.

The IP portfolio includes patents and trade secrets with applications for continuous feed, flexible substrate, chemical deposition, and related manufacturing processes. While the technology was originally developed for thin film photovoltaics, it has applications for CIGS manufacturers, packaging manufacturers, and other chemical deposition processes. The products ECD developed are ideally suited for off-grid and rooftop application.

Also included in the sale process are technologies related to hydrogen extraction, hydrogen storage, and alkaline fuel cells. “ECD was a leader in alternative energy technology outside solar as these fuel cell technologies demonstrate. A prior sale of the ECD Ovonics battery business to BASF is indicative of the quality of the research conducted here,” Fried said.

The IP assets fall into 3 larger categories with descriptions available in the following:

    Solar Patents: http://www.slideshare.net/Streambank/ecd-unisolar-ip-asset-summary
    Fuel Cell Patents: http://www.slideshare.net/Streambank/ecd-fuel-cell-ip-summary
    Bioreformation Patents: http://www.slideshare.net/Streambank/ecd-bioreformation-hydrogen-production-summary

Fried said, “We will also be providing access to a data room where technical information pertaining to the patents will be available to all interested parties."

For information on the sale process please contact Gabe Fried or Matt Helming at 781-444-4940 or mhelming@hilcostreambank.com.

About Hilco Streambank: Hilco Streambank (www.hilcostreambank.com) specializes in the marketing, sale and valuation of intangible assets for businesses at all stages. Headquartered in Needham, MA with offices in New York, NY and Chicago, IL., the company is part of the Hilco Organization (www.hilcotrading.com) based in Northbrook, Illinois.

Hilco Streambank identifies, preserves, and extracts value for clients through the application of experience, diligence and creativity. Hilco Streambank serves numerous industries including alternative energy, automotive, consumer, retail, textile and high technology.

Contacts

The Hilco Organization

Gary C. Epstein, 847 418 2712

Chief Marketing Officer

gepstein@hilcotrading.com

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