mPower Technology Raises Additional $1.85 Million in Series A Funding
ncarol.com/10051885

ALBUQUERQUE, N.M. - ncarol.com -- Innovative solar technology company, mPower Technology, today announced it has closed an additional $1.85 million in Series A funding, bringing the company's total Series A round to $4.35 million. The extension round included investments from Cottonwood Technology Fund, NMA Ventures, and various angel investors. The additional capital will support the development, testing and sales of the company's DragonSCALES™ (SemiConductor Active Layer Embedded Solar) solar cell technology. DragonSCALES enable disruptive, new approaches to many solar applications leveraging small advanced silicon cells integrated on a flexible substrate in a patented, highly interconnected architecture. They offer unprecedented improvements in system cost, weight, flexibility, resilience, and ease of installation and system integration.

More on ncarol.com

• Neuro Recovery Institute Showcases Emerging Immersive Neuro-Rehabilitation Technology at Clinical Innovation Open House
• Community, Conservation & Waterwise Inspiration Bloom on June 6
• Industrial and systems engineers celebrate key leaders in the field at IISE Annual Conference
• Cosanostra Miami Rises as the Best Latin Nightclub in Miami in Under Two Years From its Opening
• CCHR Leader's 50-Year Fight for Psychiatric Drug Victims Gains National Momentum

mPower Technology has gained significant market traction since the initial Series A investment, including the recent award of an SBIR (Small Business Innovation Research) contract from the US Army to develop and test solar modules for soldier portable and remote power applications.  The company has also made notable progress in the space solar power market with several large opportunities related to low-Earth orbit (LEO) satellite constellations.

"Cottonwood looks for 'off-the-curve' innovations in hard science that we believe can introduce disruptive impacts to applicable markets," said David Blivin, Founder and Managing Partner, Cottonwood Technology Funds. "mPower's technology is uniquely positioned to transform the space power market through its significant cost and performance advantages, and this certainly fits with our focus."

Dorian Rader, Managing Partner at NMA Ventures added, "We have invested in mPower Technology because of its game-changing product technology, and we are enthusiastic about supporting this early-stage company in the New Mexico region."

"We are experiencing tremendous interest in our DragonSCALES technology, not only for the rapidly growing aerospace market, but also for the terrestrial and IoT (Internet of Things) markets," said Kevin Hell, President and CEO of mPower Technology.  "This supplemental capital investment will provide runway for mPower to ready its innovative technology for large-scale production and rapidly secure large commercial contracts in the space market."

More on ncarol.com

• Author Releases 7-Day Screen Time Reset for Families as Teachers Worldwide Report Children "Struggling to Grasp Basic Concepts"
• Men's Health Month Begins with Record Proclamations, AP News Coverage, & National Momentum for Men's Health
• AdvisorVault Adds Social Media Archiving to its Consolidated D3P Service
• UK Financial Ltd Audits Full Ethereum Architecture Verifies Corporate Wallets and 19-Token Ecosystem Ahead of CoinMarketCap Filing for Global Ranking
• Creative Investment Research Analysis Finds Slower GDP Growth, Rising Inflation

About mPower Technology
mPower Technology is shaping the future of solar power with a revolutionary new technology called DragonSCALES™ (SemiConductor Active Layer Embedded Solar), a completely flexible, interconnected mesh of miniature solar cells. Leveraging well-established and affordable materials, processes, and tools from the silicon photovoltaic (PV) and microelectronics industries, DragonSCALES enable completely new design options for solar power, removing the constraints of existing silicon and gallium arsenide solar solutions, and enabling highly flexible, resilient, light-weight designs that can be rapidly deployed at extremely low cost. For further information, please contact info@mpowertech.com, or visit www.mpowertech.com.