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

• Ashley Wineland To Release Fiery Full-length Album "Wineland"
• Robert D. Botticelli Promoted to Century Fasteners Corp. – Director of Sales
• Openchannelflow Wins Web Excellence Award for Outstanding Digital Experience
• STS Capital Partners' Andy Harris Co-Authors 'The Extraordinary Exit,' A Practical Guide for Business Owners Considering a Sale
• AOAC & Minor Use Foundation Collaborate to Strengthen Global Pesticide Analysis & Capacity Building

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

• One-Click Pro Audio for Streamers: "VoiceSterize" Automates Noise Reduction & Mastering on Mac
• Sole Publishing Announces Essential Parenting Book for Families Navigating the Teen Years
• From Factory Floor to Community Heart: The Rebel Spirit of Wisconsin's Wet Wipe Innovators
• UK Financial Ltd Lists MayaFund (MFUND) ERC-20 Token on CATEX Exchange Ahead of Planned ERC-3643 Upgrade
• Denver Apartment Finders Launches Revamped Denver Tech Center Apartment Location Page

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.