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InnoLas Revenue Up 60% in 2012

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KRAILLING, Germany, Feb. 26, 2013 — Despite challenging conditions in the solar market, laser systems provider InnoLas Systems GmbH reported 60 percent revenue growth for 2012.

The company achieved record revenue of €40 million (about $68 million), with more than 90 percent of that generated from sales in the photovoltaic industry, a segment that experienced another difficult year with generally declining investments from cell manufacturers.

More than 90 percent of InnoLas Systems’ revenue for 2012 was generated from sales in the photovoltaic industry of laser solutions such as the model ILS TT. Courtesy of InnoLas Systems.

“This industry saw flat or declining investments in 2012, so obviously InnoLas Systems is able to offer something that sets us apart from our competition,” said CEO Richard Grundmüller.

In the solar industry, efficiency has become the crucial differentiator. InnoLas Systems’ ILS laser machines are designed for advanced processes like PERC (passivated emitter and rear cell) and selective emitter doping, which increase efficiency of standard solar cells by up to 1 percent. For thin-film solar modules, the Impala laser system offers high-precision scribing to reduce a module’s “dead area” for increased cell efficiency.

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Feb 2013
BusinessenergyEuropeGermanygreen photonicsILS laser machinesImpala laser systemindustrialInnoLas Systemslaser machiningRichard Grundmüllerlasers

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