Eight19 Divides Assets For Better Management And Production

on Aug 25, 2012
Listen

The Cambridge University spin-off Eight19 is launching a new company, in attempt to expand its Indigo “pay-as-you-go” solar technology to untapped markets. From now on the newly founded Azuri Technologies Limited will be responsible for developing and expanding the Indigo product family, while Eight19 remains concentrated on its printed plastic solar technology.

Indigo is designed specifically for emerging, off-grid markets. Its purpose is to provide electricity to remote areas, where there is no other access to electricity. It’s a solar technology system that consists of a battery, a solar panel, a mobile phone charger and LED lights. Users pay a weekly fee of $1 for the system, using scratch cards. The system represents an elegant solution to one of the world’s biggest developmental problems and has received much praise from within the industry. Indigo received the World Business and Development Award at the RIO+20 UN Climate Conference in June.

Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.

!m[](/uploads/story/290/thumbs/pic1_inline.png)
The technology is currently in use in Uganda, Kenya, South Sudan, Zambia, Malawi and South Africa.
The rapid growth of the system has forced the board of Eight19 to make structural changes in the company in order to ensure that the Indigo product family will be developed, marketed and expanded by a fully dedicated team.

The entire business development side of operations has been transferred to Azuri Technologies, which will have the responsibility to introduce the system to new markets. Simon Bransfield-Garth will remain Chief Executive Officer of both Azury and Eight19 at their present headquarters in Cambridge. Mr. Bransfield-Garth, visibly enthusiastic about the prospects for the two companies explained that the separation of the businesses is a sign of the Indigo product range coming to maturity and that it will allow the technology to be developed and delivered to market in the best possible way. On the other hand that will leave space for Eight19 to focus on its core activity – developing printed plastic solar technology.

The technology is based on organic semiconductor materials that possess some unique properties such as strong light absorption (100 times stronger than silicon). These properties make possible the production of low-cost, flexible and light-weight solar modules.
With Eight19 free to concentrate on R&D of the Indigo technology and Azuri tasked with using their now dedicated team and resources to bring that technology to the markets where it is needed the future looks bright for both companies. And that should be good news for both the investors and the consumers that Indigo brings electricity to.

Ad

Want easy-to-follow crypto, forex & stock trading signals? Make trading simple by copying our team of pro-traders. Consistent results. Sign-up today at Invezz Signals.

Learn more
Commodity Energy