Xunlight Corporation
Encyclopedia
Xunlight Corporation is a venture-backed
Venture capital financing
Venture capital financing is a type of financing by venture capital: the type of private equity capital is provided as seed funding to early-stage, high-potential, growth companies and more often after the seed funding round as growth funding round in the interest of generating a return through an...

 advanced technology company that specializes in the development of high-performance, flexible, and lightweight solar modules. Founded in 2002, the company was established to commercialize solar technology that was developed by Co-Founder Dr. Xunming Deng in his University of Toledo
University of Toledo
The University of Toledo is a public university in Toledo, Ohio, United States. The Carnegie Foundation classified the university as "Doctoral/Research Extensive."-National recognition:...

 Thin Film Silicon Photovoltaic Laboratory. Through innovative technology and high-speed roll-to-roll manufacturing process, Xunlight has revolutionized the development of thin-film silicon-based photovoltaic
Thin film solar cell
A thin-film solar cell , also called a thin-film photovoltaic cell , is a solar cell that is made by depositing one or more thin layers of photovoltaic material on a substrate...

 solutions.

January 2002

Midwest Optoelectronics, LLC (MWOE) was established to commercialize technologies developed at the University of Toledo.

May 2003

MWOE receives its first grant
Grant (money)
Grants are funds disbursed by one party , often a Government Department, Corporation, Foundation or Trust, to a recipient, often a nonprofit entity, educational institution, business or an individual. In order to receive a grant, some form of "Grant Writing" often referred to as either a proposal...

 from DOE
United States Department of Energy
The United States Department of Energy is a Cabinet-level department of the United States government concerned with the United States' policies regarding energy and safety in handling nuclear material...

 SBIR.

January 2006

MWOE and UT reach an exclusive license agreement for four sets of technology portfolios developed in the Thin Film Silicon Photovoltaic Laboratory.

April 2006

Xunlight (aka: MWOE Solar) was formed and all MWOE operations were reorganized into Xunlight.

July 2007

Xunlight moves its headquarters
Headquarters
Headquarters denotes the location where most, if not all, of the important functions of an organization are coordinated. In the United States, the corporate headquarters represents the entity at the center or the top of a corporation taking full responsibility managing all business activities...

 from the incubator
Business incubator
Business incubators are programs designed to accelerate the successful development of entrepreneurial companies through an array of business support resources and services, developed and orchestrated by incubator management and offered both in the incubator and through its network of contacts...

 at the University of Toledo to a 122,000 sq. ft. manufacturing facility
Factory
A factory or manufacturing plant is an industrial building where laborers manufacture goods or supervise machines processing one product into another. Most modern factories have large warehouses or warehouse-like facilities that contain heavy equipment used for assembly line production...

at 3145 Nebraska Ave.

June

Xunlight receives $5 million grant from Ohio Department of Development.

Xunlight demonstrates first solar cell deposition on 2MW roll-to-roll pilot production line.

June

Xunlight successfully completes the installation and demonstration of its 25MW high-throughput, wide-web, roll-to-roll photovoltaic manufacturing process.

September

Xunlight delivers and installs its first shipment of solar modules to its first customer, the University of Toledo.
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