Global Solar Energy, Inc., a leading manufacturer of flexible solar technology, announced recently it has engaged FTI Capital Advisors, LLC (FTICA), member FINRA/SIPC, the wholly owned investment banking subsidiary of FTI Consulting, Inc., to pursue new investor participation. An investment could lead to partial or total change in ownership and control of the company. Global Solar will consider opportunities for the USA and EU operations.
Global Solar is the leading commercial-scale producer of flexible, high-efficiency Copper, Indium, Gallium, DiSelenide (CIGS) solar products. The company has 75 MWp of installed thin-film photovoltaic production capacity in the USA and EU. Global Solar has a unique position in the solar market. It sells its products into special applications such as weight-restricted roofs, integrated building products, military markets and various emerging applications. The company currently supplies interconnected solar cells for the DOW POWERHOUSE® Solar Shingle roofing product line.
Commenting on the decision to pursue new investors, CEO Dr. Jeffrey Britt stated, “Global Solar’s owners have accomplished their plan of developing leading CIGS thin-film technology and being the first company to reach commercial-scale production. The time has come to consider financial alternatives that will help enable the company to reach its strategic objectives.“The process offers new investors an opportunity to participate in the fastest-growing segment of the solar industry, flexible thin-film. Global Solar is differentiated from the broader solar industry as its products are specially designed to target high growth, niche markets that require flexible, lightweight solar solutions,” continued Britt.The company does not anticipate any disruption in production or service to its customers during this process.