The wafers were produced with 1366s current production furnaces in Bedford, MA and the cell fabrication was completed at Hanwha Q CELLS Center for Technology Innovation and Quality in Thalheim, Germany.

BEDFORD, Mass.--(BUSINESS WIRE)--Silicon wafer manufacturer 1366 Technologies today announced that it has jointly achieved with Hanwha Q CELLS a new performance record of 19.6% cell efficiency for 1366s Direct Wafer® technology. The result was independently confirmed by the Fraunhofer ISE CalLab and clearly demonstrates the combined potential of the two inventions - 1366s kerfless, drop-in 156 mm multicrystalline wafers and Hanwha Q CELLS Q.ANTUM, passivated emitter rear contact (PERC) cell process. The wafers were produced with 1366s current production furnaces in Bedford, MA and the cell fabrication was completed at Hanwha Q CELLS Center for Technology Innovation and Quality in Thalheim, Germany.

"This year weve been focused on mass production trials and, together with Hanwha Q CELLS, weve continued to push the performance limits of multicrystalline cells while dramatically reducing their costs," said Frank van Mierlo. "The Direct Wafer process provides an ultra-low cost option to manufacturers to extend multicrystallines dominant market position. This latest technical achievement is an impressive demonstration of our wafers compatibility with new cell architectures that provide long-term differentiation."

"These latest results demonstrate the further potential of the Direct Wafer and Q.ANTUM cell technologies that can break the technical limitations of conventional wafer and cell making processes," said Kai Petter, Senior Manager, R&D Silicon of Hanwha Q CELLS.

1366 Technologies Direct Wafer® Technology
1366 Technologies Direct Wafer® process forms multi-crystalline wafers directly from molten silicon instead of todays multi-step, energy- and capital-intensive process. The result is a uniformly better wafer, created at one-half the cost. The technology also has the enormous benefit of being a "drop-in" replacement for 60 percent of the photovoltaics market, making it seamless for cell and panel manufacturers to readily adopt the technology without adding a single new piece of equipment.

ABOUT 1366 TECHNOLOGIES
1366 Technologies aims to deliver solar at the cost of coal. The company combines breakthrough technology innovations with lean manufacturing processes to make a new class of silicon wafers, the building blocks of solar cells, at a fraction of todays cost. Developed by a veteran team of scientists, engineers and entrepreneurs, the companys novel approach breaks the historic efficiency and cost tradeoffs of photovoltaics. 1366 Technologies is headquartered in Bedford, MA. For more information, please visit www.1366tech.com.

ABOUT HANWHA Q CELLS
Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) is one of the world's largest and most recognized photovoltaic manufacturers for its high-quality, high-efficiency solar cells and modules. It is headquartered in Seoul, South Korea (Global Executive HQ) and Thalheim, Germany (Technology & Innovation HQ). With its diverse international manufacturing facilities in South Korea, Malaysia and China, Hanwha Q CELLS is in a unique position to flexibly address all global markets. Hanwha Q CELLS offers the full spectrum of photovoltaic products, applications and solutions, from modules to kits to systems to large scale solar power plants. Through its growing global business network spanning Europe, North America, Asia, South America, Africa and the Middle East, the company provides excellent services and long-term partnership to its customers in the utility, commercial, government and residential markets. Hanwha Q CELLS is a flagship company of Hanwha Group, a FORTUNE Global 500 firm and a Top 10 business enterprise in South Korea. For more information, visit: http://investors.hanwha-qcells.com/