IQE’s strategic CPV partner Solar Junction wins “most innovative device” award at CS Europe 2012 Conference

22 March 2012

Cardiff, UK, 22 March 2012 -US based Solar Junction with whom IQE last month announced a strategic investment and exclusive long-term supply agreement, has scooped the “most innovative device” award at Europe’s premier compound semiconductor industry conference.
Winners of the CS Industry Awards 2012 were announced at last week’s CS Europe conference, one of the world's leading compound semiconductor events.
Solar Junction netted the most innovative device award for its high efficiency SJ3 product, a platform that has enabled the company to fabricate cells with a record-breaking 43.5 percent efficiency. "Dilute nitrides have always held promise. Until now massive commercial success has failed to follow, but that will change with Solar Junction's revolutionary multi-junction solar cells," predicted Richard Stevenson, editor of Compound Semiconductor magazine.
Voting by the readers of Compound Semiconductor magazine and its associated web-site determined the winners of these awards. More than 17,000 votes were cast.
Commenting on the awards, David Ridsdale, Editor-in-Chief of the Semiconductor and Solar Group said: "
In a very short time, Compound Semiconductor has become a key member of our stable of microelectronics' manufacturing magazines. In line with our other products we introduced the CS Industry Awards to ensure peer recognition of the constant innovation that occurs in the industries we work within. The CS Industry Awards have already become a key industry event applauding the best achievements by those working in the field."
CS-Europe attracted 250 delegates to the Hilton Hotel, Frankfurt, wher six companies collected awards in categories covering all the key areas associated with compound semiconductor manufacturing and chip development. Other winners were TriQuint, Veeco, Cree, Ammono and KLA-Tencor.

22 March 2012
Dr Drew Nelson, Conference Chairman and CEO IQE plc with Vijit Sabnis, VP Technology, Co-founder, Solar Junction

Visit http://www.cseurope.net/ for more information about the CS-Europe Awards.

CONTACTS:Press: IQE plc (+44 29 2083 9400) Chris Meadows


Note to Editors
IQE is the leading global supplier of advanced semiconductor wafers with products that cover a diverse range of applications, supported by an innovative outsourced foundry services portfolio that allows the Group to provide a 'one stop shop' for the wafer needs of the world's leading semiconductor manufacturers.
IQE uses advanced crystal growth technology (epitaxy) to manufacture and supply bespoke semiconductor wafers ('epi-wafers') to the major chip manufacturing companies, who then use these wafers to make the chips which form the key components of virtually all high technology systems. IQE is unique in being able to supply wafers using all of the leading crystal growth technology platforms.
IQE's products are found in many leading-edge consumer, communication, computing and industrial applications, including a complete range of wafer products for the wireless industry, such as mobile handsets and wireless infrastructure, Wi-Fi, WiMAX, base stations, GPS, and satellite communications; optical communications. The Group also manufactures advanced optoelectronic and photonic components such as semiconductor lasers, vertical cavity surface emitting lasers (VCSELs) and optical sensors for a wide range of applications including optical storage (CD, DVD, BluRay), thermal imaging, leading-edge medical products, pico-projection, finger navigation ultra high brightness LEDs, and high efficiency concentrator photovoltaic (CPV) solar cells.
The manufacturers of these chips are increasingly seeking to outsource wafer production to specialist foundries such as IQE in order to reduce overall wafer costs and accelerate time to market.
IQE also provides bespoke R&D services to deliver customised materials for specific applications and offers specialist technical staff to manufacture to specification either at its own facilities or on the customer's own sites. The Group is also able to leverage its global purchasing volumes to reduce the cost of raw materials. In this way, IQE's outsourced services, provide compelling benefits in terms of flexibility and predictability of cost, thereby significantly reducing operating risk.
IQE operates eight facilities located in Cardiff (two), Milton Keynes and Bath in the UK; in Bethlehem, Pennsylvania, Somerset, New Jersey and Spokane, Washington in the USA; and Singapore. The Group also has 11 sales offices located in major economic centres worldwide.