Gimv, Capricorn Cleantech Fund and SFPI-FPIM jointly subscribe to a 5.4 million capital increase of NovoPolymers NV

Puurs, Belgium: 21 March 2012 - NovoPolymers is a unique, innovation driven company specialized in the design and conversion of polymer formulations into photovoltaic encapsulant sheets. Encapsulants are a critical and crucial component of crystalline silicon as well as thin-film based photovoltaic modules.

NovoPolymers has recently developed a new range of innovative encapsulants for Photovoltaic (PV) modules offering cost optimization and other benefits such as significant more power output next to increased durability. The new products are either already launched (NovoVellum® MF01, NovoVellum® FW01) or are under scrutiny in IEC certification tests with preferred partners. With the substantially enlarged product offering the company is taking now the first steps on its global expansion with a prime focus on Asia.

More info on the press release or NovoPolymers' website.

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