FTL Solar Raising US$50mn

New York-based FTL Solar announced on June 6 that it has closed the first round of funding for its US$50mn capital acquisition initiative. FTL Solar, which is a developer and manufacturing of thin-film solar cells, plans to invest the capital in research and development, as well as other business development initiatives. The company's financing is being headed up by Terra Firma Capital Group with the hope of reaching its goal by Q408.

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