Releases & Press

Below are recent Morgan Solar media releases, as well as excerpts from Morgan Solar in-the-news.


MSI in the News: UGE Secures Contract to Develop 300 kW Solar Project in Kaladar, Ontario

July 14, 2016, Marketwired, UGE Secures Contract to Develop 300 kW Solar Project in Kaladar, Ontario

“This ground-mounted facility, as well as the other SolarShare projects announced May 2, 2016, will utilize an advanced dual-axis solar tracking technology from Morgan Solar (“Morgan”). Morgan’s Savanna™ Tracker uniquely features self-ballasting technology and ‘drop-in-place’ frames for modular building blocks.

‘With steadily decreasing feed-in-tariffs under Ontario’s FIT Program, developers must use creative means to enhance revenue yields and increase project returns,’ said Cameron Steinman, Chief Strategy Officer at UGE. ‘Morgan’s dual-axis technology boosts the energy production at an affordable cost per kilowatt-hour, while at the same time mitigating much of the geotechnical risk that traditional ground mounted projects experience. It was a natural choice for us to deploy the Savanna™ Tracker for this portfolio.'”

Read the full article here.


MSI in the News: ArcTern Ventures leads $10M financing of Morgan Solar

July 13, 2016, Kirk Falconer, PE Hub, ArcTern Ventures leads $10M financing of Morgan Solar 

“Today, Morgan Solar Inc. announced $10 million in funding led by ArcTern Ventures, a venture capital fund developed in partnership with MaRS Discovery District that provides early-stage capital to companies in the cleantech sector. This is the second round of financing by ArcTern Ventures in Morgan Solar”. The funding will allow Morgan Solar to expand its manufacturing capacity for the Sun Simba™.

Read the full article here.


Media Release: Morgan Solar Board Appoints Mike Andrade as CEO

June 29, 2016, Toronto, CNW, Morgan Solar Inc. has announced that its Board of Directors has appointed Mike Andrade as Chief Executive Officer and member of the Board of Directors.

“As we launch the Sun Simba 4 solar panel, increase our sales activities and ramp up production capacity, I can think of no one better to lead Morgan Solar,” said John Paul Morgan, founder and Chief Technology Officer.  “Mike has deep experience in competitive global markets, including solar. He has a proven track record of leading growth oriented transformations, which is very much where we are with Morgan Solar“.  Andrade has 30 years of experience in the technology industry, most recently as President of Diversified Markets at Celestica.

Read the full article here.


MSI in the News: The Fossil Fuel Party is Over – So What’s the Good News?

June 24, 2015, Tom Rand, The National Observer: The Fossil Fuel Party is Over – So What’s the Good News?

In an article by Tom Rand, Morgan Solar is highlighted as an emerging leader in the Canadian clean energy sector. Rand explains why business as usual is no longer an option, and he points to increasingly competitive clean energy in order to, “have much of what we now take for granted, but also kick the fossil fuel habit”. Learn about what is needed for this transition to clean energy to occur.

Read the full article here.


MSI in the News: Canadian Entrepreneurship on the Rise but Many Firms Struggle to Grow

May 29, 2015, Tavia Grant, The Globe and Mail: Canadian Entrepreneurship on the Rise but Many Firms Struggle to Grow
John Paul Morgan and Morgan Solar are featured in an article by Tavia Grant of the Globe and Mail. Canada is abuzz with entrepreneurial activity, boasting one of the highest levels among the Group of Seven countries. Morgan Solar’s rise is a telltale example of this entrepreneurial spirit. Grant discusses the challenges involved with turning these bright entrepreneurial ideas into long-lasting businesses.

“At Morgan Solar, Mr. Morgan says the years of round-the-clock hours and earning less than he would have at a big firm are worth it. The payoff, he says, is the chance to tackle a problem that could, eventually, help lift people out of poverty. “It’s a very hard slog,” he says. “I wouldn’t want to work on any other problem right now. ””

Read the full article here.


MSI in the News: Canadians Making Money in the “Green Economy”

Apr. 24, 2015, CBC, The National: Canadians Making Money in the “Green Economy”
Morgan Solar is featured on CBC’s, “The National” along with other Canadian companies building a homegrown “green economy”. Watch this two and a half minute video segment on the growth of companies that focus on “green” products and business models in Canada.

Watch the video here.


MSI in the News: Better, Faster, Cheaper with Morgan Solar

Nov. 19, 2014, Jennifer Stoneburgh, Marsdd.com: Better, Faster, Cheaper with Morgan Solar
Jennifer Stoneburg of the MaRS Discovery District provides an update on Morgan Solar. Stoneburg summarizes major changes occurring in terms of design, manufacturing and global expansion. As she explains, “The pieces are in place for Morgan Solar to scale operations, and their disruptive technology is sure to change the CPV landscape for years to come”.

Read the full article here.


MSI in the News: Canada’s Best-Kept Secret – 14 Cool and Innovative Clean-Tech Companies

Nov. 11, 2014, Mary Teresa Bitti, The Financial Post: Canada’s Best-Kept Secret – 14 Cool and Innovative Clean-Tech Companies
Morgan Solar cracked Mary Teresa Bitti’s list of Canada’s 14 coolest and innovative clean-tech companies. Morgan Solar is a part of what Bitti considers perhaps Canada’s “best-kept secret” and fastest growing industry – clean tech.

Read the full article here.


MSI in the News: Adjacent Possibilities – Collaboration Between Artists and Energy Entrepreneurs Kicks off at MaRS

Aug. 28, 2014, Mark Dance, Marsdd.com: Adjacent Possibilities – Collaboration Between Artists and Energy Entrepreneurs Kicks off at MaRS
Adjacent Possibilities in art+energy, is a first-of-its-kind exhibition showcasing the artistic works of Li-Hill, LeuWebb Projects and MakeLab, in collaboration with MaRS Cleantech venture clients Morgan Solar, Hydrostor and MMB Networks. The event featured new artistic creations spawned by month-long collaborations between artists and cleantech entrepreneurs, as well as short films that documented each process.

Aaron Li-Hill specializes in drawing, painting, graffiti, and wood sculpture. Currently living in New York City, he was born and raised in Toronto, the place he still calls “home”. Aaron Li-Hill’s piece grew from a collaboration with solar energy entrepreneur John Paul Morgan. Watch this six minute video presentation, and read about the outcome of this unique and unusual collaboration.

Read the full article and watch the video presentation here.


MSI in the News: Morgan Solar – Next-Generation Solar is Born

Aug. 11, 2014, Arcternventures.com: Morgan Solar – Next-Generation Solar is Born
ArcTern, an investor in the B round of financing briefly describes what makes Morgan Solar so different: from the Sun Simba, to the Savanna tracker and Morgan Solar’s world class management team.

Read the full article here.


MSI in the News: Morgan Solar’s Smart Solar Power – Investing in Innovation Series (Part 4)

Aug. 11, 2014, Enbridge.com: Morgan Solar’s Smart Solar Power – Investing in Innovation Series (Part 4)
In the fourth installment of their “Investing in Innovation Series” Enbridge Inc. highlights their unique partnership with Morgan Solar. “Enbridge has proven to be a phenomenal partner,” says John Paul Morgan, Chief Technology Officer at Morgan Solar. “Their investment came at a key time, and enabled the development and commercialization of our technologies. We continue to work together to look for project opportunities for early deployments”.

Read the full article here.


MSI in the News: Harper Government Announces New Investments in Clean Energy Technology, Jobs and Innovation in Ontario

Jun. 23, 2014, Suitable Development Technology Canada, Sdtc.ca: Harper Government Announces New Investments in Clean Energy Technology, Jobs and Innovation in Ontario
Morgan Solar has been announced as one of five Ontario projects to receive investments under Sustainable Development Technology Canada’s SD Tech Fund (total of $10 million). “The SD Tech Fund supports projects that address climate change, air quality, clean water and clean soil, providing solutions to key Canadian industries that increase efficiency and enhance environmental responsibility”. As Morgan Solar’s Nicholas Morgan explains, “The SDTC is recognized the world over as one of the most successful cleantech funding programs in the world, and Morgan Solar is proud to be a recipient of SDTC funding for the second time”.

Read the full article here.


MSI in the News: #ICYMI – Recent MaRS Venture News

May 20, 2014, Jennifer Marron, Marsdd.com: #ICYMI – Recent MaRS Venture News
Jennifer Marron, MaRS Discovery District’s community manager highlights exciting recent news you may have missed in the Twitterverse. At number four on her list is Morgan Solar’s recent deal with the Built in Canada Innovation Program.

Read the full article here.


MSI in the News: EnerTech and Morgan Solar to Sell Solar CPV Technology to Kuwait and Middle East

May 1, 2014, Solardaily.com: EnerTech and Morgan Solar to Sell Solar CPV Technology to Kuwait and Middle East
This article summarizes Morgan Solar’s recently announced strategic partnership and investment agreement with KIA’s EnerTech Holding Company KSCC, (“EnerTech”), a newly established wholly owned subsidiary of National Technology Enterprises Company (“NTEC”). EnerTech is mandated to invest and develop technologies in the clean tech sector, and transfer these technologies to Kuwait and the Middle East region.

Read the full article here.


Media Release: EnerTech Signs Strategic Investment and Partnership Agreement with Morgan Solar Inc. Transferring Solar Concentrated Photovoltaic Technology to Kuwait and the Middle East Region

Apr. 27, 2014, Kuwait, Morgan Solar Inc.:
EnerTech Holding Company KSCC, (“EnerTech”), a newly established wholly owned subsidiary of National Technology Enterprises Company (“NTEC”) with a mandate to invest and develop technologies in the clean tech sector, and transfer these technologies to Kuwait and the region, is pleased to announce that it has entered into a strategic investment and partnership agreement with Morgan Solar Inc. (“MSI”), a Canadian-based solar technology company.  MSI has developed a revolutionary, low cost and high efficiency solar concentrated photovoltaic (CPV) technology and a game changing two-axis tracker, with great potential for adoption in the Middle East.  Under the agreement, EnerTech will invest in MSI, and will transfer technology and know-how to Kuwait and the region by establishing local manufacturing and assembling facilities for MSI’s technologies.  This transaction will help boost the fast growing solar energy projects developing in the region, through the adoption of these advanced, high efficiency and low cost technologies.

Both parties will work together to develop the market in the Middle East, which is witnessing the emergence of more than 40 gigawatts of solar energy projects over the next few years.

Morgan Solar is a privately held solar technology company backed by well-known energy and financial organizations such as Iberdrola, Enbridge Inc., The Frost Group, Turnstone Capital and other venture capital & private equity firms.  MSI is headquartered in Toronto, Canada and is starting to aggressively pursue the fast growing international opportunities developing in the global solar energy market.

Mr. Abdullah Al-Mutairi, Chief Operating Officer of EnerTech, and Mr. Anas Meerza, General Manager of NTEC said, “Morgan Solar has developed a breakthrough and disruptive technology in the solar energy sector, which will be a game changer in terms of high efficiency, low cost CPV module and lower levelized cost of energy. We strive to develop key projects in the region. Leveraging MSI’s technologies and experience EnerTech can further enhance its development portfolio in renewable energy and strengthen the Group’s competitiveness in the clean tech business.”

John Paul Morgan, Chief Technology Officer, founder, inventor and lead developer of Morgan Solar’s advanced technologies said, “EnerTech is one of a few GCC based company with a clear mandate to develop large scale solar and other renewable energy projects, and to transfer world class technologies to the region. Through this strategic partnership, we will develop the CPV and tracked PV markets in the Middle East, expanding MSI’s presence worldwide.”

About EnerTech Holding Co. KSCC

EnerTech is a wholly owned subsidiary of NTEC, which is then a fully owned subsidiary of Kuwait Investment Authority (KIA), the sovereign wealth fund of Kuwait.  EnerTech focuses on investing and developing opportunities and projects in renewable energy, waste management, recycling, energy efficiency, heat recovery, waste to energy and other clean tech sub-sectors.  Its mandate is to transfer said technologies to Kuwait and the region and develop sizeable projects by applying these technologies. Holding company NTEC was established in 2004 with the same objectives and EnerTech was spun-out as subsidiary in 2011.

About Morgan Solar Inc.

Headquartered in Toronto, Canada, Morgan Solar Inc. is an advanced solar energy technology company founded with the goal of making solar energy significantly more efficient and less expensive. Morgan Solar has assembled a world-class R&D team and has a growing portfolio of cutting-edge Concentrated Photovoltaic (CPV) and solar tracking technologies, all combining highly innovative optics and advanced engineering designs with well-established manufacturing processes.

Morgan Solar’s products include the high efficiency and low cost Sun Simba™ 4 Concentrated Photovoltaic (CPV) module and the revolutionary Savanna™ dual-axis tracker. The Sun Simba™ 4 is a next generation CPV module, offering one of the highest module efficiencies in the world at low market-leading prices. The Savanna™ tracker integrates with the Sun Simba™ 4 CPV module for a game changing CPV system installed with minimal EPC costs, delivering leading LCOEs and IRRs, without subsidies.  Morgan Solar has reinvented the way solar is built and deployed with their Sun Simba™ 4 and Savanna™ tracker, engineered for simple, rapid installation and low O&M requirements. The Savanna™ tracker is also highly competitive when deployed with conventional photovoltaic (PV) panels, boosting power generation by 25 to 40% against comparable size fix rack PV installations.

To date, Morgan Solar has over 60 patents issued and pending internationally.

For further information, please visit www.enertech.com.kw and www.morgansolar.com.

EnerTech Holding Co. KSCC
Mr. Asad Khan
Tel:  +965-2221-6022
Fax:  +965-2240-6340
Email:  asad@enertech.com.kw

Morgan Solar Inc.
Nicolas Morgan
Tel: +1(416)203-1655
Fax: +1(416)203-2805
Email:  n@morgansolar.com


MSI in the News: Government of Canada Kick-Starts Entrepreneurship in Toronto

Apr. 22, 2014, Public Works and Government Services Canada, News.gc.ca: Government of Canada Kick-Starts Entrepreneurship in Toronto
Bernard Trottier, Parliamentary Secretary to the Minister of Public Works and Government Services, announced the Government of Canada’s contract with Morgan Solar for its innovative, Savanna™ tracker, through the Build in Canada Innovation Program (BCIP).

Read the full article here.


MSI in the News: 21st-Century Cage Match – The Cleantech Bulls Versus the Climate Bear

Apr. 16, 2014, Tom Rand, Marsdd.com: 21st-Century Cage Match – The Cleantech Bulls Versus the Climate Bear
Tom Rand writes for the MaRS Discovery District, discussing what he explains as a 21st-century cage match between what he calls the “Cleantech Bulls” and the “Climate Bear”.

“Today’s techno-optimists argue that human ingenuity will bring low-carbon innovations—the “Cleantech Bulls”—to market fast enough to limit climate risk. Modern eco-pessimists believe that climate disruption—the “Climate Bear”—threatens economic growth itself, regardless of technological advances in clean energy. We’ve all got a stake in this fight. Who’s your favourite: the Bulls or the Bear?”

Rand points to Morgan Solar and its potential “to make grid-scale solar competitive with coal for the first time” as one of the “Bulls” in this intriguing discussion.

Read the full article here.


MSI in the News: Morgan Solar – The Canadian Solar Company With a Sunny Future

Aug. 14, 2013, David Dodge, The Huffington Post: Morgan Solar – The Canadian Solar Company With a Sunny Future
David Dodge of the Huffington Post highlights the newest developments at Morgan Solar. Get a unique insight into the doubts and challenges John Paul Morgan has faced along the way, “You convince yourself that you’ve come up with something really, really special and you spend all day, everyday on it. And then every now and then you stop and think, ‘What if we’re just drinking the Kool-Aid? What if this is just crazy?’ Then you sit down with totally independent technical people who’ve been hired to just give an independent technical assessment, and they get really excited about it too, that’s when you start to think, ‘Okay, maybe we really are on to something.”

Read the full article here.


MSI in the News: Morgan Solar Prepares for Indian Growth

Aug. 12, 2013, Veselina Petrova, Seenews.com: Morgan Solar Prepares for Indian Growth
Learn about Indian state officials and commercial parties recent visit to Morgan Solar’s headquarters and research and development centre in Toronto. Morgan Solar explains that the visit aims to enhance the clean technology exchange between Canada and India and that the company is preparing to become a significant player in India’s power segment.

Read the full article here.


MSI in the News: Morgan Solar Enters the High-Growth Indian Solar Energy Market

Aug. 9, 2013, Panchabuta.com: Morgan Solar Enters the High-Growth Indian Solar Energy Market
Learn about Morgan Solar’s recent entrance into a memorandum of understanding with Forbes & Company Limited, a subsidiary of the Shapoorji Pallonji Group. This as well as Morgan Solar’s hosting of a delegation of key government and commercial representatives from India’s energy sector and possible plans to deploy 25 kW of Savanna™ trackers in New Delhi point to the possibility of the company pursuing a presence in India.

Read the full article here.


Media Release: Morgan Solar Enters the High-Growth Indian Solar Energy Market

Aug. 9, 2013, Toronto, Ontario, Morgan Solar Inc.: Hosts Indian Energy Delegation at Toronto Head Office and R&D Facility
Morgan Solar Inc., a leading developer of Concentrated Photovoltaic (CPV) and intelligent sun-tracking technologies, is hosting a delegation of key government and commercial representatives from India’s energy sector today at its Toronto facility. The delegation’s aim is to increase technology and knowledge exchange between Canada and India in the area of clean, efficient energy generation and transmission.During the visit, Morgan Solar will showcase its cutting-edge, patented Sun Simba™ CPV module, and the patent-pending Savanna™ dual-axis solar tracker, incorporating one of the most advanced solar power plant monitoring technologies.

The delegation is being led by Dr. Saumitra Chaudhuri, Member of the Government of India’s Planning Commission, and includes representatives from the Ministry of Power and Ministry of Petroleum and Natural Gas, as well as from the Indian Oil corporation, the International Petroleum Company of India, and GAIL India, the country’s largest state-owned natural gas processing and distribution company.

Morgan Solar is gearing up for a strong presence in India, where demand for energy is expected to double by 2025. The company has recently entered into a Memorandum of Understanding with Forbes & Company Limited (BSE: 502865; NSE: FORBESGOKEQ), a subsidiary of the Shapoorji Pallonji Group, to offer the Savanna™ tracker and Sun Simba™ CPV module in India.

“The team of Forbes and Morgan Solar aims at providing clean energy solutions to the people of sun-drenched South Asia and Africa. The strategic partnership is designed to deliver a holistic solution that covers design, product and EPC capabilities built around the MSI technologies, more particularly to begin with the Savanna™ tracker and the Sun Simba™ CPV module. The intention is also to extend Morgan Solar’s manufacturing footprint in the region,” said Ashok Barat, Managing Director and Chief Executive Officer of Forbes & Company Limited.

Forbes and Morgan Solar will be showcasing the Savanna™ tracker and Sun Simba™ CPV module at Intersolar India in Mumbai in November, and Morgan Solar is working with Forbes to establish demonstration sites in the country.

Morgan Solar is also separately in the final planning stages to deploy 25 kW of Savanna™ trackers mounted with Canadian-manufactured solar panels with the Canadian Department of Foreign Affairs, Trade and Development at the High Commission of Canada in New Delhi. The system will be a key part of the sustainability strategy for the High Commission compound, and will serve as a demonstration of innovative Canadian clean technology.

“India is a focus market for Morgan Solar given the country’s high demand for efficient and low cost renewable energy solutions,” said Morgan Solar’s VP of Business Development, Nicolas Morgan. “Morgan Solar’s product development decisions have been made with our most important markets in mind, and it’s not a coincidence that some of our latest market demonstrations sites will be in India.”


MSI in the News: Earth Day 2013 – 9 Canadian Companies Working To Save The World

April 22, 2013, Sunny Freeman, Huffington Post: Earth Day 2013: 9 Canadian Companies Working To Save The World

Morgan Solar has made Sunny Freeman’s list of “nine cool startups working to tackle climate change”. Freeman, writing for the Huffington Post published this list in honour of Earth Day.

Read the full article here.


MSI in the News: Morgan Solar Shows How to Shine in a Dark Market

Oct. 15, 2012, Denise Deveau, The Financial Post: Morgan Solar Shows How to Shine in a Dark Market
Morgan Solar founder John Paul Morgan sits down for an interview with the Financial Post’s Denise Deveau. See what John Paul has to say about the Morgan Solar’s journey and the numerous challenges they have overcome. In particular “how the company revamped its production model, and discovered complementary avenues to generate revenue and keep innovation on track, while making sure its name stays front and center”.

Read the full article here.


MSI in the News: Success Story – Morgan Solar Inc.

Mar. 2012, Ontario Centres of Excellence, Oce-ontario.org: Success Story – Morgan Solar Inc.
The Ontario Centres of Excellence provides an update on the 2010 OCE Energy Innovation Award recipient, Morgan Solar. The OCE’s close relationship with Morgan Solar has included support in its collaborative research in partnership with the University of Ottawa as well as the company’s participation in the OCE’s First Job program.

Read the full article here.


MSI in the News: OCE-Supported Companies Aeryon Labs and Morgan Solar Pre-Qualify for Federal Kickstart Program

Feb. 6, 2012, Ontario Centres of Excellence, Oce-ontario.org: OCE-Supported Companies Aeryon Labs and Morgan Solar Pre-Qualify for Federal Kickstart Program
OCE supported Morgan Solar was one of 36 Canadian Innovations to be pre-qualified by the Government of Canada for possible government contracts in the second round of its Kickstart / Canadian Innovation Commercialization Program. Learn about the opportunities provided by this unique program.

Read the full article here.


MSI in the News: Oil and Gas Delivery Giant Enbridge Inc. Makes First Solar Tech Investment, Throws $10 Million into Morgan Solar

Nov. 29, 2011, Tyler Hamilton, Cleanbreak.ca: Oil and Gas Delivery Giant Enbridge Inc. Makes First Solar Tech Investment, Throws $10 Million into Morgan Solar
Tyler Hamilton writes for cleanbreak.ca reporting what he considers a “surprising” investment of $10 million in Morgan Solar by Enbridge Inc. (the Calgary-based oil/natural gas pipeline and delivery company). This investment surpasses the $25 million expectation for round B investments set by Morgan Solar in March 2011. Total round B investments have now reached $28.8 million.

Read the full article here.


Media Release: Morgan Solar Inc. Closes B Round at USD $28.8 M, With USD $9.8 M Investment From Enbridge Inc.

Nov. 29, 2011, Toronto, Ontario, Morgan Solar Inc.:
Morgan Solar Inc. announced today it has secured a USD $9.8 million (CAD $10 million) investment from Enbridge Inc., a North American leader in oil and natural gas delivery with expanding interests in renewable energy generation. In March 2011, Morgan Solar set out to raise between USD $20 to $25 million. The Enbridge investment represents an oversubscription of the round to a total of USD $28.8 million.

Morgan Solar is a Toronto-based company manufacturing the Sun Simba™, a turnkey, rapidly deployed solar energy generation solution. The Sun Simba™ is fully integrated with the company’s lightweight, self-ballasted Savanna™ tracker, and easily scaled from 10-kilowatt to multi-megawatt installations. The fundamental innovation behind the Sun Simba™ is the patented Light-guide Solar Optic, which enables an ultra low-profile, lightweight Concentrated Photovoltaic system that costs less to build, ship, deploy, and maintain than competing technologies. In areas with moderate to high direct sunlight, the Sun Simba™ will offer a lower Levelized Cost of Electricity (LCOE) than solar technologies on the market today, or known to be under development.

Morgan Solar’s President and Co-Founder John Paul Morgan said of the raise, “Enbridge’s investment is recognition of the improved value proposition offered by Morgan Solar’s Sun Simba™ – an advanced solar technology with the potential to significantly boost project returns for companies like Enbridge, which are building a portfolio of renewable energy generation assets.”

Enbridge is growing its solar power business. The company currently owns three solar facilities that together have the capacity to generate about 100 MW of electricity. Among Enbridge’s solar facilities is the 80 MW Sarnia Solar Project, which is one of the largest operating photovoltaic facilities in the world.

“While Enbridge is now well established as a generator of solar electricity, our investment in Morgan Solar is our first investment in solar technology,” said Chuck Szmurlo, Enbridge’s Vice President, Alternative & Emerging Energy. “We’ve been excited for a long time about the potential for solar electricity, and we’re now pleased to help advance innovative ideas that will help reduce costs and enable the increasingly economic deployment of this emissions-free energy source. We look forward to playing a role in Morgan Solar’s growth.”

The close of this Round brings Morgan Solar’s total private investments to date to USD $38 million. The B Round also included reinvestments from strategic investors Iberdrola S.A., the world leader in installed new renewable energy generation capacity, with 13.5 gigawatts of wind, solar, and hydro worldwide, and Nypro Inc., a global contract manufacturer specializing in precision injection molding for numerous Fortune 500 companies. Nypro is Morgan Solar’s partner in manufacturing the Sun Simba™ optical assembly. The round also saw new investments from The Frost Group, a private investment firm based in Miami, Florida, and a Canadian private investment fund.

Morgan Solar will use the funds to expand the manufacturing capacity for the Sun Simba™, to invest in sales development, and to continue to develop and expand its portfolio of next generation solar technologies.

Statement under the Private Securities Litigation Reform Act

With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to, product acceptance, the ability to continually obtained increased orders of its products, the ability to meet installation goals, economic, competitive, governmental impacts, whether pending patents will be granted or defendable, validity of intellectual property and patents, the ability to license patents, the ability to commercialize developmental products, as well as technological and/or other factors.

© 2011 Morgan Solar Inc.


MSI in the News: MaRS Cleantech Clients Open Trading on the TSX

Nov. 17, 2011, Jesika Briones, Marsdd.com: MaRS Cleantech Clients Open Trading on the TSX
Morgan Solar is proud to be chosen as a part of Corporate Knights Magazines’ preeminent list of Canadian public and private cleantech companies, the 2011 Next 10 list. Corporate Knights is a quarterly Canadian magazine dedicated to “clean capitalism”.  Jesika Briones from the MaRS Discovery District covered the unique opportunity afforded to the CEO’s of these companies in which they were given the opportunity to open trading on the Toronto Stock Exchange.

Read the full article here.


Media Release: Morgan Solar Has Reinvented Solar Technology

Nov. 14, 2011, Toronto, Ontario, Morgan Solar Inc.:

We’ve developed the revolutionary Sun Simba™ solar module*, a new form of CPV (Concentrated Photovoltaic*) technology that will soon transform the solar energy industry. Morgan Solar Inc.’s Sun Simba is highly efficient and low cost. It’s a unique, fully integrated CPV module that’s ultra-thin and lightweight. It’s easily scaled from modest 10 kW to huge multi-megawatt projects.

The groundbreaking technology at the heart of Sun Simba is our unique, patented LSO Light-guide Solar Optic™. As well, our innovative Savanna™ solar tracking system is optimized for Sun Simba. It’s robust, lightweight, and easy to install, taking full advantage of our solar module’s light weight and thin profile.

With Sun Simba, Morgan Solar has a clear path to achieving grid parity* across utility-scale markets. This means solar technology can rival long-established, legacy energy sources for the first time, but with a much smaller environmental footprint. Sun Simba is game-changing optical technology, concentrating sunlight with unrivaled efficiency levels + cost efficiency.


Media Release: Morgan Solar Inc. Announces a Turnkey Sun Simba CPV System With Drop-In-Place Savanna Solar Tracker

Sept. 8, 2011, Toronto, Ontario, Morgan Solar Inc.:
Morgan Solar Inc. today announced its patent-pending Savanna™ tracker, a lightweight, self-ballasted sun tracking system optimized for the company’s groundbreaking Sun Simba™ CPV (Concentrated Photovoltaic) module. Savanna installs without concrete, cranes, or other heavy machinery – defining the next generation of extremely robust, low cost dual-axis tracking.

“The Sun Simba™ module’s ultra-thin profile enabled us to take an entirely different approach to tracking,” said Asif Ansari, Morgan Solar’s CEO. “If the target is grid-parity* without subsidies, it is simply not enough for system providers to reduce the cost of solar panels and declare victory. Bringing down the balance of system, installation, and development costs – which now represent a significant portion of PV and CPV installed costs – is critical. Rather than design for enormous trackers that require heavy concrete foundations and expensive drives, Morgan Solar developed an innovative, human-scale, lightweight tracker design that packs tightly for shipment. Designed to minimize civil construction, the Savanna can be assembled rapidly by a team of unskilled workers with simple hand tools – no heavy equipment needed.”

Savanna™ trackers are now being deployed at test and demonstration sites in Ontario and California. The turnkey Sun Simba™ system with Savanna tracker will be displayed by Morgan Solar’s Ontario distributor, Bright Ray Solar*, at the Outdoor Farm Show in Woodstock, Ontario from September 13-15. Bright Ray is a Guelph-based solar energy distribution company providing lowest cost, turnkey microFIT and FIT solutions for commercial, industrial, and agricultural applications.

Delivering one of the solar industry’s highest energy yields per acre, Savanna™ will be sold as part of Morgan Solar’s turnkey solar generation product, a next generation, mass-manufactured technology that will help achieve the company’s goal of making solar energy the most widely used and affordable power source in the world.

Statement under the Private Securities Litigation Reform Act

With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to, product acceptance, the ability to continually obtained increased orders of its products, the ability to meet installation goals, economic, competitive, governmental impacts, whether pending patents will be granted or defendable, validity of intellectual property and patents, the ability to license patents, the ability to commercialize developmental products, as well as technological and/or other factors.

© 2011 Morgan Solar Inc.


Media Release: USPTO Grants Morgan Solar Inc. Second Patent for High-Concentration Optical Waveguide Technology

Aug. 9, 2011, Toronto, Ontario, Morgan Solar Inc.:
The United States Patent and Trademark Office (USPTO) has granted Morgan Solar (MSI) a second patent for its Sun Simba technology, without objections or revisions to the filed claims. The patent, US 7,991,261, is a continuation of MSI’s granted U.S. patent 7,873,257, ‘Light-guide Solar Panel and Method of Fabrication Thereof’, both which claim priority to May 1, 2007. Issuance of the two patents solidifies MSI’s corporate position as the first-to-file for patents covering both the theory behind a TIR (Total Internal Reflection*)-based light-guide concentrator with a slab-focusing* optic, and the feasible and efficient fabrication of solar optics and modules based on this technology.

US Patent ‘261 covers several generations of solar concentrators based on MSI’s Light-guide Solar Optic, as well as future MSI products. Both patents cover the invention of a solar energy system that traps light inside a dielectric or other transparent panel and propagates the light for harvesting by a solar energy collector, such as a photovoltaic cell. This allows for very thin modules whose thickness is comparable to the height of the solar energy collector, and eliminates the depth requirements inherent in traditional concentrated photovoltaic solar energy systems.

Other companies filed for patents after Morgan Solar along the same general concepts as those contained in US Patent ‘257 and ‘261. These subsequent-filed applications are testimony that the visionary and revolutionary concepts shown in MSI patents represent the next technology level in solar energy concentrators.

“Unlike patents that disclose concepts that can’t be turned into a successful product or have claims disconnected from the technology they should cover, Morgan Solar’s patents disclose a highly innovative yet practical and grounded technology. The claims of the two patents ensure a strong and valid protection against copycats or design-around attempts,” said George Olaru, MSI’s Director of Innovation.
Morgan Solar has raised $28.2 million in private investments and $10.3 million in a mix of Canadian and U.S. government grants, loans, and tax credits. The company is currently manufacturing modules for test and demonstration sites in Ontario and California in partnership with its strategic investor Nypro Inc., the world’s largest non-automotive injection molder, with operations in 17 countries.
MSI has 17 other pending independent patent applications and corresponding international patent applications.

Statement under the Private Securities Litigation Reform Act

With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to, product acceptance, the ability to continually obtained increased orders of its products, the ability to meet installation goals, economic, competitive, governmental impacts, whether pending patents will be granted or defendable, validity of intellectual property and patents, the ability to license patents, the ability to commercialize developmental products, as well as technological and/or other factors.

© 2011 Morgan Solar Inc.


MSI in the News: Morgan Solar – Looking on the Bright Side

July 21, 2011, Shenthuran Vijayananthan, Marsdd.com: Morgan Solar – Looking on the Bright Side
In a continuation of the “Meet the Entrepreneurs” video presentation, Shenthuran Vijayananthan of the MaRS Discovery District breaks down Morgan Solar’s journey into 6 distinct segments: Inspiration, Doubt, Discovery, Commercialization, Restructuring and Growth. Vijayananthan provides insight into Morgan Solar’s latest developments.

Read the full article here.


MSI in the News: Solar Legend Guides Startup Across Valley of Death

June 9, 2011, Patrick White, The Globe and Mail: Solar Legend Guides Startup Across Valley of Death
Patrick White of The Globe and Mail breaks down Asif Ansari’s move from Southern California to Morgan Solar. Learn what led Ansari to abandon his dream home, leave a promising company (eSolar), and uproot his wife and three kids – all for an opportunity to pilot Morgan Solar toward the entrepreneurial promised land. As Ansari explains, “It was an awkward decision, one I never anticipated making, but I could see Morgan Solar was at a critical juncture”. “They were incredible on the science end of things, but science alone doesn’t get you across the Valley of Death, especially in solar”.

Read the full article here.


MSI in the News: MaRS Client Morgan Solar Closes $16.5 Million in First Tranche of Series B Funding

May 30, 2011, Vanessa Caldwell, Marsdd.com: MaRS Client Morgan Solar Closes $16.5 Million in First Tranche of Series B Funding
Vanessa Caldwell from the MaRS Discovery District announces Morgan Solar’s closure of $16.5 million in the first tranche of its series B funding. Caldwell briefly introduces new investor, The Frost Group, LLC, a private investment firm based in Miami and led by Dr. Phillip Frost.

Read the full article here.


MSI in the News: Morgan Solar Snags $16.5 Million on Way to Closing Series B Funding Round

May 24, 2011, Tyler Hamilton, Cleanbreak.ca: Morgan Solar Snags $16.5 Million on Way to Closing Series B Funding Round
Tyler Hamilton writes for cleanbreak.ca following up on his previous post that speculated about Morgan Solar entering a “round B” of financing. Now awaiting confirmation of rumors that another $16.5 million has been raised, Hamilton addresses the likely round B investors. Strategic investors Iberdrola and Nypro are once again investing alongside newcomer The Frost Group LLC.

Read the full article here.


MSI in the News: Toronto Entrepreneurs – You Are Not Alone!

Apr. 4, 2011, Sarah Lenarcic, Marsdd.com: Toronto Entrepreneurs – You Are Not Alone!
Sarah Lenarcic of The MaRS Discovery District summarizes the key takeaways from the cleantech “Meet the Entrepreneurs” panel as part of the “Entrepreneurship 101 Lecture Series”. This quick read will provide you with a brief understanding of what the panel members and Morgan Solar’s Nick Morgan had to say.

Read the full article here.


MSI in the News: Meet the Entrepreneurs – Cleantech Entrepreneurship 101

Mar. 31, 2011, Jon Dogterom, Marsdd.com: Meet the Entrepreneurs – Cleantech Entrepreneurship 101
The MaRS Discovery District hosted a panel consisting of three of Toronto’s successful cleantech entrepreneurs to discuss the challenges and opportunities they’ve faced in launching their organizations. Nicholas Morgan, Morgan Solar’s Director and VP Business Development is joined by Skymeter CEO Kamal Hassan and MMB Research Inc. CEO and Co-Founder Daniel Moneta. Watch the approximately one hour long panel discusssion, moderated by MaRS Discovery District’s Jon Dogterom. For a brief written summary of the event refer to Sarah Lenarcic’s article published on April 4, 2011.

Watch the discussion here.


MSI in the News: The Canadian Connection – A Roundup of Canuckish Cleantech News

March 2, 2011, Tyler Hamilton, Cleanbreak.ca: The Canadian Connection – A Roundup of Canuckish Cleantech News
Tyler Hamilton writes for cleanbreak.ca speculating about the possibility of Morgan Solar entering a “round B” of financing.  Hamilton explains, “I don’t think Morgan will have trouble raising the money. I’ve seen the technology, know the founders well, and have talked to their early investors. There is solid commitment there and a sense that what the company is working on is truly ground-breaking”.

Read the full article here.


MSI in the News: Morgan Solar Honoured For Cost-Effective PV Design 

Dec. 2010, The Association of Power Producers of Ontario, Appro.org: Morgan Solar Honoured For Cost-Effective PV Design
Morgan Solar has received the inaugural Canadian Energy Innovation Award (CEIA) for its collaboration with the University of Ottawa SUNLab. The award, presented jointly by Ontario Centres of Excellence (OCE), Borden Ladner Gervais LLP (BLG) and the Association of Power Producers of Ontario (APPrO) has the goal to “celebrate extraordinary partnerships that have led to astonishing innovations,” said Dave Butters, president of APPrO.

Read the full article here.

Watch a five-minute video containing the presentation of this award as well as a profile of Morgan Solar here.


MSI in the News: Founder and Ex-CEO of eSolar Asif Ansari Takes the Helm of Canadian Start-up Morgan Solar

Oct. 12, 2010, Vanessa Caldwell, Marsdd.com: Founder and Ex-CEO of eSolar Asif Ansari Takes the Helm of Canadian Start-up Morgan Solar
Vanessa Caldwell from the MaRS Discovery District comments on the announcement of Asif Ansari as Morgan Solar’s CEO. Learn about Ansari’s extensize background which has led him to be“considered one of the most successful start-up CEOs in the solar energy world”. For a brief introduction to Asif Anasari as well as the rest of our management team visit the “Our Team” page. “The quality of Morgan’s management team, with these sorts of additions, demonstrates their ability to go global on a major scale.”

Read the full article here.


MSI in the News: Lancaster City Council Approves 25-Acre Lease to Morgan Solar Canadian Firm to Produce Photovoltaic Solar Power Near Soccer Center

Sept. 20, 2010, Cityoflancasterca.org: Lancaster City Council Approves 25-Acre Lease to Morgan Solar Canadian Firm to Produce Photovoltaic Solar Power Near Soccer Center
The Lancaster City Council (California) announces their approval of a 25-acre lease to Morgan Solar. Read about the details, opportunities and future plans of what Lancaster Mayor R. Rex Parris called a “tremendous opportunity for the City to further expand our solar-energy initiatives”.

Read the full article here.


MSI in the News: Morgan Solar – Meet the Entrepreneurs

Apr. 7, 2010, Vanessa Caldwell, Marsdd.com, Morgan Solar – Meet the Entrepreneurs
Our friends at MaRS Discovery District sat down with John Paul Morgan to present you with this five-minute video presentation. Hear about the early stages and rapid growth of Morgan Solar from founder John Paul Morgan himself. “From inspiration to prototyping to winning investors and major strategic partners, Morgan Solar’s successes demonstrate the power of innovation in making renewable energy available to all.”

Watch the video here.


MSI in the News: Morgan Solar Adds Another $3.5 Million to First-Round Financing, and From Canadian VC’s No Less

Jan. 6, 2010, Tyler Hamilton, Cleanbreak.ca: Morgan Solar Adds Another $3.5 Million to First-Round Financing, and From Canadian VC’s No Less
Morgan Solar upped its round A investments to $8.2 million from the $4.7 million it raised in the first tranche. It did so through two Canadian venture-capital groups. Tom Rand at VCi Green Fund in Toronto led a Canadian investor consortium that contributed $2.3 million, the investors of the other $1.2 million were not disclosed. Read about Mr. Rand’s thoughts on Morgan Solar’s unique technology.

Read the full article here.


MSI in the News: Morgan Solar Secures USD $4.7 Million Institutional Investment and Launches Manufacturing of the Sun Simba HCPV

Oct. 9, 2009, Newswire.ca: Morgan Solar Secures USD $4.7 Million Institutional Investment and Launches Manufacturing of the Sun Simba HCPV
Newswire.ca reports on the announcement of the closing of the first tranche of Morgan Solar’s round A investment with Iberdrola Group SA, Nypro Inc, and Turnstone Capital Management LLC. A brief summary of these investors is provided explaining the value they provide, both monetary and strategic.

Read the full article here.


MSI in the News: A Cheaper Solar Concentrator

Feb. 20, 2009, Tyler Hamilton, MIT Technology Review, A Cheaper Solar Concentrator – A New Light-Guiding Optic Combines Low Cost with High Efficiency
This article in the MIT Technology Review discusses the core concept of the Light-Guide Solar Optic (LSO) and Morgan Solar’s simplicity based approach to solving the complex challenges of the “solar concentrator” industry.

Read the full article here.


MSI in the News: A Ray of Sunshine for Solar Energy

Nov. 10, 2008, Tyler Hamilton, The Toronto Star: A Ray of Sunshine for Solar Energy
This article in the Toronto Star gives a brief summary of John Paul Morgan’s journey from working as a cutting-edge engineer at an optical telecom “giant” to starting Morgan Solar. Tyler Hamilton provides a brief background into the low cost, high efficiency approach that still drives Morgan Solar’s products today. This quick read will help you understand where Morgan Solar began.

Read the full article here.