Osaka, July 2, 2012 - (JCN Newswire) - Panasonic Corporation was presented with the IEEE Corporate Innovation Award from the Institute of Electrical and Electronics Engineers (IEEE) on June 30 at the IEEE Honors Ceremony held in Boston, Mass. Panasonic was cited "for developing and commercializing high-performance heterojunction solar technology (HIT)" by the IEEE, the world's largest professional association dedicated to advancing technological innovation and excellence for the benefit of humanity.
The IEEE Corporate Innovation Award, established in 1985, recognizes outstanding and exemplary contributions by an industrial entity, government or academic organization, or other corporate body, which have resulted in major advancement of the arts and science of electrotechnology. It is considered one of the most coveted awards in this field. A total of 37 different companies have previously received the award, including world-leading electrical manufacturers and IT companies. Panasonic has become the fifth Japanese company to receive this recognition.
Panasonic's HIT solar cells have a unique hybrid structure comprised of amorphous silicon and crystalline silicon, for which the company embarked on research and development in 1990. The company's efforts in developing solar cells to help solve the energy issue had started even earlier. In 1980, it became the first in the world to mass produce amorphous silicon solar cells, which were widely used as power source for electronic calculators, thereby contributing to the spread of solar cells. In 1997, Panasonic succeeded in commencing mass production of HIT solar cells and panels boasting the industry's highest-level power generation capability. HIT panels have earned acclaim for their high quality and power generation capability throughout the world.
Today, HIT solar cells have achieved a conversion efficiency of 23.9% at R&D level and 21.6% at mass production level. The company now has a total production capacity of 600MW of HIT solar cells per year, meeting demand in the three major markets of Japan, Europe, and the U.S. With its new Malaysian factory - an integrated production site for wafers (slicing), cells, and panels - coming on stream by year-end, Panasonic is ready to handle robust global demand for solar cells.
Panasonic continues to strive to further the development of society, industry, and academia through its world-leading technologies, while contributing to the creation of a safe, secure, and prosperous society with its renewable energy and other environmental technologies.
About Panasonic
Panasonic Corporation is a worldwide leader in the development and engineering of electronic technologies and solutions for customers in residential, non-residential, mobility and personal applications. Since its founding in 1918, the company has expanded globally and now operates over 500 consolidated companies worldwide, recording consolidated net sales of 7.30 trillion yen for the year ended March 31, 2013. Committed to pursuing new value through innovation across divisional lines, the company strives to create a better life and a better world for its customers. For more information about Panasonic, please visit the company's website at http://panasonic.net/ .
Contact:
Global Public Relations Office
Panasonic Corporation
Tel: +81-3-6403-3040
Fax: +81-3-3436-6766
July 2, 2012
Source: Panasonic
Panasonic (TSE: 6752) (U.S: PC)
From the Japan Corporate News Network
http://www.japancorp.net
Topic: Awards received
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