swift coat

 

technology area

Solar

Problem

In the solar industry, capital expenses are high and the margins are low due to the silver and ITO layers within the solar cells that account for 20% of the manufacturing cost and 21% of the capital expense for the manufacturing line.

solution

Swift Coat has developed a nanoparticle coating to replace the expensive silver and ITO layers. Their innovation will reduce the manufacturing cost by 10% and the capital expense for the manufacturing line by 16%.

business model

The company will charge a varying licensing fee, and will lease their equipment to different companies for additional funding.

state of development

Currently developing a manufacturing model

grants/awards to date

Rice Business Plan Competition   

Zero Mass Water Materials Award

SRP Innovation Award

Fulton TIL Grant

3-6 month milestones

Develop a larger prototype for their product.

Team 

Peter Firth and Zachary Holman

info@swiftcoat.com

website 

swiftcoat.com/