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Alternative Energy - Wednesday, September 20, 2006

Solar's Miasole Wants To Pop An IPO Next Year

Solar start-up Miasole wants an IPO within 12 to 18 months, said CEO David Pearce. To make that happen, it want to stay profitable during 2007. While there are plenty of other solar panel start-ups around these days, Miasole's positioning is improved performance over yesterday's technology + a low price point vs. the current state-of-the-art.

Miasole out of San Jose raised about $16M in a round led by Kleiner Perkins about a year ago. If it is able to get to an IPO without another round of funding, investors will have sunny dispositions.

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