Germany-based industrial laser specialist InnoLas Systems GmbH said that the company achieved revenue of €40 million (US$52.9 million) in 2012, which was 60% higher than the previous year.
Despite the lack of orders from the PV industry for the vast majority of equipment suppliers, InnoLas Systems said that more than 90% of revenue growth in 2012 was actually generated from sales in the PV industry, bucking the trend.
Richard Grundmüller, CEO InnoLas Systems said: “We are of course very satisfied with a revenue growth of 60%, but especially proud that we achieved this due to strong sales into the photovoltaic sector. This industry saw flat or declining investments in 2012, so obviously InnoLas Systems is able to offer something that sets us apart from our competition.”
The company cited several innovative technologies and products that contributed to the revenue growth in 2012. The company said that the laser machines were designed for advanced processes like PERC (Passivated Emitter and Rear Cell) and Selective Emitter Doping.
In thin-film, its ‘IMPALA’ series is claimed to offer high precision scribing that reduces the ‘dead area’ on the module to boost conversion efficiency.
“Our laser systems offer photovoltaic manufacturers a proven and cost-effective way to improve cell/module efficiency and to increase throughput. This in turn means that our customers see a return on investment quickly,” added Grundmüller.