Kisco has agreed to become Tera-Barrier Films’ exclusive distributor in the Asia-Pacific region after making a strategic investment in the Singapore-based company. Kisco made the investment during Tera’s Series A investment round and its funding will help Tera’s attempts to bring its moisture resistant films for solar cells to market.
“We are very impressed by the achievements that Tera-Barrier Films has made in such a short time, and believe that it is a good time for us to invest in the company and be part of its growth,” said Koichi Takeda, director of Kisco’s electronic materials division.
“This investment and distribution agreement with Kisco is a testament of the confidence Kisco has in Tera-Barrier,” added Dr. Mark Auch, Tera’s CEO. “Our immediate goal is to deliver our products to customers so they can begin extensive testing and validation and eventually incorporate them in their production lines. We also expect to initiate large scale manufacturing in the near future as we project market demand to grow extensively in the next three to five years.”