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Assets include more than hundreds of owned and licensed patents and patent applications in the field of solar energy, manufacturing plant
May 31, 2012
By: DAVID SAVASTANO
Editor, Ink World Magazine
Konarka Technologies, Inc., a leading developer of thin-film solar panels, has filed for bankruptcy protection under chapter 7 of the Federal bankruptcy laws. Under chapter 7 proceedings, the company’s operations cease and a trustee is tasked with liquidating the company’s assets for the benefit of creditors. Creditors will be asked to submit their claims to the Bankruptcy Court and are unable to obtain payment from the company. “Konarka has been unable to obtain additional financing, a...
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