NEW YORK, June 14, 2018 /PRNewswire/ -- SQN Capital Management is proud to announce that, after successfully supporting the petition of Suniva with the United States government for the protection of the domestic solar panel and module manufacturing industry, the cutting edge technology, licenses, and manufacturing capacity of Suniva have been acquired by SQN and have been released from the bankruptcy process and plans are in process to restart operations as soon as possible.
Suniva lead the extraordinary effort to stand up to the destructive foreign practices that led to more than 30 domestic solar companies being driven out of business. The United States government, following a unanimous, bi-partisan finding by the U.S. International Trade Commission, put measures in-place in February designed to revive and protect domestic solar panel and module manufacturing. SQN is on the verge of determining which partner will provide the best path to revitalizing the company and meeting the overwhelming demand for Suniva's high-quality, high-efficiency products.
Jeremiah Silkowski, CEO of SQN Capital Management, commented: "It has been a long year but a fight worth fighting. We are pleased now to have multiple attractive options as we look toward Suniva's future."
SOURCE SQN Capital Management