Powerfilm Inc (LON:PFLM), the developer and manufacturer of thin flexible solar panels, has received a purchase order contract for its solar panels totalling $1.3m, sending the company’s shares up by 9% to 30p. The purchaser is understood to be a returning customer which had been a significant customer before the recession. The application area is solar recharging of remote oil and gas exploration seismic data collection systems.

In the 12 months to December 2009, PowerFilm posted sales of $6.6m with net losses coming in at $1.9m as commercial customer reeled in their spending in the wake of the economic downturn. The company has been keen to make inroads in the all important building-integrated market, where solar panels are incorporated into roofs, for example. However, it has also broadened its products range to appeal to a wider customer base, where its products now target electric golf carts, marinas, RVs, police and emergency vehicles and bus shelters.

The company said that a full commercial update, including details about growth from its diversified mix of customers, would be given in its first half results announcement to be released on September 13.

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