2009: Founded in Yavne, Israel; Developed revolutionary PTP printing technology; 2016: Raised $2.9M; Received $3M in grants from Israel OCS; Acquired by DRL Group (SZ:300776); Now operates in China, Singapore, and Israel as world leader in PV equipment innovation
Notable Customers
Solar cell manufacturers in China and Taiwan, PV industry companies, Clean energy sector
Utilight develops Pattern Transfer Printing (PTP) technology, a non-contact 3D laser printing process designed specifically for photovoltaic metallization. The technology aims to replace traditional screen printing in solar cell manufacturing by depositing metal patterns with higher precision and lower material waste, which can increase cell efficiency and reduce production costs.
The company's core product is a metallization system that uses 3D laser printing to transfer conductive patterns onto solar wafers without physical contact. This approach addresses limitations of screen printing, such as line width constraints and substrate stress, and is backed by patents pending for the PTP process. Utilight has received R&D grants from the Israeli Office of the Chief Scientist and investment from Robert Bosch Venture Capital.
Target customers include solar cell manufacturers and PV equipment companies, primarily in China and Taiwan. The company was acquired by DRL Group (SZ:300776), a Chinese publicly traded firm, and now operates across Israel, China, and Singapore. Competitors in the PV metallization equipment space include Applied Materials and Meyer Burger.
A key open question is whether PTP can achieve the throughput and cost-per-watt required for mass adoption in the price-sensitive solar manufacturing industry, where screen printing remains deeply entrenched. The company's small team and reliance on grants and strategic investors suggest a focused R&D phase prior to scaling production.
Competitive Intelligence
Competitors, SWOT analysis, and investment insights