Private company
1366 Technologies
Logo: 1366tech.com4
1366 Technologies was a company based in Bedford, Massachusetts that developed a technique to produce silicon wafers by casting them in their ultimate shape directly in a mold, rather than the prevailing standard method in which wafers are cut from a large ingot. In July 2021, the company merged with Dallas-based Hunt Perovskite Technologies to form a new company, CubicPV. The company's management predicted that the new approach will be able to produce wafers at half the cost of current methods.3 It was founded in 2009.1 Wikipedia text CC BY-SA 4.0
Last updated Oct 21, 2026.
Overview
- HeadquartersBedford1
- Website1366tech.com
- Incorporated inDE5
- Business address6-8 Preston Court, Bedford, Ma 017305
- Legal formCorporation
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1366 Technologies was a company based in Bedford, Massachusetts that developed a technique to produce silicon wafers by casting them in their ultimate shape directly in a mold, rather than the prevailing standard method in which wafers are cut from a large ingot. In July 2021, the company merged with Dallas-based Hunt Perovskite Technologies to form a new company, CubicPV. The company's management predicted that the new approach will be able to produce wafers at half the cost of current methods. The company's name was a reference to the solar constant, representing the watts of solar energy that hits each square meter outside of Earth's atmosphere.3
Leadership
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Executive Officer, DirectorFranciscus van Mierlo named Jul 11, 2022 to Jul 11, 20237
- DirectorBill Burgess named Jul 11, 2022 to Jul 11, 20237
- DirectorBruce Sohn named Jul 11, 2022 to Jul 11, 20237
- DirectorCarmichael Roberts named Jul 11, 2022 to Jul 11, 20237
- DirectorReidar Langmo named Jul 11, 2022 to Jul 11, 20237
- DirectorRobert Metcalfe named Jul 11, 2022 to Jul 11, 20237
- DirectorTimothy McCaffrey named Jul 11, 20237
- DirectorVictor Liu named Jul 11, 2022 to Jul 11, 20237
- DirectorYasheng Huang named Jul 11, 2022 to Jul 11, 20237
Products and brands
The company used a $4 million grant obtained from the United States Department of Energy's Advanced Research Projects Agency-Energy (ARPA-E) program in December 2009 to fund research over an 18-month period. Grants from ARPA-E are designed to provide money to relatively small projects offering the potential for high-payoff results in fostering advanced techniques. 1366 Technologies was able to announce eight months into the grant period that it had achieved success in its casting technology, in which molten silicon is poured directly into a mold to produce wafers in their final form, a square 6 inches (15 cm) on each side that is 200 micrometres thick and are then extracted from the mold using a proprietary technique to ensure that the wafer doesn't break while being removed. In traditional methods, wafers of this size are cut from a large single ingot or crystal, in an approach that leaves as much as half of the original silicon ingot as waste.
David Danielson, program director for solar energy at ARPA-E said that "early indications show this could be one of our great success stories." ARPA-E's first director Arun Majumdar estimated that current techniques generate solar power at a cost of $4 per watt, and that bringing down that cost to $1.50 per watt could lead to the widespread adoption of solar energy. Company president Frank van Mierlo estimated that solar power generated using wafers from 1366 Technologies would be cheaper than power generated using coal.
The company is now on their third generation of wafer-producing machines, which are full-sized, industrial line machines. The company will open a commercial-scale factory in upstate New York, slated for completion in 2017. This plant will start producing 50 million wafers annually, totaling 250 megawatts of output. It will eventually scale to 600 million wafers and 3,000 MW of annual production.
From Wikipedia’s article on 1366 Technologies, shared under CC BY-SA 4.0.6
Former names
- 1366 TECHNOLOGIES INCJan 9, 2008 to Dec 17, 20195
Timeline
- 2009Founded Founded1
Filings
2 filings to the SEC since October 2021: 2 private raises. The latest 2:
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $42.0M
- PPP loans $975.4K
Figures by year
| Year | Private raises (Form D) | PPP loans | Total |
|---|---|---|---|
| 2023 | $33.0M | – | $33.0M |
| 2022 | $9.0M | – | $9.0M |
| 2020 | – | $975.4K | $975.4K |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
- Jun 7, 2023Raised $33 million in a private offering of equity7 Form D: 3 investors so far Form D
- Jun 24, 2022Raised $9 million in a private offering of equity8 Form D: $30.1 million offered in all Form D
PPP loans
Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA9. Matched to this company by name and state.
- Jun 16, 2020$975.4K PPP loan (first draw) from Citizens Bank, National Association9To 1366 TECHNOLOGIES INC, Bedford MA; $980.3K forgiven Dec 22, 2020
SEC filer profile
How 1366 Technologies is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
Links
- Website1366tech.com1
- Wikipedia1366 Technologies
- WikidataQ4549202
- SEC EDGARCIK 1423493
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1Wikidata1366 Technologies on Wikidata
- 2
- 3Wikipedia1366 Technologies on Wikipedia
- 4Company website1366 Technologies logo
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