The story
In 1983, thin film roll-to-roll solar cell research began at 3M. Research physicists Dr. Frank Jeffrey and Dr. Derrick Grimmer left 3M and founded Iowa Thin Film Technologies which then engaged in a partnership with 3M and Iowa State University.
In 1988, Iowa Thin Film Technologies broke ties from 3M and the company began working in a Department of Energy lab in Ames, Iowa.
The company's first thin-film solar product was created in 1995.
In 1999, the company shipped thousands of solar panels due in large part to the "Y2K" scare. This resulted in the company's first profitable year.
2005: $3.2M contract announced to develop solar tent structures for the U.S. Army
2007: Company goes public on the London stock exchange under the name PowerFilm, Inc. IPO ticker symbol PFLM
2008: Manufacturing plant expanded by 80,000 sq ft to accommodate additional production capability
2010: Japan launches IKAROS. The Japan Aerospace Exploration Agency used PowerFilm Inc. photovoltaic thin film in the world’s first solar sail powered deep space satellite.
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2012: U.S. Army makes $3M PowerFilm foldable solar panel purchase
From Wikipedia’s article on PowerFilm, shared under CC BY-SA 4.0.4