) announced that it is expanding capabilities within its Silicon
Valley Technology Center to usher in new innovations and
collaborations in the energy and electronics industry. The
company will use the center to further speed up product and
DuPont, in 2011, acquired a company named Innovalight at the
same site and continued to invest to boost the site's
capabilities. It is the only material supplier in the world that
has capabilities for fully integrated development from solar
materials to cell and panel assembly, manufacturing and
DuPont will focus on developing technological innovations for
the industries it caters to including solar energy and consumer
electronics. The extended capabilities will include
commercial-grade tools and process capabilities to produce solar
cells and solar panels. DuPont also plans to install a rooftop
testing station for solar panels by late 2013.
DuPont has also added a new technology lab for the formulation
of new DuPont Solamet photovoltaic metallization pastes. The lab
will also focus on advanced electronic materials and support
overall business growth for systems that will match the
requirements of the current electronic designs.
DuPont is the leading supplier of specialty materials with the
largest portfolio of products that are made to enhance the power
output and reliable lifetime of solar panels. These products also
enable the company to lower overall system costs and improve
system investment returns for solar.
Last month, DuPont also inaugurated a new Innovation Center in
Johnston, Iowa. The Innovation Center is the second in the U.S.
and twelfth in the world. The facility will cater to the needs of
the growing population and will reduce reliance on fossil
DuPont beat expectations in the first quarter of 2013, driven
by strong corn seeds and crop protection products sales. The
company posted adjusted earnings from continuing operations of
$1.56 per share for the quarter, topping the Zacks Consensus
Estimate of $1.54.
Net sales rose 2% year over year to $10,408 million, as higher
sales volumes and pricing were offset by a negative currency
impact. Sales beat the Zacks Consensus Estimate of $10,378
DuPont carries a Zacks Rank #4 (Sell).
Other companies in the chemical space that are worth
Cytec Industries Inc.
PPG industries Inc.
). All of them retain a Zacks Rank #2 (Buy).
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