Infinia Corporation Secures $50 Million in Series B Financing

Infinia Corporation recently announced that it closed on a $50 million Series B Preferred Stock financing round led by GLG Partners with participation from Wexford Capital LLC and prior investors Vulcan Capital, Khosla Ventures, EQUUS Total Return, Inc., Idealab and Power Play Energy, LLC. The proceeds from the financing will be used to fund the commercial launch of the Infinia Solar System, a solar power generation product that harvests energy from sunlight to generate clean, emissions-free electricity.

“This financing represents a very important turning point for Infinia,” said J.D. Sitton, President and Chief Executive Officer of Infinia. “With the support of this outstanding investor group, the inspired and diligent effort of our team, and the commitment of our key supply-chain partners, we are clearly on track to begin manufacturing and selling our Infinia Solar System product later this year. This product will change the game in the solar power generation market.”

In connection with this transaction, GLG’s John Small will join Infinia’s Board of Directors. Mr. Small is senior asset manager and President of GLG Inc. and has an extensive background in investing in and building public and private companies.

“My colleagues and I are very pleased to welcome John to Infinia’s Board of Directors,” Mr. Sitton said. “John brings a unique perspective to our board and shares our belief that we are at the front edge of one of the most compelling social and economic opportunities of our time. Adding GLG and Wexford to our already super-charged investor group will help ensure that we deliver on this opportunity. The Infinia team is primed and ready to roll.”

Infinia is a solar technology company preparing to commercialize its Infinia Solar System, a solar power generation product that converts concentrated solar energy into electricity. The Infinia Solar System couples Infinia’s proven free-piston Stirling engine with a dish-style solar concentrator to produce 3kW of grid-quality AC power. Infinia’s system is the world’s first solar power generation product suitable for automotive-scale manufacturing and deployment ranging from single units for end-users to thousands of units deployed in utility-scale solar power plants. Since 1985, Infinia has been delivering super-high reliability, zero-maintenance, free-piston Stirling engines and power systems to commercial companies and government agencies.

For more information, please visit www.infiniacorp.com