Solar energy company Apollo Power signs POC agreement with defense contractor Rafael
Rafael will pay $50,000 for tests that will examine the feasibility of integrating Apollo Power’s flexible solar panels in materials it uses for manufacturing its various defense products
Lior Gutman | 15:43 23.09.2020
Tel Aviv-listed solar energy company Apollo Power Ltd. has signed a proof of concept agreement with Israeli defense contractor Rafael Advanced Defense Systems Ltd., the former announced in a filing Wednesday. As part of the deal, Apollo Power subsidiary, SolarPaint Ltd., will collaborate with Rafael to test the feasibility of integrating its flexible solar panels in materials used in the manufacturing of the contractor’s various products.