1366 Technologies is relocating to Alexandria Park
1366 Technologies is developing a technology that aims to significantly cut the cost of silicon wafers used in solar panels. With roughly 40 employees, the company currently occupies about 16,000 square feet of space in Lexington. In the fall, it plans to move into just over 41,000 square feet of space in the section of Alexandria Park that is located in Bedford.
Over the next two years, the company expects to about double the size of its work force, a company spokesman said.
Just about a year ago, it was disclosed that 1366 Technologies was in line to receive a $150 million loan from the Energy Department to commercialize its technology.
The 1366 Technologies leases was one of several Alexandria Park lease transactions announced by Alexandria Real Estate Equities in a recent press release. Collectively, those leases cover about 187,000 square feet of space.
Another company that recently relocated to Alexandria Park is QD Vision Inc., a nanomaterials products company that had offices in Watertown.
QD Vision occupies 59,000 square feet of space in a section of the park that is in Lexington, Alexandria Real Estate Equities said.
Based in California, Alexandria Real Estate Equities is a real estate investment trust focused principally on owning, operating, and developing real estate for the life sciences industry.Chris Reidy can be reached at email@example.com.