NanoFlex Power Corporation announced it has entered into a license agreement with SolAero Technologies Corporation. For the last two years, NanoFlex and SolAero have partnered to validate NanoFlex's patented, non-destructive epitaxial lift-off (ND-ELO) process and related technologies in SolAero's ultra-high efficiency solar cells. Under the terms of the non-exclusive agreement, NanoFlex and SolAero will jointly commercialize NanoFlex's technology as part of SolAero's products. NanoFlex received up-front development funding from SolAero and will receive a running royalty associated with space solar cells fabricated using the licensed technology.