Solar nanotech company Konarka files for bankruptcy

The loss highlights the current problem with many fields that involve bringing nanotechnology to market: it's easy to raise money but difficult to implement, market, and sell those technologies. "Konarka has been unable to obtain additional financing, and given its current financial condition, it is unable to continue operations. This is a tragedy for Konarka’s shareholders and employees and for the development of alternative energy in the United States," said Howard Berke, co-founder of Konarka, in a press release.