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BioSolar Claims Global Rights for World s First Solar Module ComponentMade From Renewable Materials

^{Published on 2008-12-08 04:42:01 - Market Wire}
 

SANTA CLARITA, Calif.--([ BUSINESS WIRE ])--BioSolar, Inc. (OTCBB:BSRC), the developer of a breakthrough technology to produce bio-based materials from renewable plant sources that reduce the cost of photovoltaic solar cells, announced today that it has filed for worldwide patent protection of its proprietary BioBacksheet™. BioBacksheet is the world's first solar cell backsheet made from renewable plant based materials, rather than expensive and environmentally unfriendly petroleum-based alternatives currently in use.

"With the solar industry growing globally, we are committed to ensuring the long-term interests of the company and its shareholders by protecting our intellectual property worldwide," said Dr. David Lee, CEO of BioSolar.

Dr. Stanley B. Levy, CTO of BioSolar, a distinguished technologist with over a dozen patents issued or pending in the U.S. and internationally to his name, led the development of BioBacksheet as the key inventor. Prior to joining BioSolar, Dr. Levy enjoyed a long career at Dupont™ working with many of its premiere petroleum plastic films including Teflon^®, Mylar^® and Kapton^® that are used as solar module components today. He is an active member of the solar industry including being on the National Renewable Energy Laboratory's Thin Film PV Module Reliability Team.

Patent protection has been sought through the World Intellectual Property Organization with the Patent Cooperation Treaty (PCT) to ensure full protection outside of the U.S. on the BioBacksheet technology. The PCT has been ratified by most of the industrialized countries in the world, including the United States, most of Europe, Russia and the former Soviet Republics, Japan, China, Korea and India.

The announcement follows the company's October announcement that it had filed a comprehensive patent, expected to give BioSolar full protection on the novel inventions and processes behind its BioBacksheet technology in the United States.

The BioBacksheet continues to receive attention from the media, both domestically and abroad. Most recently, BioSolar was featured in European Plastics News; [ CarbonFree News ], a UK-based renewable energy publication; [ PV-Tech ], the new media platform of Photovoltaics International; and [ AZoCleantech ], the leading online science, engineering and medical publisher in Australia.

About BioSolar, Inc.

BioSolar, Inc. has developed a breakthrough technology to produce bio-based materials from renewable plant sources that will reduce the cost per watt of solar cells. Most of the solar industry is focused on photovoltaic efficiency to reduce cost. BioSolar is the first company to introduce a new dimension of cost reduction by replacing petroleum-based plastic solar cell components with durable bio-based materials. To learn more about BioSolar, please visit our website at [ http://www.biosolar.com ].

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.