Science & Technology
Science and Technology
Science and Technology
Mon, January 26, 2009 BioSolar Prepared for Industry Growth Following Obama Inauguration Highlighting Dramatic 'Green Energy' Agenda
SANTA CLARITA, Calif.--([ BUSINESS WIRE ])--BioSolar, Inc. (OTCBB:BSRC), developer of a breakthrough technology to produce bio-based materials from renewable plant sources that reduce the cost of photovoltaic solar cells, continues to sustain media attention for its cost-saving and environmentally-friendly BioBacksheet™ solar module component.
BioSolar "is ushering in the inherent benefits of biomass by leading a pioneering effort to reduce the costs of solar modules by replacing petroleum-based solar panel components with durable biomass-based materials," according to a web exclusive article posted December 10, 2008 on the website of [ BioMass Magazine ] and the January 9 edition of [ Energy Weekly News ].
"With the new administration ready to push for legislation requiring the use of more alternative energy, solar energy companies, finishing a year of record growth in 2008, are expected to gain even more momentum," said Dr. David Lee, CEO of BioSolar. "Companies like BioSolar are uniquely poised for growth in this climate."
With growth and investment in the solar industry, manufacturers are constantly looking for ways to reduce solar module costs and increase efficiencies. Currently being readied for production, the BioBacksheet is expected to cost less than its petroleum-based counterpart used in solar panels. In addition, BioSolar recently developed a new material configuration and manufacturing technique to produce another patent-pending version of BioBacksheet that can potentially deliver a dramatic reduction in cost in the future.
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.
