Science & Technology
Science and Technology
Science and Technology
Mon, February 23, 2009
BioSolar Could Significantly Reduce the Cost of Solar Cells Claims TheFutureofThings.com
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 modules, was touted as a "novel technology" that "could significantly reduce the cost of solar cells," according to an article posted February 18 on [ TheFutureOfThings.com. ]
As the company moves towards production, BioSolar continues to sustain media attention for its cost-saving and environmentally-friendly BioBacksheetTM solar cell technology and its role in helping solve our Nation's energy woes. In an interview with Ken Silverstein of EnergyBiz Insider, Dr. David Lee, CEO of BioSolar is quoted as saying, "For technology developers to be successful in the next five years, they have to reduce costs and improve quality." Dr. Lee also discussed the importance of reducing dependency on petroleum in a [ Partners Green ] article posted February 19, 2009.
"We are pleased to see the continued media interest in BioSolar and our BioBacksheetTM technology. As the production stage draws closer, we hope the increasingly positive coverage drives us to the forefront of the solar industry where manufacturers are looking for any and all ways to reduce the cost of their solar panels," said Dr. Lee.
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.
