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Solar3D Submits Patent Application for Breakthrough 3-Dimensional Solar Cell

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^{Published in Science and Technology on Tuesday, November 23rd 2010 at 6:50 GMT by Market Wire}  

SANTA BARBARA, Calif.--([ BUSINESS WIRE ])--Solar3D, Inc. (OTCBB:SLTD), the developer of a breakthrough 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity, today announced that the Company has filed a patent application for its innovative solar cell design and methods of fabrication.

"We believe that the Sun, an infinite source of energy, should be used to provide a substantial percentage of electricity used by the world. By combining micro-photovoltaics with advanced light management technology into a novel 3-dimensional solar cell, we believe that will be possible"

aWith the filing of this patent, we are poised to create something truly exciting,a said Jim Nelson, CEO, Solar3D. aMany industry observers and analysts have said that for the solar industry to truly make a difference, the developers of the next generation solar technologies will have to step up. This application represents our intention to step up and make a real difference in the world.a

Inspired by light management techniques used in fiber optic devices, the companya™s innovative solar cell technology utilizes a 3-dimensional design to trap sunlight inside micro-photovoltaic structures where photons bounce around until they are converted into electrons. The companya™s management believes that this breakthrough solar cell will be dramatically more efficient, resulting in a lower cost per watt that will make solar power affordable for the world.

According to Mr. Nelson, aOur objective is grid parity or better. By re-engineering the solar cell to manage the light and extract all of its available power, we intend to make it: (1) significantly more efficient and (2) production friendly. In doing so, we attack the economic issue from both sides to deliver electricity at a substantially reduced cost per kilowatt hour. While our 3-D technology can be applied to various photovoltaic materials, such as gallium arsenide, we are currently focused on using silicon, an abundant material with a very mature production industry. We intend to push silicon to its theoretical limits.a

aWe believe that the Sun, an infinite source of energy, should be used to provide a substantial percentage of electricity used by the world. By combining micro-photovoltaics with advanced light management technology into a novel 3-dimensional solar cell, we believe that will be possible,a Mr. Nelson concluded.

About Solar3D, Inc.

Solar3D, Inc. is developing a breakthrough 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity. Up to 30% of incident sunlight is currently reflected off the surface of conventional solar cells, and more is lost inside the solar cell materials. Inspired by light management techniques used in fiber optic devices, our innovative solar cell technology utilizes a 3-dimensional design to trap sunlight inside micro-photovoltaic structures where photons bounce around until they are converted into electrons. This next generation solar cell will be dramatically more efficient, resulting in a lower cost per watt that will make solar power affordable for the world. To learn more about Solar3D, please visit our website at [ http://www.Solar3D.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.