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Solar3D Shapes Its Operational Plan for 3-D Solar Cell Development

^{Published on 2011-01-19 03:40:40 - 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 details of its plan for the development of the Companya�s solar cell.

"We have a passion for the process. By combining micro-photovoltaics with advanced light management technology and production engineering into a novel 3-dimensional solar cell, we believe that affordable access to the power of the sun will be a reality"

aOur research, analysis, and experimentation to date have allowed us to outline our development process and timetable with a high degree of confidence,a said Jim Nelson, CEO of Solar3D. aWe are ahead of the original schedule that we set for ourselves in terms of timing and expected output.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 dramatically change the economics of solar energy.

Solar3D plans to have a working prototype by the end of 2011, according to Mr. Nelson. During the course of the year, key milestones have been set to guide the efforts of the development team including:

1. The design of the light-trapping element of the solar cell.

2. The determination of its expected efficiency.

3. The design of the 3-dimensional micro-photovoltaic structure of the cell.

4. Fabrication of prototype.

Mr. Nelson added, aIt is exciting to see scientific theory become a reality. We are re-engineering the solar cell from scratch to make a next generation product that is much more efficient than existing technology. But equally important is that we are creating a design that will be compatible with existing fabrication processes and mass production facilities. Hence, we will get a compounded impact on lowering the cost per watt of solar photovoltaics.

aWe have a passion for the process. By combining micro-photovoltaics with advanced light management technology and production engineering into a novel 3-dimensional solar cell, we believe that affordable access to the power of the sun will be a reality,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.