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National Media Spotlights Solar3D

  //science-technology.news-articles.net/content/2011/04/28/national-media-spotlights-solar3d.html
  Published in Science and Technology on Thursday, April 28th 2011 at 6:41 GMT by Market Wire
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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, has been featured in articles published by CNBC.com and The Christian Science Monitor.

"The milestones reported in the articles are giant steps toward completion of our prototype, which could in turn greatly affect the economics of solar energy."

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. Solar3Da™s management believes that this breakthrough solar cell design will dramatically change the economics of solar energy.

aIt is exciting to see our progress recognized on a national level,a commented Jim Nelson, President and CEO of Solar3D. aThe milestones reported in the articles are giant steps toward completion of our prototype, which could in turn greatly affect the economics of solar energy.a

Solar3Da™s new solar cell will have two principal sections: the Light Collector section and the Micro Photovoltaic section. The articles reported the completion of the Light Collector design, from which structure of the rest solar cell will flow. The companya™s research and development team believes that they can soon calculate the increase in efficiency that the overall 3-dimensional solar cell can achieve relative to current technology.

CNBC.com and The Christian Science Monitor (which picked up the story from CNBC) also cited Bill Mazotti, of National Semiconductor, who finds Solar3Da™s technology intriguing, especially with the tremendous pressure put on the solar industry to reduce the cost of generated electricity.

aWe are pleased that people recognize what we are trying to do,a continued Nelson. aWe have taken up the gauntlet thrown down by (US Energy Secretary) Steven Chu to reduce the cost of solar power to $1 per kilowatt hour. The increased efficiency of the 3-dimensional solar cell, coupled with decreased costs of production we are designing in, will reduce the cost considerably.a

As the Company nears the completion of its prototype in the fourth quarter, management will seek a fabrication partner, most likely in the semiconductor industry, who will participate in bringing the product to market.

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.