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SMALL BUSINESS
BioSolar’s First BioBacksheet Slated to Hit Commercial Market in Second Half of 2009
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, today announced that the BioBacksheetTM-C will be the company’s first product to be commercially available during the second half of 2009. The announcement follows BioSolar’s recent news that two of its products are currently in the pre-production stage and nearing qualification for full production.
BioSolar’s line of proprietary BioBacksheet™ protective coverings are designed to replace expensive and hazardous petroleum-based film with a bio-based one derived from plant based renewable resources, creating a more environmentally friendly and cost-effective solar panel component.
“Designed specifically for cost-sensitive, economical photovoltaic (PV) solar cell modules, the BioBacksheetTM-C is expected to be instrumental in driving down the cost per watt of solar power,” said Dr. David Lee, BioSolar’s chairman and CEO. Currently designed for silicon (c-Si) photovoltaic solar panels, the first commercially available BioBacksheet™-C is highly water resistant and contains high dielectric strength material combined with cellulosic film.
“BioBacksheet-C is a two-component system. The substrate is a cellulosic material coated with a proprietary material to reduce the water vapor transmission rate and to increase abrasion resistance,” said Lee. “BioBacksheet-C is undergoing rigorous testing and adjustments over the past months to ensure its functional durability as well as its cosmetic consistency. Once all the adjustments and improvements are finalized, BioBacksheet-C will go through one additional full cycle of vigorous tests before commercial production begins.”
As reported last month in Renewable Energy Focus, ongoing expansion of the patent-pending BioBacksheet™ technology is also expected to accommodate copper-indium-gallium-selenide (CIGS) and cadmium telluride (CdTe) thin-film photovoltaic panels.
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.