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"It's no secret that solar panels, while capable of producing clean renewable energy, are themselves laden with potentially harmful materials. One California company says it has developed products that will make panels more environmentally palatable," reported Sustainable Industries of BioSolar's line of proprietary BioBacksheet(TM) protective coverings on June 18.
The same article mentions BioSolar has been working with several unnamed solar panel manufacturers to test its products before transitioning into production mode by the end of 2009 for its cotton- and castor oil-derived materials that "match plastic's durability and can be used in existing panel manufacturing facilities."
The Sustainable Industries feature coverage was also distributed by internationally renowned Reuters News Syndicate and Matter Networks, the media network dedicated to creating, aggregating, and syndicating actionable news and information about the clean technology and sustainability revolution, further underscoring the validity of BioSolar's contribution to the renewable energy industry.
"Designed specifically for cost-sensitive, economical photovoltaic (PV) solar modules, the BioBacksheet-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, in the June 24 Commodity Online news report. "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."
The Daily Green reports that though all solar cells require protective backing, it is contradictory for these backings to comprise petroleum in any amount saying, "Solar has to be green all the way through."
In the same article, Dr. Lee explains, "Oil prices go up and down a lot, and putting a huge new demand on the petroleum industry as solar production increases is just not a good idea." He added that his company's solar panel components consist of cotton, castor beans and other proprietary bio-based ingredients to help reduce the industry's dependency on petroleum.
The Daily Green also reports that while the bio-film will be on the market in the latter part of 2009, other products are in the research and development stage, and the company is working on other bio-based PV module parts, including a replacement for the glass top layer of most 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.
SOURCE: BioSolar, Inc.
Press Contact: Beckerman Public Relations Eric Fischgrund, 201-465-8008 efischgrund@beckermanpr.com or Investor Relations Contact: BioSolar, Inc. Tom Becker, 877-904-3733 ir@biosolar.com
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