BioSolar Progresses to Next Stage of Pre-Production Citing Positive and Consistent Test Results.BioBacksheet Also Provides Solar Panel Manufacturers With Color Choices SANTA CLARITA Santa Clarita, city (1990 pop. 110,642), Los Angeles co., S Calif., suburb 30 mi (48 km) NW of downtown Los Angeles, on the Santa Clara River; inc. 1987. Situated in the Santa Clara valley and nearby canyons, Santa Clarita includes the former towns of Canyon Country, , Calif. -- BioSolar, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BSRC BSRC Build Spacecraft Real-Time Command ), developer of a breakthrough technology to produce bio-based materials from renewable plant sources that reduce the cost of photovoltaic The generation of voltage by a material that is exposed to light in the visible and invisible ranges. See photoelectric and photovoltaic cell. solar modules, reports that results of testing on BioBacksheet[TM] samples from the first pre-production runs have been consistent and satisfactory; which gets the company one step closer to full scale commercial production. The BioBacksheet[TM], a protective covering for photovoltaic solar cells made from renewable plant sources, rather than the expensive petroleum-based film currently in use, is expected to cost less than traditional petroleum-based backsheets. Backsheets are used in virtually all solar panels. "Aside from cost and environment-friendly advantages, BioBacksheets[TM] can now be manufactured in various colors," said Dr. David Lee David Lee may refer to:
BioSolar has been in a pre-production stage for its BioBacksheet[TM] for the last several months, and has conducted extensive quality control tests on samples of each pre-production run. "The test covers material properties, mechanical properties, electrical properties, and appearances before and after the long term durability tests which include a 1,000-hour damp heat oven test, simulating more than 20 years of real world extreme conditions," said Lee. BioSolar's backsheet technology was featured in a January edition of the Technology and Business Journal, as well as Energy Weekly News. 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Matters discussed in this press release contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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