Monday February 11, 9:05 am ET
SANTA CLARITA, CA--(MARKET WIRE)--Feb 11, 2008 -- BioSolar(TM), Inc. (OTC BB: BSRC.OB), developer of a breakthrough technology to produce biobased materials from renewable plant sources that reduce the cost of photovoltaic solar cells, today announces a significant expansion of its research and development (R&D) capabilities and facilities. The new testing equipment and lab facilities are expected to accelerate BioSolar's time to market, and to shorten the time for development of new generation products being brought to market.
BioSolar and its strategic partner, SBM Solar, have agreed to jointly purchase and maintain a new generation of testing equipment, and to also lease additional space for an expanding R&D program.
Dr. Stan Levy, BioSolar's Chief Technology Officer, said, "The equipment being acquired under the agreement includes computer controlled test ovens that are designed to run durability testing as outlined in the Underwriters Laboratories (UL) 1703 protocol. One is the damp heat test, and the other is the humidity freeze test. These are among the most severe tests in UL 1703."
To house the equipment and provide a facility for the test operators, BioSolar and SBM Solar have agreed to lease additional laboratory and storage space immediately adjacent to SBM's facility. The newly expanded laboratory has space designated for the new test equipment and other apparatus for the testing of adhesion properties and for measuring various performance parameters on photovoltaic (PV) modules incorporating BioSolar's future PV components.
About BioSolar, Inc.
BioSolar, Inc. is developing 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.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment