Monday March 24, 9:05 am ET
Highlights Favorable Economics of BioSolar's Position in the Solar Energy Industry
SANTA CLARITA, CA--(MARKET WIRE)--Mar 24, 2008 -- BioSolar(TM), Inc. (OTC BB: BSRC.OB), developer of a breakthrough technology to produce bio-based materials from renewable plant sources that reduce the cost of photovoltaic solar cells, reports that the company has been featured in the current edition of "Direct2Product" magazine. Calling itself "the fastlane to tomorrow's suppliers," the magazine article reinforces the company's enhanced standing within the photovoltaic industry as it highlights the favorable economics of BioSolar's position within the booming solar energy industry's manufacturing value chain.
Design2Part Magazine, a national publication for the advanced engineering and manufacturing industry, focuses the March 08 issue on "How Clean Technologies are Driving Manufacturing in New Directions." The edition covers the many ways that the CleanTech revolution is changing the way business is done in nearly all sectors of the economy. In an article entitled "Tight Silicon Supply Creates Opportunity for Component Suppliers in Solar Power Industry" the reporter notes that while the solar cell industry is experiencing rapid growth fueled by long term demand, shortages in certain raw materials are putting a squeeze on profits which is forcing the major manufacturers to closely examine how they can cut expenses in all phases of the manufacturing process.
The article notes that the company believes this combination of factors should create a strong sales opportunity for BioSolar's "BioBacksheet," as this product is anticipated to significantly reduce costs for the backsheet component of the solar cell over products currently being used in the industry.
The article can be read in its entirety in the March 2008 Western Edition of Design2Part magazine.
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.
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