Monday June 16, 6:05 am ET
Agreement with Top-Tier Manufacturer Marks Company's Transition from Development Stage to Manufacturing and Sales of Bio-based Solar Cell Backsheet Component
SANTA CLARITA, Calif.--(BUSINESS WIRE)--BioSolar, 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, today announced it has selected Connecticut-based Rowland Technologies, Inc., a leading manufacturer of plastic film and sheet, as its manufacturing partner for full-scale production of the company?s flagship BioBacksheet? solar cell component.
?After an exhaustive selection process it was evident that Rowland Technologies was uniquely positioned to meet our requirements,? said Dr. David Lee, BioSolar?s CEO. ?Specifically, Rowland Technologies? expertise in sophisticated extrusion manufacturing and their highly-regarded custom manufacturing capabilities, coupled with our shared commitment to being both environmentally aware and yet economically feasible, allowed us to achieve the common goal of delivering the highest quality product to our customers.?
Dr. Stan Levy, BioSolar?s chief technology officer, who spearheaded the selection process, noted that ?Rowland Technologies? high-performance products are recognized throughout the industry for their consistency and reliability. In addition to their own film products which include RowTec? polycarbonate film, SolaTuf? impact modified acrylic film, ROWLARTM photovoltaic glazing film, and Rowlux? illusion film, Rowland Technologies makes available their highly experienced Research & Development team for custom extrusion projects. This team, working with their state of the art equipment, makes Rowland a prudent choice for the manufacture of BioSolar?s BioBacksheet product.?
Commenting further on the company?s growth from an early development stage company to a manufacturing company, Dr. Lee said, ?I want to emphasize the challenging and time consuming nature of transitioning into manufacturing. We are implementing our internal quality control and measurement standards, developing the logistics for shipping and handling product and building up our marketing and sales infrastructure. This has been an exciting and sometimes exhausting endeavor, but with quality partners like Rowland Technologies, I firmly believe we are on track to achieve commercial success.?
In a related development that emphasizes the high level of industry interest in the groundbreaking nature of the BioBacksheet product, the company also notes that Dr. Levy is to deliver a key oral presentation at the SPIE Symposium on Solar Applications and Energy in August of this year. This forum will allow Dr. Levy to discuss in detail the various scientific breakthroughs underlying the company?s BioBacksheet? product.
SPIE Optics+Photonics is the largest optical sciences and technology meeting in North America. The Solar Energy + Applications track of the conference is dedicated to finding ways to move toward secure, affordable, and environmentally sustainable energy to meet the world?s accelerating energy needs.
About Rowland Technologies, Inc.
Rowland Technologies, Inc., located in Wallingford, CT, is a specialty extruder of high quality film and sheet. Rowland provides leading-edge solutions for a wide range of applications worldwide, including the photovoltaic and solar cell industry. As a premier supplier and contract manufacturer, Rowland?s products deliver the clarity, consistency and reliability demanded by today?s exacting standards. To learn more about Rowland Technologies, please visit the company?s website at www.rowtec.com.
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.RowTec?, SolaTuf?, ROWLARTM, and Rowlux? are copyrights and registered trademarks of Rowland Technologies, Inc., and are used here by permission.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Maitland, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
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