SANTA CLARITA, CA -- 08/14/07 --
BioSolar, Inc. (OTCBB: BSRC), developer
of a technology to produce bioplastic materials from renewable plant
sources that will reduce the cost of solar cells, today provides an
insightful in-depth look at the company's plans to develop and market its
unique solar cell backing material. The uniquely engineered bio-based
plastic positions the company in a very advantageous segment of the
industry's value chain. BioSolar's new products will be able to be used as
the backing material for all solar cells, whether manufactured utilizing
industry standard technology, or new "thin film" technologies.
"Today, petroleum-based plastics are used in the production of virtually
all solar cells and modules. However, the cost of these plastics has been
steadily increasing due to rising oil prices, which runs counter to the
industry's effort to further cost reductions to make solar energy
competitive with conventional fossil fuel. Furthermore, petroleum-based
plastics are not environmentally neutral," said Dr. David Lee, president
and CEO, adding, "BioSolar's new tough bioplastic will be able to offer the
durability and environmental characteristics of conventional
petroleum-based plastics, and at the same time helps to reduce the cost of
solar cells."
The new BioSolar website -- www.BioSolar.com -- outlines the company's
development effort on a comprehensive line of bioplastic films and resins
for solar cell manufacturers, based on its bioplastic technology. The
company's product roadmap is designed to align BioSolar with market
opportunities. Whether solar cells are produced using crystalline silicon,
amorphous silicon or other solar technologies, BioSolar can help reduce the
cost per watt through the use of its lower cost bioplastics.
About BioSolar, Inc.
BioSolar, Inc. is developing a breakthrough technology to produce
bioplastic 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 plastics. 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.
Contact:
BioSolar, Inc.
Investor Relations
(877) 904-3733
Email Contact
