Market Overview

Solar3D Sets World Record for Silicon Solar Cell

SANTA BARBARA, Calif.--(BUSINESS WIRE)--

Solar3D, Inc. (OTCBB: SLTD), the developer of a breakthrough 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity, has performed a series of tests of its new silicon solar cell design that projects the efficiency to be 25.47%, dramatically higher than current technology.

“Our recent tests involve a larger design that contains multiple micro 3D photovoltaic structures that will make up a complete Solar3D cell. The results have exceeded our expectations,” said Jim Nelson, President and CEO of Solar3D. “If the results of the simulations hold up in fabrication, as we expect, our cell's performance will be the highest conversion efficiency achieved in silicon solar cells.”

The company's innovative solar cell technology utilizes a 3-dimensional design, with increased cell surface area, to permit each solar cell to extract the maximum energy possible out of incident sunlight. Solar3D's management believes that this breakthrough solar cell design will dramatically change the economics of solar energy.

Nelson continued, “Our objective has always been to change the world by providing affordable solar power. At this level of conversion efficiency and expected manufacturing cost, we intend to do just that.”

Solar3D completed the design of its new innovation, the 3-dimensional solar cell, several weeks ago. As the Company nears the completion of its prototype, management will seek a fabrication partner, most likely in the semiconductor industry, who will participate in bringing the product to market.

“It will be continuing increases in solar cell efficiency, along with decreases in manufacturing costs, that will drive solar electricity to economic parity with current methods of power generation,” said Nelson. “With the efficiency that comes from our new design, we take a giant step in that direction.”

About Solar3D, Inc.

Solar3D, Inc. is developing a breakthrough 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity. Up to 30% of incident sunlight is currently reflected off the surface of conventional solar cells, and more is lost inside the solar cell materials. Inspired by light management techniques used in fiber optic devices, our innovative solar cell technology utilizes a 3-dimensional design to trap sunlight inside micro-photovoltaic structures where photons bounce around until they are converted into electrons. This next generation solar cell will be dramatically more efficient, resulting in a lower cost per watt that will make solar power affordable for the world. To learn more about Solar3D, please visit our website at http://www.Solar3D.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.

Beckerman
Jerry Schranz, 201-465-8020
jschranz@beckermanpr.com

 

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