SOURCE: BioSolar, Inc.

October 30, 2007 09:05 ET

BioSolar Presenting at RedChip SmallCap Conference

Will Discuss Successful Prototype of Bio-Based Photovoltaic Backsheet and Strategic Positioning for Rapid Market Penetration

SANTA CLARITA, CA--(Marketwire - October 30, 2007) - BioSolar™, Inc. (OTCBB: BSRC), developer of a breakthrough technology to produce bioplastic materials from renewable plant sources that reduces the cost of photovoltaic solar cells, today announced that the company has accepted an invitation to speak at the RedChip SmallCap Investor Conference in Orlando, FL this coming Saturday, November 3rd, 2007, at 11:25 AM.

Commenting on his upcoming presentation, Dr. David Lee, the company's CEO, noted that as oil prices continue their record breaking rise, and as other key commodities used in the manufacture of solar cells become scarcer, profit pressures on photovoltaic manufacturers are forcing them to rapidly adopt new technologies and materials to bolster their profits.

"We are seeing this combination of factors in the industry drive the solar cell manufacturers to be much more creative as they seek out other ways of reducing the overall cost of the finished product," said Dr. Lee. "BioSolar has developed a bio-based plastic material for the backsheet component of the solar cell that represents a huge cost saving -- indications are that it's as much as 50% savings over the current pricing of petroleum-based plastics currently being used."

BioSolar's presentation will be at 11:25 AM and the company's executives will be available to meet with investors in a one-on-one situation throughout the rest of the day. The RedChip Small Cap Conference will be held at the Hyatt Regency Grand Cypress Hotel located at One Grand Cypress Blvd in Orlando.

A live web cast of the presentation will be accessible at http://www.redchip.com. The conference is free for private investors, fund-managers, retail brokers, and analysts. Register online at http://www.redchip.com.

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 Information

  • Contact:
    BioSolar, Inc.
    Investor Relations
    (877) 904-3733
    Email Contact