March 24, 2008 09:05 ET
BioSolar in the News as Clean Technology Industries Gain Prominence Within the Economy
Highlights Favorable Economics of BioSolar's Position in the Solar Energy Industry
SANTA CLARITA, CA--(Marketwire - March 24, 2008) - BioSolar™, Inc. (OTCBB: BSRC),
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
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