SOURCE: BioSolar, Inc.

November 19, 2007 09:05 ET

Record High Oil Prices Illuminate Unique Competitive Advantage for BioSolar's Bioplastic Solar Cell Components, Says CEO in Interview

SANTA CLARITA, CA--(Marketwire - November 19, 2007) - BioSolar™, Inc. (OTCBB: BSRC), developer of a breakthrough technology to produce bioplastic materials from renewable plant sources that reduce the cost of photovoltaic solar cells, today reports that the company's CEO has been interviewed for the CEOcast network. In the interview, BioSolar's CEO, Dr. David Lee, discusses how BioSolar's durable bio-based plastics products are expected to benefit from an increasing competitive advantage in the wake of soaring crude oil prices.

"We can make solar cells truly a green energy source by replacing the petroleum-based components with plastics made from sustainable sources. The higher oil prices go, the more powerful our cost advantage. While we're in this business because we are driven to do the right thing for the planet, we are also driven to build a profitable business," commented Dr. Lee. "This $16 billion industry is growing at nearly 40% per year, and given that our cost advantages become ever more powerful as petroleum prices move higher, we expect to capture market penetration at rates much higher than the industry growth rates."

The interview is available on the company's website at: Click on the "Play Arrow" on the media player.

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

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

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    BioSolar, Inc.
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