SANTA BARBARA, CA--(Marketwire - Jan 31, 2012) - Solar3D, Inc. (
"Our 3-dimensional solar technology is ideal for applications such as rooftops in the town of Acushnet," said Jim Nelson, President and CEO of Solar3D. "The township is planning to install solar on the rooftop of schools and potential other government buildings. Virtually all rooftop applications are space constrained and this one is no different. Our objective is to compare the economics of our new high efficiency 3-dimensional solar cell to both the current grid, and to conventional solar technology."
The Acushnet project will be the first in a series of studies to be conducted by Solar3D to more fully understand how the total cost of ownership (TCO) of a solar system can be reduced by the company's highly efficient solar cell. Solar3D's solar cell is projected to produce higher power density in a smaller space, which in turn reduces all of the costs of associated support components. Smaller panels and frames, less support structure, less weight per watt, and less land or building space will be used to build high power solar systems.
"We are very pleased to be able to study the benefits of Solar3D's advanced technology in our town," said John Roy, Vice Chair of Acushnet's Alternative Energy Committee. "We are serious about our future alternative energy development and with breakthrough technology, such as the new 3-dimensional solar cell, I believe that we will realize the advantages we have been anticipating -- economically, operationally and environmentally."
Nelson concluded, "The market for applications, such as the one in Acushnet, represent a massive opportunity for the solar industry including new jobs, billions of dollars of sales, and over time, billions of dollars of customer savings."
The company has received numerous inquiries from prospective partners and customers and is initiating business development efforts to establish Solar3D cells in the marketplace.
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.
Contact Information:
Press Contact:
James Nelson
805/690-9000