March 26, 2008 07:00 ET

Solarmer Energy, a Rising Organic Solar Cell R&D Company, Announces Appointment of Vice President of IP Development and Strategic Alliances

EL MONTE, CA--(Marketwire - March 26, 2008) - Solarmer Energy, Inc., a developer of flexible, translucent plastic solar cells, today announced that Dina Lozofsky has joined the company as the Vice President of Intellectual Property Development and Strategic Alliances. Ms. Lozofsky joins Solarmer with more than 10 years experience in intellectual property (IP) management and in leveraging IP to structure strategic alliances for both companies and universities.

This addition to Solarmer's management team comes as Solarmer transitions into the fully operational R&D phase of its growth. The company's near term goal is to demonstrate a commercial grade prototype of its proprietary technology in 18 months. This prototype will demonstrate 8% efficiency and 3+ years lifetime in a solar cell that is at least 50 sq. centimeters.

"We have spent the last 12 months growing the company's product development team and developing our technology roadmap. It is time to ensure that there is full time stewardship of the important IP portfolio we have been developing," said Woolas Hsieh, founder and President of Solarmer.

Ms. Lozofsky will also be responsible for developing strategic partnerships for the company. These partnerships will be crucial to providing Solarmer with certain key technologies and product development support that, when combined with the company's core competency in device engineering, will result in a shorter time to market.

"Dina's expertise in IP and building relationships around IP will round out the operational, managerial, and manufacturing expertise of the current team," stated Edward Chen, CEO of Solarmer. "We are looking forward to working with her to take the company to the next stage."

Ms. Lozofsky received her BSc in Aerospace Engineering from MIT, her MBA from USC's Marshall School of Business and is a registered Patent Agent. Prior to joining Solarmer, she was the Director of Technology Commercialization at the California NanoSystems Institute at UCLA and an Associate Vice President in the Semiconductors & Optoelectronics Group at BTG International, whose mission was to develop and commercialize innovative technologies invented at universities, national labs, and corporations.

About Solarmer Energy, Inc.

Solarmer Energy, Inc., which was founded in 2006 to commercialize technology developed at UCLA, is a developer of flexible, translucent plastic solar cells which generate low-cost, clean energy from the sun. With its unique expertise in device engineering, Solarmer Energy is poised to consistently provide efficiency improvements to any new plastic photovoltaic material. The company is leveraging its partnerships on both sides of the supply chain for successful deployment of this technology. Solarmer is working in collaboration with scientists at UCLA to develop the next generation of technologies essential to this field and is preparing to exploit its partnership with Amrel to launch its first products into the market.