Sept. 15, 2010 10:05 UTC

BioSolar Among Companies Leading The “Greening of the Solar Industry,” According to Recent News Article in Solar Novus

SANTA CLARITA, Calif.--(BUSINESS WIRE)-- BioSolar, Inc. (OTCBB:BSRC), developer of a breakthrough technology to produce bio-based materials from renewable plant sources that reduce the cost of photovoltaic (PV) solar modules, was featured in an August 31 Solar Novus article. Solar Novus Media Today, the article’s publisher, is a leading eco-friendly on-line publishing company covering the solar markets, products, and technologies relating to today’s solar energy industry.

The Solar Novus article states, “To truly clean and green the solar industry, every material and every manufacturing process must be sustainable,” and also points out “the manufacturing of traditional silicon-based solar panels may present health and environmental hazards.”

According to the article, an important step outlined by the Silicon Valley Toxics Coalition (SVTC) in its January 2009 report “Toward a Just and Sustainable Solar Industry,” was for solar manufacturers to move away from environmentally hazardous materials.

The same Solar Novus article says “recent governmental regulations and heightened sustainability concern among businesses are giving rise to a new consciousness” and touts BioSolar’s “technology that produces bio-based materials from renewable plant sources for use in photovoltaic panels,” as a step in the right direction, adding “by using plant-based polymers, solar manufacturers can eliminate petroleum-based plastic PV components… the intent of the BioSolar approach was not only to make solar panels more environmentally safe, but also to lower costs.”

“Regardless of how green the components are, it is imperative for PV module manufacturers to be guaranteed long term reliability for each component. To ensure long term reliability, which translates to demand for stricter product specifications and longer adoption cycles, BioSolar engages PV manufacturers to ensure customized quality through the joint development of individual internal testing requirements suited to each manufacturer - a process we will continue over the coming months,” said Dr. David Lee, the company’s CEO.

Higher production volumes in the solar PV industry have magnified the financial consequences of premature PV module component failure for manufacturers, translating into tighter regulations on the components that are used in the construction of a complete PV module. “While some PV module component manufacturers may find the additional requirements to be problematic, it is providing us with opportunities to excel,” said Dr. Stanley Levy, the company’s CTO.

“Stringent testing often increases the timeframe for the adoption of a new component, but BioSolar is making measurable progress toward widespread PV industry acceptance. Due to the nature of time it takes to adopt new components, most PV module manufacturers are looking for components to meet not just the current requirements, but additional future requirements potentially to be imposed for PV module certification under the Underwriters Laboratories (UL) or the International Electrotechnical Commission (IEC) standards. We anticipate that our BioBacksheet, in its current form, will satisfy all future requirements that existing backsheets may not, another competitive advantage in addition to lower cost,” said Levy.

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 Company.

Source: BioSolar, Inc.

View this news release online at:
http://www.businesswire.com/news/home/20100915005511/en