Solar3D Makes Rapid Progress on Technology Development

Breakthrough 3-Dimensional Solar Cell Technology Ahead of Schedule

SANTA BARBARA, Calif.--()--Solar3D, Inc. (OTCBB: SLTD), the developer of a breakthrough 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity, announced today that its technology development is ahead of schedule.

Inspired by light management techniques used in fiber optic devices, the company’s 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. Solar3D’s management believes that this breakthrough solar cell design will dramatically change the economics of solar energy.

Jim Nelson, CEO of Solar3D, said, “Our fast progress has pushed us past the primary design and simulation phase onto fabrication research and planning activities. Our team is spending more time in the lab and clean room preparing for the actual building of a prototype. We are quite excited about our breakthroughs and the speed of our progress.

Key elements of the progress include the following elements:

1.   Completed the design of the optical Light Collector element that funnels light into the light trapping 3D micro-photovoltaic element.
2. The engineers are now close to completing the design of a complete prototype cell that will allow us to calculate the overall conversion efficiency.
3. Orders are being placed for items required in the manufacturing process, such as etching masks and materials. We believe our design for manufacturability using existing high-speed semiconductor processes will be the key to the affordable mass production of Solar3D cells.

Nelson continued, “Our effort is focused on completing the prototype so that we can initiate conversations with a fabrication partner in the semiconductor business. We have made substantial preparation to begin those discussions. We are getting closer and closer to making our superefficient 3-dimensional silicon solar cell a reality.”

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.

Contacts

Beckerman
Jerry Schranz
jschranz@beckermanpr.com
201-465-8020

Sharing

Contacts

Beckerman
Jerry Schranz
jschranz@beckermanpr.com
201-465-8020