OMVS Signs Co-Development Agreement for Printable Solar Technology

TAMPA, Fla.--()--On the Move Systems (OTCQB:OMVS) announced today that the company signed an agreement with Texas Southern University (TSU) to co-develop a next-generation printable solar panel. OMVS aims to capitalize on the rapid growth of the solar energy sector by developing the technology to affordably print solar panels using inkjet technology and new materials.

“We are making this dynamic move into cutting-edge solar technology development because we believe that solar power is about to go from being a peripheral player to the central driver of growth in America’s energy security,” said OMVS CEO Patrick Brown. “Solar adoption rates have been slowed by high costs. New solar innovations hold the potential to reduce technology costs dramatically, and this agreement with TSU will put OMVS on the ground floor of the renewable energy revolution.”

OMVS is exploring solar technology development in the wake of record industry growth in the U.S. The domestic solar industry experienced a 67-percent rise in market share from $3.6 billion in 2009 to more than $6 billion in 2010, according to a recent report by the Solar Energy Industries Association (SEIA) and GTM Research. 82 percent of the domestic value created by solar in the U.S. came from the photovoltaic (PV) sector.

“Demand for better, more efficient solar technologies is at an all-time high and growing,” Brown said. “We believe revolutionary new application techniques for solar power-generating materials, such as printing, spraying and silk screening, are the key to making clean, efficient energy affordable to all. By developing innovative solar materials in collaboration with TSU, OMVS will position itself to capitalize on the enormous worldwide interest in practical green-energy solutions.”

Engineers at MIT, Oregon State University and elsewhere are already experimenting with revolutionary “inks” containing elements capable of being sprayed on a variety of surfaces in precise patterns to create solar cells. The technology holds the potential to eliminate the need for expensive silicon panels, resulting in rapidly produced, high-performing, low-cost solar electronics.

According to the agreement, TSU will take responsibility for the design, testing, assembly and revision of innovative solar materials, printer heads, base materials and commercial applications, while OMVS will provide the necessary funding. The university named Dr. Bobby L. Wilson, L. Lloyd Woods Distinguished Professor of Chemistry and Shell Oil Endowed Chair of Environmental Toxicology, as the project’s principle investigator.

To learn more about On the Move Systems’ innovative solar energy initiatives, please visit http://www.omvssolar.com/investors.html.

About On the Move Systems, Inc.

On the Move Systems, Inc. (OTCQB:OMVS) is focused on the development of cutting-edge solar technology in coordination with a Texas university. With the company’s expertise in the automotive aftermarket electronics sector opening doors to new opportunities in the multi-billion-dollar solar power industry, OMVS has elected to launch a major solar initiative aimed at developing new technologies designed to help satisfy increasing global demand for practical, affordable green energy solutions. For more information, please visit our website at http://www.OMVSsolar.com. For investing info and performance data on OMVS, please visit http://www.OMVSsolar.com/investors.html.

Notice Regarding Forward-Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

Contacts

On the Move Systems, Inc.
Patrick Brown, 813-367-9511
President and CEO
info@onthemovesystems.com

Release Summary

OMVS Signs Co-Development Agreement for Printable Solar Technology

Contacts

On the Move Systems, Inc.
Patrick Brown, 813-367-9511
President and CEO
info@onthemovesystems.com