NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Graphene & Solar Technologies, Ltd. announces the acquisition of a Patented Thin-Film Technology development corporation for new thin-film Solar applications and patented 5G EMF network integrity, and a new GSTX developed Air-to-Water Harvester, utilizing a unique solid-state air to water extraction device, which GSTX plans for world-wide distribution. GSTX purchased 120 internationally registered, patented technologies and “thin-film” applications from Cima NanoTech, in Israel.
Following the US $47 million purchase, a new USA subsidiary was formed to hold the assets, “US Thin-Film Corporation (USTC)”. Thin-film solar applications are a recent solar industry innovation which when combined with emerging Nanotech Solar applications have significantly advanced Solar industry technologies. Transparent and flexible seamless, light-weight solar panels will largely replace existing cumbersome, metal-framed solar installations in buildings around the world.
The Water Extraction device is designed to supply clean water for outdoor locations, or an entire household. The unit is capable of being installed in water harvester farms of parallel units. The GSTX proprietary Water Harvester technology system that will operate efficiently on electrical, solar and/or battery power systems, uses an active cooling system utilizing modern, energy-efficient control systems, energy-efficient cooling, and the system is designed to efficiently maximize energy use. A basic Water Harvester Unit sales cost will be US$ 5,000 to US$ 8,000 approximately, with a service life of 10+ years.
U.S. Thin Film Corporation (USTFC) is a US Company, and a 100% owned GSTX subsidiary that now owns the exclusive Intellectual rights to an advanced Patent Portfolio of 120 high-level, internationally registered engineering patents. These were originally developed in Israel but are now entirely owned by GSTX. The patents cover the production of Transparent Conductive Thin Films (TCF).
GSTX is a leading-edge high-tech developer of Renewable Alternative Energy systems. GSTX is the sole owner of the exclusive rights to two rare High Purity Quartz mineral deposits (15 million tons) utilized as feedstock for the manufacture of PV solar cells and all electronics and semiconductor production materials.
All statements in this release that are not strictly historical facts are "forward-looking statements." Forward-looking statements are based on SQTX’s current assumptions, beliefs and expectations, and involve risks, uncertainties and other factors that may cause SQTX’s actual results to be materially different from any results expressed or implied by such forward-looking statements.