Archive for the ‘BioSolar Inc. BSRC’ Category

BioSolar, Inc. (BSRC.OB) Offers Eco-Friendly Solar Components, Emphasizes Solar Industry Growth on Strength of Falling Costs

Monday, December 7th, 2009

BioSolar Inc. CEO Dr. David Lee addressed the analysis of New Energy Finance today, Dec. 7, which stated that solar energy would see a 50% reduction in cost per kilowatt hour (kWh) through 2009. Lee, citing the report, noted that this represented the “largest cost reduction in its (solar) history”.

Lee went on to acknowledge the leadership role solar technology has played as an “economic and environmental” growth factor for the entire “green” industry. Lee also noted that if the industry “wanted to continue growing”, it would need to plan ahead and avoid the pitfalls of the microelectronics industry, which is dealing with an “ongoing legacy of toxic electronic waste”.

Lee asserted that the petroleum dependency of solar manufacturing constituted a serious challenge and involved a “surprising number of toxic chemicals”. Lee stressed the need for the photovoltaic (PV) industry to “get serious about life-cycles of all the materials that go into PV panels”, and emphasized a broad-spectrum approach encompassing the entire production chain from “mining to manufacturing to recycling to disposal”.

Lee cited a recent Design News article about low-cost bioplastics emerging into the PV industry as a component for solar cells, highlighting BSRC’s eco-friendly bio-based BioBacksheet-C solar cell component. Concerns remain in the industry about the toxicity of polyvinyl fluoride (PVF) films which account for 70% of solar cells today. Bio-based backsheets, such as those offered by BSRC, represent a solution to this glaring problem.

The Design News article points out the dangers of solvents such as dimethyl acetamide (DMAC), which is found in Tedlar®, a solvent-cast nearly ubiquitous in PV cells and aircraft interiors.

BSRC’s Chief Technical Officer, Dr. Stan Levy, spent 27 years developing many of DuPont’s industry-leading coatings such as Teflon® and Mylar®, and represents a source of council within the PV industry on the subject of manufacturing and recycling fluoropolymers such as Tedlar®.

Levy elaborated on the dangers of some of the polymers, adding that “some polymers do not burn. Fluorocarbons such as TFE, PFA, and FEP need an atmosphere of at least 90% oxygen to ignite.” Levy recommends landfilling these materials due to their high decomposition temperature, which makes them “potentially extremely hazardous”.

Analysis by renowned legal firm Norton Rose confirmed the rosy outlook for investors in BSRC, and the strength of its bio-based back sheet. Such components, based on renewable resources, will “allow c-Si cells to be truly green for the first time, on a back sheet which is not indexed to the cost of crude oil”. This latter will also reduce costs, according to Norton Rose.

BSRC intends to lead the charge toward sustainable PV cells with its BioBacksheet™-C, and is in pre-production on two more types of bio-based backsheet.

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BioSolar, Inc. (BSRC.OB) is Generating Media Buzz with Launch of Production Plans for its BioBacksheet™ Technology

Monday, November 24th, 2008

BioSolar, Inc. (OTC BB: BSRC) is currently developing a breakthrough technology to produce bio-based materials from renewable plant sources to reduce the cost per watt of solar cells. The company recently announced that it is preparing for pre-production of its anticipated BioBacksheet™, a protective covering for photovoltaic solar cells made from renewable plant sources, rather than the expensive petroleum-based film currently in use.

The pre-production announcement has fueled interest from solar cell manufacturers and the media, including California Energy Circuit and PV Tech. In fact, RenewableEnergyWorld.com recently released an article from Beacon Equity Research analyst Victor Sula that stated, “BioSolar’s material has durability characteristics similar to conventional petroleum-based plastics” and noted that previous attempts to make a backsheet with bio-plastics were unsuccessful due to the material’s “low melting temperature and fragile molecular structure.”

The chief executive officer of BioSolar, Inc., Dr. David Lee, commented, “BioSolar has significantly expanded its activity recently, and we are excited that our new developments and continued progress have not only generated interest from partners, manufacturers and analysts, but have brought our BioBacksheet™ to the forefront of the media’s attention as well.” Dr. Lee is scheduled to appear on Grok’s Science Radio Show on Wednesday, November 26, 2008 to discuss his company’s breakthrough technology.

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BioSolar, Inc. (BSRC.OB) Starts Pre-Production Process of BioBacksheet™

Friday, November 14th, 2008

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. Imagine a totally green solar panel with materials derived from cotton and castor beans.

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 components. The company expects to begin commercial production of its BioBacksheet(TM) over the next few months and is gearing up for pre-production runs. The backsheet is a protective covering, traditionally made from petroleum-based film, used in the back of virtually all photovoltaic solar cells.

There are primarily two kinds of solar cells in the market today: traditional crystalline silicon (c-Si) and thin film solar cells. While thin film technology promises lower cost and more efficient manufacturing, it still represents a very small part of the solar cell market. Traditional c-Si solar cells command 94% of the market today while thin film and other non-c-Si solar cells are projected to grow to only 8% by 2010.

Beacon Equity Research analyst Victor Sula noted that previous attempts to make solar backsheet with bioplastics failed due to the material’s “low melting temperature and fragile molecular structure.” He noted that BioSolar’s material has “overcome these constraints” with “durability characteristics similar to conventional petroleum-based plastics.”

“The ability to evaluate and remedy real-time issues encountered during multiple pre-production manufacturing runs will prove invaluable as we gear up for full-scale production,” said Dr. David Lee, BioSolar’s CEO. “Pre-production pilot runs of BioBacksheets are very narrow, approximately one foot wide, while normal manufacturing runs will be five or six feet wide. Once pilot runs are successful, the next step is to transition to commercial production manufacturing runs.”

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BioSolar, Inc. (BSRC.OB) Continues its Move toward Full-Scale Commercial Production

Tuesday, November 11th, 2008

BioSolar, Inc. has developed a breakthrough technology to produce bio-based materials from renewable plant sources, effectively reducing 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 components. By removing petroleum from solar cells, BioSolar makes solar energy a true green source of energy. The company expects to begin commercial production of its BioBacksheet(TM) over the next few months and is gearing up for pre-production runs.

There are primarily two kinds of solar cells in the market today: traditional crystalline silicon (c-Si) and thin film solar cells. While thin film technology promises lower cost and more efficient manufacturing, it still represents a very small part of the solar cell market. Traditional c-Si solar cells command 94% of the market today while thin film and other non-c-Si solar cells are projected to grow to only 8% by 2010. Beacon Equity Research analyst Victor Sula noted that previous attempts to make solar backsheet with bioplastics failed due to the material’s “low melting temperature and fragile molecular structure.” He noted that BioSolar’s material has “overcome these constraints” with “durability characteristics similar to conventional petroleum-based plastics.”

“The ability to evaluate and remedy real-time issues encountered during multiple pre-production manufacturing runs will prove invaluable as we gear up for full-scale production,” said Dr. David Lee, BioSolar’s CEO. “Pre-production pilot runs of BioBacksheets are very narrow, approximately one foot wide, while normal manufacturing runs will be five or six feet wide. Once pilot runs are successful, the next step is to transition to commercial production manufacturing runs.”

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BioSolar, Inc (BSRC.OB) Files Patent for its Environmentally-Friendly Solar Cell Component

Friday, October 24th, 2008

BioSolar, Inc. (BSRC.OB) is pleased to announce that earlier this week it filed a patent application to protect the unique inventions and processes behind its proprietary bio-based backsheet. The extensive patent application is expected to provide BioSolar full protection of its new BioBacksheet™ technology. BioSolar’s backsheet, which is a protective covering placed on the back of photovoltaic solar cells, is made from renewable plant sources that reduce the cost per watt on solar cells. Most silicon-based solar-cell manufacturers today rely on costly traditional backsheets, like the Tedlar® by DuPont, that are petroleum-based.

“As the solar industry aims to make the world a greener place, the reality is that making solar cells currently relies on the use of petroleum based-products,” stated David Lee, CEO of BioSolar. “The goal of solar is to provide power while reducing our dependence on the world’s petroleum supply and the use of petro-based chemicals in the manufacturing process of green energy presents a fundamental contradiction. Plus, our technology will reduce the final cost per watt of solar electricity by allowing manufacturers to lower the cost of their finished product without being impacted by the volatile cost of petroleum.”

BioSolar has been on a mission to identify sustainable resources to create more cost-effective and environmentally-friendly photovoltaic backsheets. Over the last 18 months, the company was able to create an initial film made from cotton with additives and coatings. It then added a castor bean derived nylon material into the mixture to finally produce its unique backsheet film. The company’s gritty determination and focus has resulted in the submission of the patent application for its BioBacksheet™, a cellulosic plastic equivalent to the traditional films.

“We expect this breakthrough product to be rapidly accepted as the standard for the backsheet component of both traditional and certain thin-film photovoltaic modules,” stated Lee. “Patent filing and protection of our intellectual property is an important milestone as we continue our transition into full-scale production with our contract manufacturing partner, Rowland Technologies, Inc.”

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BioSolar Inc. (BSRC.OB) Expects Federal Tax Package to Benefit Solar Industry

Monday, October 13th, 2008

BioSolar Inc. (BSRC.OB) has developed a breakthrough technology to produce bio-based materials from renewable plant sources that will reduce the cost per watt of solar cells. Through the advanced manipulation of bio-based polymers, the company intends to produce bio-based components that meet the stringent thermal and durability requirements of current solar cell manufacturing processes.

BioSolar is the first company to introduce a new type of cost reduction for the solar industry by replacing petroleum-based plastic solar cell components with durable bio-based components. By removing petroleum-based components entirely from solar cells, the company makes solar energy a true green source of energy.

BioSolar recently stated that it anticipates unprecedented growth and benefits for the solar industry thanks to the recent passage of federal legislation. As part of the Emergency Economic Stabilization Act of 2008, the federal government provided an eight year extension of solar energy tax incentives. This measure should give the solar industry much-needed stability.

The Solar Energy Power Association expects this legislation to create more than 440,000 jobs and generate at least $325 billion in private investment. BioSolar CEO Dr. David Lee said, “By passing this important piece of legislation, Congress is encouraging the growth of renewable energy and the companies across the country, like BioSolar, that support it.”

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BioSolar Inc. (BSRC.OB) Discovers Technique to Reduce Cost of its Bio-Based Solar Cell

Tuesday, September 30th, 2008

BioSolar Inc. (BSRC.OB) is a company that has developed a breakthrough technology to produce bio-based materials from renewable plant sources, such as cotton and castor beans, which in turn reduces the cost per watt of solar cells. Most of the solar industry is focused on photovoltaic efficiency to reduce costs.

BioSolar is the first company to reduce costs of solar cells by replacing petroleum-based plastic solar cell components with durable bio-based components. Through the advanced manipulation of bio-based polymers, the company is able to produce robust, bio-based components that meet the stringent thermal and durability requirements of current solar cell manufacturing processes.

BioSolar announced today that the company has developed a new technique to further reduce the cost of its bio-based solar cell component called BioBacksheet. The company’s BioBacksheet product is currently being readied for production and is expected to deliver a 25% reduction in cost when compared to petroleum-based components.

BioSolar has also recently developed a new material configuration and manufacturing technique to produce a version of BioBacksheet that can potentially deliver a 50% reduction in cost. A patent application has been filed for this new invention.

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RedChip Featured Company: BioSolar, Inc. (BSRC.OB)

Saturday, August 16th, 2008

BioSolar, Inc. (BSRC.OB) develops innovative bioplastic solar cell components made from renewable plant sources. The company was incorporated in April 2006 as BioSolar Labs, Inc. and changed to its current name in June 2006.

The Company’s solar cell technology helps reduce the per watt manufacturing costs of solar cells. The company is expecting to save on costs for manufacturers through the use of its bio-based plastics in solar cell production. Manufacturing of solar cells using bio-based rather than petroleum-based components has increased in volume and will produce both cost savings and environmental benefits.

BioSolar’s position within the investment community increased in 2007 and its stock has improved in trading volume and liquidity. Toward the end of 2007, the company announced its ability to complete a scale-up production run of bio-based plastic film. The company’s success in scaling production moves the company closer to mass production and commercial sales.

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Record-High Petroleum Prices Create Opportunity for BioSolar Inc. (BSRC.OB)

Tuesday, July 8th, 2008

BioSolar, Inc. (BSRC.OB), the developer of a breakthrough technology to produce bio-based materials from renewable plant sources that will reduce the cost per watt of solar cells, recently reported that surging oil prices have generated significant price increases in photovoltaic solar module manufacturing. This is creating a considerable opportunity for BioSolar’s proprietary technology, which dramatically reduces the cost of solar modules by replacing traditional and expensive petroleum-based components with bio-based materials derived from renewable plant sources.

Currently, the majority of the solar industry is focused on improving photovoltaic efficiency to reduce costs. In addition, solar cell demand is expected to continue to exceed supply for the next five to 10 years, creating an expanding market for BioSolar’s bio-based materials. The immediate business opportunity for BioSolar is in supplying the industry’s first low-cost, bio-based backsheets for solar cell systems.

BioSolar is currently in the process of commencing full-scale production of its core BioBacksheet™ product in a 60,000-square foot, state-of-the-art facility. The annual market for plastic components and layers exceeds $1 billion and is growing rapidly. It is estimated that the market for backsheet products alone is currently at $300 million. BioSolar is well positioned to capture market share by leveraging the significant savings associated with replacing existing backsheets with BioSolar materials, which can reduce costs by more than 50 percent.

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BioSolar Inc. (BSRC.OB) Introduces New “Bio-plastic” for Assessment by Industry in General and the Solar Market in Particular

Thursday, June 12th, 2008

Reaching for cost advantages in one industry can often lead to advantages in another. In many instances, when these advantages are found, an entirely new paradigm is formed for new products and potential industry bases. Finding these new product and industry bases is the way to be in on the proverbial “ground floor” of extreme profits.

BioSolar Inc., a solar-cell module component material manufacturer, is currently introducing plant-based bio “plastic” materials to solar module manufacturers for assessment. The company’s products are said to meet all durability requirements and offer significantly lower costs then current petroleum-based components.

The company’s product line is not limited to solar applications, although it has chosen the solar module application as its market of choice. Bio-based “plastic” materials are a large breakthrough for many applications that use plastic parts, as they apparently offer cost benefits while maintaining required tolerances. As petroleum prices continue to flirt with record levels, this particular breakthrough will ultimately reap large rewards for BioSolar. But, until the company can make progress through establishing a beachhead within a particular market to demonstrate its breakthrough, other markets will wait.

In a certain sense, the company’s introduction of its product into the module aspect of solar manufacturing is a good first step. The application requires close attention to cost issues while providing tolerances as they relate to heat and molecular degradation. The product currently meets specifications for the solar cell backing, substrate, and super substrate, where all the heat and bio-issues take place.

Additionally, it should be mentioned that the company is not just offering this breakthrough in these thin-film applications. It is also working with the resin and other associated components of the process for introduction elsewhere. The company has found a way to participate in the green marketplace with a truly green product.

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BioSolar, Inc. (BSRC.OB) Dr. Stan Levy to Present at the SPIE Symposium on Solar Applications and Energy Conference

Tuesday, May 20th, 2008

Chief Technology Officer, Dr. Stan Levy of BioSolar, is scheduled to speak at the SPIE Symposium on Solar Applications and Energy conference, an international membership society which serves the science and engineering industry, on Tuesday, August 12, 2008 in San Diego, CA.

Findings from the company’s technology development program will be presented by Dr. Levy, who led the BioSolar’s breakthrough photovoltaic cell component, the BioBacksheet™. Dr. Levy will speak to thousands of engineers and researchers gathered for the SPIE symposium, which is the largest optical science and technology meeting in North America.

BioBacksheet™ has samples that were delivered to a select group of solar cell manufacturers in multiple region of the country. BioSolar has received frequent requests for analysis samples from high-volume manufactures located in the US and overseas.

Dr. David Lee, CEO of BioSolar™ said, “Dr. Levy has spearheaded our technology development efforts, and in a highly efficient fashion, delivered a uniquely sophisticated product that has stimulated interest on the part of a significant number of major solar cell manufacturers. The submissions panel at the SPIE Symposium on Solar Applications and Energy recognizes the unique nature of our new product and has asked Dr. Levy to deliver an oral presentation, rather than the more common poster presentation. This forum will allow Dr. Levy to discuss in detail the various scientific breakthroughs underlying our BioBacksheet(TM).”

Dr. David Lee continued to say, “The high level of industry interest in our new product and Dr. Levy’s invitation to speak at SPIE are tributes to the significance of his contributions to BioSolar and our shareholders.”

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OTCPicks.com Highlights BioSolar Inc. (BSRC.OB)

Monday, April 28th, 2008

BioSolar Inc. (BSRC) is the first company to introduce a new dimension of cost reduction by replacing oil-based plastic solar components with durable bio-based components. BioSolar has developed a breakthrough technology to produce bio-based materials from renewable plant sources that reduce the cost per watt of solar cells. Most of the solar industry is currently focused on photovoltaic efficiency to reduce cost.

Through the advanced manipulation of bio-based polymers, BioSolar intends to produce robust, bio-based components that meet the stringent thermal and durability requirements of current solar cell manufacturing processes. Whether solar cells are produced using crystalline silicon, amorphous silicon or other solar technologies, BioSolar can help reduce the cost per watt through the use of its lower cost bio-based materials. By removing petroleum-based products from solar cells, BioSolar makes solar energy a true green source of energy.

With oil flirting with the $120-per-barrel mark, rapid economic growth in the emerging markets, and concerns over global warming, solar energy becomes a much more viable alternative. This is particularly true for the generation of electricity around the globe. The demand for solar cells is growing rapidly and BioSolar is positioned to take advantage of this growth.

BioSolar is in a unique position within the supply chain to provide the entire solar industry, including thin-film manufacturers, with the ability to reduce their costs. The immediate business opportunity for the company is in supplying the industry’s first low cost, bio-based backsheets for current solar cell systems. Using BioSolar’s materials, the cost reduction over the materials being replaced can be in excess of 50%. The market for plastic components and layers exceeds $1 billion ,and the market for backsheet products alone is currently at $300 million. BioSolar’s bioplastic films aren’t affected by the current polysilicon shortages, creating an opportunity for the company to build market share and revenues by supplying PV manufacturers with more cost effective bioplastic backfilms and other products.

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BioSolar™, Inc. (BSRC.OB) Is Featured in Direct2Project Magazine

Tuesday, March 25th, 2008

BioSolar™, the developer of breakthrough technology producing bio-based materials from renewable sources that will reduce the cost per watt of solar cells, announced that it has been featured in the current edition of Direct2Product’s magazine. The magazine reinforces the company’s standing within the photovoltaic industry.

Design2Part Magazine, a national publication for the superior engineering and manufacturing industry, focuses the March 08 edition on “How Clean Technologies are Driving Manufacturing in New Directions.” The issue covers the numerous ways that the CleanTech revolution is shifting the way business is done in just about all sectors of the economy.

The editorial remarks that the company believes this grouping of factors should make a strong sales opportunity for BioSolar’s “BioBacksheet”, as the product is expected to considerably decrease costs for the backsheet component of the solar cell over products presently being used in the industry.

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Beacon Equity Research Featured Company: BioSolar, Inc. (BSRC.OB)

Tuesday, January 29th, 2008

BioSolar, Inc. (BSRC.OB) develops innovative bioplastic solar cell components made from renewable plant sources. The company was incorporated in April 2006 as BioSolar Labs, Inc. and changed to its current name in June 2006.

The Company’s solar cell technology helps reduce the per watt manufacturing costs of solar cells. The company is expecting to save on costs for manufacturers through the use of its bio-based plastics in solar cell production. Manufacturing of solar cells using bio-based rather than petroleum-based components has increased in volume and will produce both cost savings and environmental benefits.

BioSolar’s position within the investment community increased in 2007 and its stock has improved in trading volume and liquidity. Toward the end of 2007, the company announced its ability to complete a scale-up production run of bio-based plastic film. The company’s success in scaling production moves the company closer to mass production and commercial sales.

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RedChip Companies: BioSolar Inc. (BSRC.OB) Joins the List of Emerging Growth Companies

Monday, January 21st, 2008

This week BioSolar Inc joined with 10 other emerging small-cap companies and took part in an online monthly investor’s forum sponsored by RedChip Companies Inc. The forum, which took place on January 16, 2008, featured companies from Alternative Energy, Biotechnology, Manufacturing and Oil and Gas industries, and can be revisited at http://origin.vcall.com/customevent/conferences/redchip/20080117/index.htm. By joining this forum BioSolar hoped to display its company objectives and gain additional funding for current projects.

BioSolar was also in the headlines this week after its backsheet material passed the rigorous Damp Heat Test, which moved the material one step closer to certification by the Underwriters Laboratories (UL). Dr. David Lee, BioSolar’s President and CEO commented on BioSolar’s “fast track” approach to receiving UL approval saying, “UL approval is an extremely demanding process. It can take years and hundreds of thousands of dollars to obtain UL approval for a photovoltaic module. Our ‘fast track’ process is expected to dramatically shorten the time it takes for the first solar module maker, our partner SBM Solar, to obtain UL approval with our backsheet.”

With these recent announcements, stock prices soared on Friday with the stock hitting an all time high of $1.20; finishing at $1.11, up over 20% on the day. BioSolar is a non borrowing company, so they currently boast an incredible current ratio of 865.46. The company is still in developmental stages and is yet to turn a profit, but has investor’s confidence while awaiting approval from the UL.

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BioSolar, Inc (BSRC.OB) Announces Successful Completion of Rigorous Testing Protocol

Sunday, January 20th, 2008

BioSolar, Inc (BSRC.OB), a leading developer of breakthrough technology to produce bio-based materials from renewable plant sources, announced that the company’s backsheet material has passed the rigorous Damp Heat Test.

Specifically, the Damp Heat Test analyzes any product’s ability to withstand years of exposure in an outdoor environment. This test subjects the material to 1000 hours outdoors at an average temperature of 85 degrees and 85% humidity. BioSolar’s materials successfully completed the test on January 16, 2008.

Dr. Stanley Levy, Chief Technology Officer, stated, “We are pleased to report that our backsheet materials have passed this test, which is one of the most severe tests included in the UL 1703 protocol. We will analyze these results to focus in on the most promising candidate for final production certification.”

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OTCPicks Featured Company: BioSolar, Inc. (BSRC.OB) Completes Damp Heat Test

Friday, January 18th, 2008

BioSolar™, Inc. (OTCBB: BSRC) announced that the company’s backsheet material has successfully completed the demanding Damp Heat Test, which brings the materials one step further in obtaining the Underwriters Laboratories (UL) certification.

The Damp Heat Test ascertains to the products ability to withstand year of exposure in an outdoor environment without breaking down. The procedure tests the material up to 1000 hours at 85 degrees and 85% humidity. The completion of the test occurred on January 16, 2008.

The company’s Chief Technology Officer, Dr. Stanley Levy, said “We are pleased to report our backsheet materials have passed this test, which is one of the most severe tests included in the UL 1703 protocol. We will analyze these results to focus in on the most promising candidate for final production certification.”

Currently, SBM Solar of Concord, NC, a strategic partner in BioSolar, is in the final stages of obtaining UL certification for their polymer packaged PV module. When the certification is received, SBM will go ahead and submit additional modules to Underwriters Laboratories for UL approval, changing their standard backsheet material to BioSolar’s bio-based backsheet. With only replacing one component, that being the photovoltaic backsheet from BioSolar, SBM anticipates a faster than normal approval process.

Dr. David Lee, BioSolar’s President and Chief Executive Officer, provided additional insight into BioSolar’s approach to the company’s “fast track” process saying, “UL approval is an extremely demanding process. It can take years and hundreds of thousands of dollars to obtain UL approval for a photovoltaic module. Our ‘fast track’ process is expected to dramatically shorten the time it takes for the first solar module maker, our partner SBM Solar, to obtain UL approval with our backsheet.”

BioSolar, Inc. engages in the research and development of bioplastic materials from renewable plant sources for use in photovoltaic solar cells. The company develops bio-based plastics components that meet the thermal and durability requirements of solar cell manufacturing processes for conventional crystalline cell designs, as well as thin film photovoltaic devices in an effort to capitalize on cost advantages to current petroleum based solar cell components.

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Hototc Featured Company: BioSolar, Inc. (BSRC.OB) – The Sun is Beginning to Rise for BioSolar

Tuesday, January 15th, 2008

The advantages of making an environmentally friendly process even more environmentally friendly, and inexpensive, appear to be well on their way to the photovoltaic consumer. By taking some petroleum out of the sun-to-electricity photovoltaic process, in favor of renewable plant based components, costs per/watt can be reduced and new markets as well as applications can be opened up.

BioSolar, Inc. appears to have made the leap from petroleum based backing sheets, for photovoltaic modules, to a truly “green” backing sheet technology derived from renewable plant based materials. Photovoltaics, the process of turning sunlight into electricity, has been offered to environmentally conscious customers for years. Bringing down the cost per/watt, however, has been an issue. BioSolar, Inc. may have cracked the nut in beginning this process.

The photovoltaic backing sheet needs to be durable and wide enough to meet North American manufacturing standards. A recent commercial scale-up test by the company showed successful results in meeting manufacturers requirements for maximum widths and durability. Receiving certification from underwriters Laboratory is the next step in commercialization and is currently in-process and on the fast track with a North Carolina photovoltaic module manufacturing company.

Past the obvious advantages of a lower cost per/watt for the end product, the real potential for the company comes in the bio-plastics themselves. These products, if they can obtain UL certification, will be able to follow the market trend of replacing mass market petroleum based components with niche oriented bio-plastic components. As petroleum prices continue their rise, BioSolar, Inc. is anticipated to continue shining.

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Beacon Equity Research Upgrades Target Price to $1.37 for BioSolar, Inc. (BSRC.OB)

Wednesday, January 9th, 2008

BioSolar, Inc. (OTC BB: BSRC) is focused on developing innovative bioplastic solar cell components made from renewable plant sources. The Company’s technology can uniquely reduce manufacturing costs of solar cells. The management also expects considerable cost saving for manufacturers throughout the use of BioSolar’s bio-based plastics in solar cell production.

The Beacon Equity Analyst stated, “Since our initial report, BSRC’s share price has soared 180% to $0.84 and surpassed our price target. In addition the Company has increased its visibility within the investment community and improved trading volume and liquidity. The latest industry trends and Company developments discussed below are reasons we are raising our price target for BioSolar, Inc. to $1.37 and reiterating our Speculative Buy rating.”

In December of last year the company announced that it has successfully completed the scale-up production of high quality biobased plastic film purposed for use as a backing sheet for photovoltaic cells. The CEO commented, “As we continue to hit our targets in our research and development work, we are guided by input from our commercial strategic partners in the photovoltaic field. This successful ramp-up to production scale film width moves us another step closer to commercial sales of our product.”

Solar energy is unique as it offers a clean and effective alternative to energy produced by oil, coal, or natural gas. According to an EPIA/Greenpeace report, the worldwide PV market will grow at a rapid annual rate of 35% through 2009 and then slow to a 26% growth rate between 2010 and 2015. The quickly growing sector is poised to grow 400% from 1.5 Gigawatts in 2005 to no less than 6 Gigawatts in 2010.

In a final evaluation the analyst concluded, “Assuming the most conservative scenario for both solar power deployment and market share gains resulting from BSRC’s lower price for backsheets, we derive a 2008 revenue estimate for the Company of $6.3 million. Applying a 40% premium to the peer group average P/S multiple and multiplying that number by our 2008 revenue estimate, we derive a new price target of $1.37 for BSRC shares.”

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TwinTrader Featured Company: BioSolar(TM), Inc. (BSRC) Announces Completion of Quality Biobased Plastic Film

Wednesday, January 2nd, 2008

BioSolar(TM), Inc. (BSRC), the developer of a breakthrough technology to produce bioplastic materials from renewable plant sources that reduce the cost of photovoltaic solar cells, announced that the company successfully accomplished a scale up production run of high quality biobased plastic film intended for use as a backing sheet for photovoltaic cells.

This is a significant juncture to the company, and in the development of biobased backsheet, as the 55-inch-wide rolls of film exceeds the industries maximum width requirements. Experimental modules made with this type of film are currently being tested to see if they meet the longevity requirement as photovoltaic modules are expected to last for at least twenty years. The films will be tested with a 45-day temperature-humidity assessment which was mandated by Underwriters Laboratories.

Dr. David Lee, CEO of BioSolar, elucidated on just how significant this most recent landmark is to the company, “BioSolar has previously developed its biobased polymer which significantly improves the film’s impact resistance and thermal performance. The film was successfully extruded at a narrow width. In order to check for possible scale up problems, we conducted an extrusion run at the full production width of 55 inches. There were essentially no scale up problems, and very high quality film was produced. This successful ramp-up to production scale film width moves us another step closer to commercial scales of our product.”

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 plastics. BioSolar looks to manufacture robust bio-plastics that meet the stringent thermal and durability requirements of current solar cell manufacturing processes by integrating the advanced manipulation of bio-based polymers. Through the removal of petroleum from solar cells, BioSolar can help reduce the cost per watt by using its lower cost bio-based plastics, and will make BioSolar energy a true green source of alternative energy.

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Beacon Equity Research Awards BioSolar, Inc. (BSRC.OB) a “Speculative Buy” Rating

Tuesday, September 18th, 2007

BioSolar, Inc. (BSRC) is focused on developing innovative bioplastic solar cell components made from renewable plant sources. The Company’s technology can be used to help reduce the manufacturing cost per watt of solar cells, and anticipates that the use of its bio-based plastics in solar cell production will result in substantial cost savings.

High volume manufacturing of solar cells using bio-based plastic components, rather than petroleum-based plastic components, could produce both cost and environmental benefits. The Company is targeting the market for solar cell back sheets, substrates and superstrates and plans to exploit the cost and application diversity advantages associated with its renewable bioplastic components.

BioSolar’s management team combines more than 100 years of engineering and technical experience in marketing, sales and corporate management, in addition to the areas of plastics and film development. The Company’s management and advisory team have held senior management and technical positions with many technology companies, including Applied Reasoning, Inc., RF-Link Technology, Inc., TRW Transportation Electronics, DuPont, Texas Instruments and GRT Inc.

The senior analyst who wrote the report concluded, “Industry conditions, characterized by tight supply and high prices for silicon, should facilitate rapid market acceptance of BSRC’s bioplastic products and enable the Company to quickly build meaningful market share. As a result, we are initiating coverage of BSRC with a Speculative Buy rating and a $0.84 price target, based on a 17 times P/S multiple of our 2008 revenue estimate.

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BioSolar (BSRC) Stands to Benefit From Scathing IPCC Report

Monday, January 1st, 2007

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The recent Intergovernmental Panel on Climate Change(IPCC) summary placed much of the blame for accelerated global warming on the world’s human populace.  While it is true that global warming is a naturally occurring cyclical weather event, the IPCC found that human endeavors in a variety of emissions categories (factories, automobiles, etc) have exasperated the problem and sped the warming process up.  Glacier melting has reached a feverish pace, and storms such as hurricanes are becoming noticeably stronger.  The report, still subject to political revision, stated that the world is nearing a tipping point at which the effects of global warming will be irreversible.  Recommendations from the report can be generally summed up with a simple stop burning fossil fuels at such an alarming rate.  Renewable energy is the only answer to global warming, and without the effects will be devastating to the world’s population and economy.

BioSolar, Inc. is working on a breakthrough technology to produce thin film flexible solar cells that will enable the Company to develop thin film cells having 1.5 microns of material thickness compared to an average of 400 microns thickness for multi-crystalline cell designs. The Company plans to market the thin film photovoltaic devices to the building materials, outdoor power, emergency power, mobile computer and communications sectors.  The end result of the technology will be to make solar power generation an affordable proposition.  Historically, solar power has been expensive in part to lack of technological innovation, and the relative inexpensiveness of fossil fuels.  With the price of oil in the $60 range and gas prices hovering around $3 per gallon, it is likely that the populace will demand alternatives.  Solar power is a possible alternative and a financially sound one.  Once the initial investment is earned back, the power generated is essentially free, outside of nominal upkeep of the solar arrays.  Overall, the IPCC report should work to further galvanize global warming concerns, as long as it is not watered down by politicians with vested interests in fossil fuels such as oil.

About BioSolar, Inc.

BioSolar, Inc. is developing a breakthrough technology to produce thin film, flexible solar cells on bio-based plastic substrates (patent pending). We believe that renewable energy sources, such as solar, are likely to play a major role in satisfying the global thirst for energy. The emerging market for thin film, flexible solar cells includes building materials, outdoor power, emergency power, mobile computer and communications and other sectors. To learn more about BioSolar, please visit our website at http://www.biosolar.com.