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BioSolar, Inc. (BSRC.OB) Announces Manufacturing Supply Agreements with Plastics Compounders and Film Extruders

|Includes: BioSolar, Inc. (BSRC)

BioSolar, Inc., a developer of breakthrough technology to produce bio-based materials from renewable plant sources, recently announced new manufacturing supply agreements with plastics compounders and film extruders that will enable the company to deliver higher performance and less expensive bio-based backsheet for PV solar panels.

The company’s unique BioBacksheet™ protective backing is designed to replace current expensive and environmentally hazardous petroleum-based backsheets. The primary material for the commercial grade BioBacksheet™ is a durable polyamide resin made from castor beans, which is then compounded with a secondary non-petroleum material to form a unique and highly durable PV backsheet film that is “green” and provides numerous advantages over other commercial backsheet films.

Dr. David Lee, chief executive officer of BioSolar, stated, “Biosolar’s manufacturing model will employ a ‘manufacturing-lite’ production and distribution model. In this model, Biosolar will perform research and development internally while outsourcing plastics compounding and film extrusion.” Dr. Lee continued, “At a time when explosive demand for PV modules globally is fueling demand for module components, building our own manufacturing facilities does not allow us to be flexible, and may actually limit our growth.”

“Recognizing that building our own manufacturing capacity is both extremely capital and management intensive, BioSolar will instead enter into manufacturing supply agreements with experienced plastics compounders and film extruders, allowing us to reduce production costs while simultaneously providing flexible manufacturing capacity to meet increasing demand from PV module manufacturers.”

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