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Solar Industry Magazine "Photovoltaics World" Recognizes Applied Nanotech’s Solar Ink Technology

|Includes: PEN Inc. (PENC)
Although solar power costs have dropped 60% in the past five years, they still have much further to go before they become cost-competitive with fossil fuels. One company that could help the solar industry meet this goal is Applied Nanotech, Inc. (OTC BB: APNT), a Texas-based nanotechnology company highlighted in the November/December 2011 issue of Photovoltaics World. In the article, titled “Think Ink for Increased Efficiency,” Jamie Novak, a senior scientist at the Company, discusses the potential of APNT’s technology to make solar power more affordable.

During the solar panel manufacturing process, an energy-conducting metallic paste is applied directly onto solar wafers. The fragile wafer often breaks in the process, driving up production costs. APNT has developed spray-on solar inks that eliminate the problem of breakage, providing significant cost-saving potential. Among the other benefits of APNT’s technology: 
  • With traditional methods, solar wafers need to be thick enough to withstand the pressure of the application equipment. APNT’s non-contact technology enables manufacturers to create a thinner wafer, which substantially reduces production costs.
  • Non-contact machines can print several wafers in a single pass, while conventional machines can only process one wafer per pass. Additionally, with non-contact methods, several layers of ink can be printed simultaneously without having to dry each layer between steps.
  • Non-contact methods are extremely precise, only placing inks when and where needed. In contrast, conventional machines produce added waste, leaving paste on the printing components.

“Collectively, these changes in processes translate into dramatic material cost savings close to 44%, or overall solar cell cost savings potentially exceeding 27%,” writes Mr. Novak. The implementation of APNT’s technology could bring solar much closer to reaching the industry’s “$1 per watt” goal, which represents cost-competitiveness with conventional energy sources. APNT has already signed its first solar ink licensing agreement with Sichuan Anxian Yinhe Construction and Chemical Group Co., Ltd. (YHCC), a construction, manufacturing and chemical company with a 46-year operating history and $330 million in 2010 sales. Under the terms of the license, APNT will receive an upfront payment of $2.0 million and an ongoing royalty of 3% on sales of solar inks and pastes by YHCC.

Solar ink technology represents only one element in APNT’s massive IP portfolio. The Company has 300 patents (150 issued and 150 pending) in the areas of nanomaterials, nanosensors, inks and more. Having built its business providing research services to high-profile clients such as the National Institutes of Health and the U.S. military, APNT is just beginning to commercialize its technology in such high-growth sectors as renewable energy, consumer goods, and more. To learn why RedChip analysts consider the stock a great buy at current prices, read RedChip Research’s recently published research report on APNT. You can also see and hear directly from APNT’s CEO, Doug Baker, by watching the Company’s presentation from our November conference at the Harvard Club in New York.

Disclosure: The subject security is a client of RedChip Companies, Inc. RedChip Companies, Inc., employees and affiliates may have positions and affect transactions in the securities or options of the issuers mentioned herein. For full financial disclosures for all RedChip clients, please visit
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