BioSolar Receives First Commercial Order

SANTA CLARITA, Calif.--(BUSINESS WIRE)--BioSolar, Inc. (OTC: BSRC), developer of breakthrough products and materials that reduce the cost of photovoltaic (PV) solar modules, today announced that it has received its first commercial BioBacksheet order. The first shipment of BioBacksheet will be used for the manufacture of specialty PV panels for electric utility vehicles with anticipated further shipments to be used by military and other mobile applications. The customer’s PV panels feature lightweight, high-power-to-weight ratio, highly durable, customizable shapes, sizes and colors.

Dr. David Lee, the company’s CEO, commented, “This first commercial order marks an important event in the history of our company. In spite of recent turmoil in the solar market, we have found success. Customers are attracted to the unique product features of BioBacksheet, including single layer composition, reliability, efficiency and cost competitiveness. Though the sales cycle for specialty PV panels can be shorter than mainstream PV panels, it is important to note that the durability requirements in this market segment are much more stringent than what is normally expected from standard PV components.

“The length of time it takes for mainstream PV customers to complete the full purchase cycle is long, but it also creates a barrier of entry for the competition,” Lee added. “BioSolar is now in position to expand sales into mainstream PV markets as we have completed successful internal testing, qualification and UL material certification. Our sales and support efforts during the past 12 months have resulted in certain large customers obtaining panel level UL or IEC certifications. We look forward to achieving our next major milestone which is receiving purchase commitments from large scale solar manufacturers.”

Dr. Lee concluded, “Solar is one of the fastest growing markets in the world and BioSolar is very well positioned to benefit from the surge in demand. Our patent pending BioBacksheet is the world’s first and only UL certified solar panel backsheet made from renewable materials and features two distinct benefits that are unmatched by existing backsheets. First, BioBacksheet’s high thermal conductivity rapidly draws heat away from the solar cells, which can increase the power output of the entire solar panel and also improve long term durability by decreasing temperature fluctuations. Second, BioBacksheet’s USDA BioPreferred Certification allows solar panels to be marketed as more sustainable and socially responsible, and preferred by U.S. government agencies.”

About BioSolar, Inc.

BioSolar, Inc. develops breakthrough products and materials that reduce the cost of photovoltaic (PV) solar modules. 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 materials. BioBacksheet, the company’s first backsheet product, is currently available to solar manufacturers. BioSolar is now developing EcoBacksheet, its second backsheet product that will further reduce the cost of solar energy. To learn more about BioSolar, please visit our website at http://www.biosolar.com.

Safe Harbor Statement

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BioSolar Expands BioBacksheet Product Line for Entire Solar Panel Market

SANTA CLARITA, Calif.--(BUSINESS WIRE)--BioSolar, Inc. (OTCBB:BSRC) developer of a breakthrough technology to produce bio-based materials from renewable plant sources that reduce the cost of photovoltaic solar cells, today announced that the company is nearing the completion of the commercialization of its BioBacksheet™ product and enters pre-production stage on new versions to address the entire flat solar panel market.

“Contrary to common belief, commercialization of renewable energy technologies such as BioSolar’s BioBacksheet is quite complex and requires both a comprehensive understanding and analysis of its potential, as well as the development of innovative models to help it gain market penetration,” said Dr. David Lee, CEO of BioSolar.

“BioSolar is nearing completion of the commercialization process, and we continue our mission to develop new products that utilize our proprietary manufacturing and materials process to enhance the characteristics of traditional bio-based materials and turn them into robust and durable materials for solar applications,” said Lee.

Backsheets, the bottom-most layer of nearly all photovoltaic solar cell modules, are currently made from petroleum and designed to protect the solar cell from environmental hazards like moisture and UV rays. BioSolar’s BioBacksheet™ is a protective covering made from renewable plant sources and is expected to cost substantially less than traditional petroleum-based backsheets.

BioSolar recently announced its plans to expand the company’s technology to accommodate copper-indium-gallium-selenide (CIGS) and cadmium telluride (CdTe) thin-film modules, as reported by Doris DeGuzman, the associate editor for ICIS Chemical Business, a global chemical trade magazine on her blog, Green Chemicals, in The Industry Standard and in Power Management DesignLine Europe, an EE Times Europe publication. Just recently, EarthToys.com, the online alternative energy magazine, drew attention to BioSolar by detailing a recent press release on their website.

“Today, BioSolar is pleased to announce that two BioSolar products are currently in the Pre-Production stage and nearing qualification for full production,” said Lee. “The BioBackSheet-L™, an enhanced performance backsheet for demanding PV applications, is nearing qualification for production and the BioBackSheet-C™, designed for cost sensitive, economical PV modules, is making excellent progress in pre-production development and testing.”

“BioBackSheet-A™ with ‘Absolute Moisture Barrier’ is also doing well in the late research and development stage,” said BioSolar Chief Technology Officer Dr. Stanley Levy. “We will continue to provide more information in the future as the product continues to evolve.”

BioSolar Ships Samples Of Breakthrough Solar PV Material

SANTA CLARITA, CA--(Marketwire - April 28, 2008) - BioSolar™, Inc. (OTCBB: BSRC), developer of a breakthrough technology to produce bio-based materials from renewable plant sources that reduce the cost of photovoltaic solar cells, today announced that the company has shipped its BioBacksheet™ samples to a select group of manufacturers for their evaluation in several regions of the country. In an era of record high oil prices, the company's new bio-based product provides a cost effective alternative to petroleum-based backsheets currently in use, and has been actively sought by manufacturers as a component of their finished solar cells.

"This is a very exciting first step to market," said Dr. David Lee, BioSolar's CEO. "It has been our company's mission to deliver an economically viable 'green' product. Not only will the use of our new BioBacksheet product allow solar cell manufacturers to reduce cost in an extremely competitive environment, but they will be doing it in a manner that is environmentally responsible. We believe that as consumers demand more 'green' products, solar cell manufacturers will place an even greater value on products such as ours."

BioSolar Advances Plastic Film Solar Cell Production

SANTA CLARITA, CA--(Solar Energy News- December 3, 2007) - BioSolar™, Inc. (OTCBB: BSRC), developer of a breakthrough technology to produce bioplastic materials from renewable plant sources that reduce the cost of photovoltaic solar cells, today announces that the company has successfully completed a scale up production run of high quality biobased plastic film intended for use as a backing sheet for photovoltaic cells.

In explaining the significance of this latest step toward commercialization of BioSolar's bioplastic materials, Dr. David Lee, CEO, said, "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 is a key milestone in the development of the company's biobased backsheet product as the 55-inch-wide rolls of film exceed the industry maximum width requirement. Photovoltaic modules are expected to last for 20 years or more, and experimental modules made with this film are currently being tested to ensure that the film meets the longevity requirement. The test includes a 45-day temperature-humidity test as mandated by Underwriters Laboratories.

"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," continued Dr. Lee. "This successful ramp-up to production scale film width moves us another step closer to commercial sales of our product."