Vancouver, BC – June 4, 2007 – Octillion Corp. (Pink Sheets: OCTL) today announced that in early models of Octillion’s transparent photovoltaic ‘NanoPower Windows’, scientists have successfully engineered and assembled a mechanically stable, see-through developmental prototype, which achieves optically active down-conversion and displays good electrical properties with no electrical shorts.
“Our ability to produce a developmental prototype which remains see-through while displaying favorable electrical properties, marks a significant breakthrough in development of a working prototype of our ‘NanoPower Windows’, capable of generating electricity from sunlight without losing significant transparency,” explained Mr. Harmel S. Rayat, President and CEO of Octillion Corp.
In developing an early model of the world’s first transparent photovoltaic windows of its kind, Octillion researchers have successfully ‘stacked’ silicon nanoparticles between ultra-thin films of metal, onto a glass substrate. Preliminary tests have shown that this stack is mechanically stable and of even thickness. Tests for optical characterization have demonstrated that the model is a high-quality see-through architecture, important to maintaining maximum transparency of the finished commercial product.
Key to the development of Octillion’s transparent NanoPower Windows is a proprietary spray coating of a silicon nanoparticle film, which is fluorescent and able to convert the sun’s energy into electricity. The process of producing these silicon nanoparticles is supported by 10 issued US patents, 7 pending US patents, 2 issued foreign counterpart patents and 19 pending foreign counterpart patents. The proprietary process for spraying the particles onto glass surfaces is unique to Octillion, and is among the Company’s major research achievements.
In tests of the developmental prototype window, Octillion’s silicon nanoparticle film was able to successfully convert high energy photons into lower energy photons, thus optimizing electrical conversion by preventing high energy photons from being unnecessarily wasted through conversion into heat.
Above all, electrical characterization of the developmental prototype gave good electrical properties, with no shorts.
“These exciting new findings mark a significant breakthrough in our science, which in recent months, has developed strong momentum based on a series of solid research findings. These successful outcomes have collectively propelled our early research program aggressively towards the product development path,” concluded Mr. Rayat.
(Click here to review news regarding Octillion’s achievement of major milestones:
http://www.octillioncorp.com/OCTL_20070207.html )
About SolarWindow Technologies, Inc.
SolarWindow Technologies, Inc. is a developer of next generation, transparent electricity-generating SolarWindow™ coatings.
SolarWindow™ coatings generate electricity on see-through glass and flexible plastics with colored tints popular to skyscraper glass. Unlike conventional systems, SolarWindow™ can be applied to all four sides of tall towers, generating electricity using natural and artificial light conditions and even shaded areas. SolarWindow™ uses organic materials, which are dissolved into liquid, ideal for low-cost high-output manufacturing; and is the subject of a patent pending technology.
The company’s Proprietary Power Production & Financial Model (Power & Financial Model) uses photovoltaic (PV) modeling calculations that are consistent with renewable energy practitioner standards for assessing, evaluating and estimating renewable energy for a PV project. The Power & Financial Model estimator takes into consideration building geographic location, solar radiation for flat-plate collectors (SolarWindow™ irradiance is derated to account for 360 degree building orientation and vertical installation), climate zone energy use and generalized skyscraper building characteristics when estimating PV power and energy production, and carbon dioxide equivalents. Actual power, energy production and carbon dioxide equivalents modeled may vary based upon building-to-building situational characteristics and varying installation methodologies.
For additional information, please call Ms. Briana L. Erickson toll free at 1-800-213-0689 or visit: www.solarwindow.com.
To receive future press releases via email, please visit:
https://www.solarwindow.com/join-our-email-list/
Follow us on Twitter @solartechwindow, or follow us on Facebook.
To view the full HTML text of this release, please visit:
https://www.solarwindow.com/media/news-events/
For answers to frequently asked questions, please visit our FAQs page:
https://www.solarwindow.com/investors/faqs/
Social Media Disclaimer
Investors and others should note that we announce material financial information to our investors using SEC filings and press releases. We use our website and social media to communicate with our subscribers, shareholders and the public about the company, SolarWindowTM technology development, and other corporate matters that are in the public domain. At this time, the company will not post information on social media that could be deemed to be material information unless that information was distributed to public distribution channels first. We encourage investors, the media, and others interested in the company to review the information we post on the company’s website and the social media channels listed below:
• Facebook
• Twitter
* This list may be updated from time to time.
Legal Notice Regarding Forward-Looking Statements
No statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities. This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although SolarWindow Technologies, Inc. (the “company” or “SolarWindow Technologies”) believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words “may,” “will,” “should,” “could,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to adverse economic conditions, intense competition, lack of meaningful research results, entry of new competitors and products, adverse federal, state and local government regulation, inadequate capital, unexpected costs and operating deficits, increases in general and administrative costs, termination of contracts or agreements, technological obsolescence of the company's products, technical problems with the company's research and products, price increases for supplies and components, litigation and administrative proceedings involving the company, the possible acquisition of new businesses or technologies that result in operating losses or that do not perform as anticipated, unanticipated losses, the possible fluctuation and volatility of the company's operating results, financial condition and stock price, losses incurred in litigating and settling cases, dilution in the company's ownership of its business, adverse publicity and news coverage, inability to carry out research, development and commercialization plans, loss or retirement of key executives and research scientists, changes in interest rates, inflationary factors, and other specific risks. There can be no assurance that further research and development will validate and support the results of our preliminary research and studies. Further, there can be no assurance that the necessary regulatory approvals will be obtained or that SolarWindow Technologies, Inc. will be able to develop commercially viable products on the basis of its technologies. In addition, other factors that could cause actual results to differ materially are discussed in the company's most recent Form 10-Q and Form 10-K filings with the Securities and Exchange Commission. These reports and filings may be inspected and copied at the Public Reference Room maintained by the U.S. Securities & Exchange Commission at 100 F Street, N.E., Washington, D.C. 20549. You can obtain information about operation of the Public Reference Room by calling the U.S. Securities & Exchange Commission at 1-800-SEC-0330. The U.S. Securities & Exchange Commission also maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the U.S. Securities & Exchange Commission at http://www.sec.gov. The company undertakes no obligation to publicly release the results of any revisions to these forward looking statements that may be made to reflect the events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.