Prism Solar Technologies, Inc.

Prism Solar Technologies, Inc.

(PST), has provided a Gen-1 module for testing in Japan last week.  The module incorporates less than (US) 12 cents per watt of Prism’s proprietary holographic optical material (not including glass) and achieved a 25% increase in power output over the cells themselves.  The module was tested by a Japanese solar cell/module manufacturer and was conducted by engineers at the Japanese company’s facility.  The “Gen-1” module incorporates mono-facial cells and uses PST’s Holographic Planar Concentrator (HPC) technology.

“We were pleasantly surprised by the amount of increase in power output provided by our holographic optics”, said Rick Lewandowski, Prism’s CEO.  “We expected less because solar simulators typically don’t provide collimated light (as you would see from the direct sunlight)….., We expect even better results when tested under direct sunlight” Lewandowski went on to say upon returning from Japan.

Prism’s core technology is based on holographic optics, which can use a variety of PV cells and can spectrally select the desired portion of sunlight allowing for “cooler” solar cell operation while maintaining an increased power output by concentrating specific solar wavelengths unto the cells.  Through passive tracking, Prism’s Holographic Planar Concentrator (HPC) technology can achieve higher output in the morning and late afternoon while reducing the amount of expensive silicon necessary in a module.  Prism PV modules minimize the use of expensive solar cells in our modules but still maintain above average output. 

Prism Solar Technologies, Inc. (PST) has been selected to present at the 13th annual Equity Capital Symposium sponsored by Technology Ventures Corporation May 10-11th, in Albuquerque, New Mexico. 

The annual forum provides hundreds of investors from throughout the U.S. and abroad the opportunity to invest in new technology-based products and services being developed by private companies that have originated in national laboratories and research institutions.  The TVC Symposium had more than a hundred investors from all over the world attend last year’s symposium. “We expect an even better turn out this year,” said Sherman McCorkle, president and CEO of Technology Ventures Corporation.

Technology Ventures Corporation serves as a bridge between the investor community and publicly funded technology that has commercial application. Nationally, one entrepreneur in a thousand will receive seed equity funding. “We have an amazing record. One out of every three TVC Symposium presenters has received funding. We have the honor to work with some very outstanding clients and advisors. Our success is really a reflection of the hard work and talent of these entrepreneurs,” McCorkle said.  The 2006 Symposium includes a wide selection of the latest technologies including photovoltaics, synthetic bone grafting materials, space transportation, the next generation spark plug replacement, and oil and gas discovery technology.

For more information about the 13th Annual Equity Capital Symposium go to: http://www.techventures.org/NM-ECS/index.php

About Technology Ventures Corporation: Technology Ventures Corporation helps entrepreneurs create technology companies and finds qualified investors to fund them. TVC is a non-profit foundation funded by Lockheed Martin Corporation and the National Nuclear Security Administration. It has offices in Albuquerque, Santa Fe, Los Alamos, Las Cruces, New Mexico; Livermore, California; and Las Vegas, Nevada. To learn more about TVC, visit TVC’s web site at:  www.techventures.org

Prism Solar Technologies, Inc. (PST) has been selected from a very large number of applicants to present at the 18th NREL Industry Growth Forum in San Francisco, Nov. 7-9th, 2005.

Prism Solar is a start-up manufacturer of a patented holographic planar concentrating photovoltaic (PV) module technology which allows for a significant reduction in the amount of silicon solar cells that are required in a PV module resulting in lower cost.  PST expects to begin manufacturing in 2006.  The company has secured seed financing and has begun working on second-generation prototypes of its proprietary technology.  Prism Solar is currently raising additional financing from investors and evaluating potential manufacturing sites. 

The 18th NREL Industry Growth Forum is America's largest venture event focused exclusively on companies developing clean energy products. This event unites emerging clean energy technology companies from across the country with our nation's leading clean energy investors. Three days of networking and company "business case" presentations will promote and enhance the success of new ventures, emerging businesses, and the growth of entrepreneurship in the clean energy sector. The Forum will also feature several special sessions on new financial strategic approaches for entrepreneurs.

For more information about the 18th NREL Industry Growth Forum go to: www.cleanenergyforum.com

Prism Solar Technologies, Inc. (PST) has announced that Dr. Walter L. Robb has joined PST’s Board of Directors. Dr. Robb is the President of Vantage Management, Inc., and a management consultant. Until December 31, 1992, Dr. Robb was General Electric’s Senior Vice-President for Corporate Research and Development. He directed the GE Research and Development Center, one of the world’s largest and most diversified industrial laboratories, and served on GE’s Corporate Executive Council. Prior to returning to the GE - R & D Center, Dr. Robb headed GE Medical Systems for 13 years. He directed that organization's growth into the world's leading producer of medical diagnostic imaging equipment, turning it into a billion-dollar-plus per year advanced technology business with more than 10,000 employees worldwide. “We welcome Dr. Robb to Prism Solar’s Board at this exciting time” said Rick Lewandowski, Prism Solar’s president. “Dr Robb is an extremely important addition to our company in this start-up stage. His guidance has already resulted in steering Prism Solar towards important strategic alliances and contacts” Lewandowski goes on to say. “His experience in building world-class companies and commercializing technology will be invaluable to us”. Dr. Robb is a Chemical Engineer with a B.S. from Penn State and a Ph.D. from the University of Illinois, and joined GE with the Knolls Atomic Power Laboratory. He holds a dozen patents and is a member of the National Academy of Engineering. Presently, Dr. Robb also serves on the Boards of Celgene and Mechanical Technology, Inc., which are publicly traded. In September, 1993, he received the National Medal of Technology from then President Clinton for his leadership in the CT and MR imaging industry.

Prism Solar Technologies, Inc. (PST) has been selected to present at the upcoming Energy Venture Fair VI this November 2 & 3 in Boston, MA.

Prism Solar is a start-up manufacturer of a unique holographic planar concentrating photovoltaic (PV) module technology which can spectrally select desired wavelengths of sunlight and concentrate them onto a solar cell. This process allows for a significant reduction in the amount of silicon solar cells that are required in a PV module resulting in lower cost. PST has secured seed financing and has begun working on second-generation prototypes of its patented technology. The company is currently raising additional financing from investors and evaluating several potential manufacturing sites. PST expects to begin manufacturing in 2006. The Energy Venture Fair is known as a unique opportunity for investors to hear executives from some of the best emerging companies, possessing some of the most promising energy-based technologies and services currently seeking capital. The EVF VI has become North America's premier and best networking event for investors, entrepreneurs and established energy companies interested in the cutting-edge of tomorrow's energy technologies and businesses. The EVF VI bring CEOs from 80 handpicked energy technology, product and service companies seeking capital funding together with venture capitalists, corporate investors, and strategic investors who are looking for investment opportunities, strategic alliances and access to emerging technologies. For more information about the Energy Venture Fair VI go to: www.energyventurefair.com

Prism Solar Technologies, Inc. (PST) has announced that Mr. Paul Maycock, the photovoltaics (PV) industry’s foremost consultant and advisor, has joined PTI’s Board of Directors. Paul Maycock is internationally recognized as being on the cutting edge of strategic planning, technology due diligence, market research, team development, manufacturing cost analysis, and technical information in the field of photovoltaic energy conversion. His newsletter “PV NEWS” is known world over and is read in 58 countries by thousands of professionals in the energy industry. Mr. Maycock’s PV industry reports- “World PV Markets” and “Photovoltaic Technology, Performance are used in almost every PV business plan written. Welcoming Mr. Maycock, to PST’s Board PTI’s president Rick Lewandowski said, “Mr. Maycock is one of the most prominent and influential industry advisors in the world. We are extremely honored to have him provide us with direction and advice on commercializing our new PV technology and growing our company.” Lewandowski went on to say, “Mr. Maycock has his finger on the pulse of the (PV) industry. He identifies developing trends long before most of the PV industry is aware of their impact. Through his position within the industry and experience with market reaction, Mr. Maycock brings unmatched insight to our new company.” In his career over the past 30 years, Mr. Maycock was formerly the Director of the Photovoltaics Energy Systems Division for the US Department of Energy and has served on numerous Boards of successful energy companies and organizations. “In my many years of reviewing PV technologies, PST’s (holographic) technology is one of the most promising I’ve seen in a long time” says Maycock. “At a time when silicon availability is an issue, this technology can reduce the amount of (PV) cells required in a module while driving down cost. It’s an important achievement.” Mr. Maycock holds a BS in Physics and a MS in Physics (Solid State) from Iowa State University.

Prism Solar Technologies, Inc. (PST) has secured an additional $400,000 equity financing from investors including Counter Point Ventures LLC, a New York venture capital firm as part of the 1st round of a Private Offering.

PST has begun a Private Offering in an effort to secure financing to commercialize its patented holographic planar concentrator. The company reports that it is in various stages of negotiation with strategic investors and venture capital firms. These discussions include talks with potential clients who are familiar with the technology and are interested in having access to PST’s products. The benefits and competitive advantages are clear and easy to understand, so we expect interest to accelerate as more and more people see the technology. PST’s core technology is a patented holographic planar concentrator (HPC) which passively tracks the sun and spectrally selects desirable wavelengths. The company says it can eliminate a significant amount of the most expensive part of the solar module – the photovoltaic (PV) cells. The company is also looking at various manufacturing sites and in talks with numerous economic development agencies to locate their first commercial manufacturing plant.

Direct Global Power. (DGP) has formed - Prism Solar Technologies, Inc. in a joint venture with the inventors of a unique holographic PV technology that can dramatically reduce the amount of solar cells required in a PV module. Prism Solar Technologies, Inc. (PST) has secured seed financing and has begun working on second-generation prototypes of this unique technology. The company is currently raising additional financing from strategic investors and evaluating several potential manufacturing sites. PST expects to begin manufacturing in 2006. DGP’s president Rick Lewandowski will serve as PST’s President and Chief Executive Officer. HPC is a module technology that is “cell-neutral” and can spectrally select the desired portion of sunlight allowing for “cooler” solar cell operation while maintaining an increased power output by concentrating specific solar wavelengths unto the cells. Through passive tracking, HPC products can achieve higher output in the morning and late afternoon while reducing the amount of expensive silicon necessary in a module. The technology, initially developed by a major specialty glass and curtain-wall manufacturer, has the potential to not only lower the price of photovoltaic modules, but also enjoys extraordinary aesthetic characteristics. Prism Solar also intends to use the technology with bifacial cells that will create additional price reductions by utilizing the backside of solar cells.

PST has begun prototype development of its second generation Holographic Element Bifacial Photovoltaic (HEPV) module technology. The new HEPVprototype incorporates bifacial solar cells and will provide a further reduction in the amount of silicon required in the solar module. ThePST has begun prototype development of its second generation Holographic Element Bifacial Photovoltaic (HEPV) module technology. The new HEPVprototype incorporates bifacial solar cells and will provide a further reduction in the amount of silicon required in the solar module.