Solar3D Inc (OTC:SLTD), the developer of a breakthrough 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity, is making stable progress on the manufacturing of a proof-of-concept prototype solar cell in the world-class Nanofabrication Facility at the University of California, Santa Barbara.
Stimulated by light management techniques used in fiber optic devices, the firm’s innovative solar cell technology utilizes a 3-dimensional design to catch sunlight within micro-photovoltaic structures where photons bounce around until they are converted into electrons. Solar3D’s management thinks that this breakthrough solar cell design can produce 200% the power productivity of existing silicon solar cells.
Jim Nelson, President and CEO of Solar3D, stated that their Director of Technology, Dr. Changwan Son, is leading the attempt to fabricate their highly efficient 3D solar cell. They are thrilled to have such close and instant access to the clean room and lab facilities at UCSB. They have accurately what they need to make their proof-of-concept prototype.
Its shares added 1.85% to close at $0.0550 with the total traded volume of 0.38 million shares having the average volume of 0.41 million.
Its shares were trading within the range of $0.04-$0.05 while its opening price was $0.05. Its market capitalization is $6.71 million. Its stock price 52 weeks low was $0.04 and 52 weeks high price was $0.28.
Solar3D, Inc. is developing a breakthrough 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity. Up to 30% of incident sunlight is currently reflected off the surface of conventional solar cells, and more is lost inside the solar cell materials. Inspired by light management techniques used in fiber optic devices, their innovative solar cell technology utilizes a 3-dimensional design to trap sunlight inside micro-photovoltaic structures where photons bounce around until they are converted into electrons.
This next generation solar cell will be dramatically more efficient, resulting in a lower cost per watt that will make solar power affordable for the world. To learn more about Solar3D, please visit their website at http://www.Solar3D.com.
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