Sunvalley Files US Patent on Technology That Increases Solar Panel Efficiency
WALNUT, Calif., Dec. 30, 2010 /PRNewswire/ -- Sunvalley Solar, Inc. (OTC Bulletin Board: SSOL), a leading solar power technology and solar system integration company, announces the filing of United States Patent entitled "New Solar Cell Structure with Increased Efficiency."
Because of an array of nanostructures with space varying periodicity and orientation, the Sunvalley patented solar cell is less affected by the spectral wavelength, angle, and/or polarization of the incident light. This technology effectively increases the efficiency of solar panels.
"Sunvalley Solar, Inc. maintains a strong and efficient research and development team focused on solar energy application technology, especially the advanced research and development needed to increase PV panel efficiency and reduce its cost. The technology we patented can potentially be commercialized for solar panel manufacturing allowing an increase in the efficiency of solar cells while at the same time reducing their cost," said Fang Xu, CTO of Sunvalley Solar, Inc. He added, "This is just a start. We will continue to work closely with our partners at UCSD (University of California, San Diego) and with research institutes in China to innovate the solar energy industry."
About Sunvalley Solar, Inc.
Sunvalley Solar, Inc. is a leading solar system solution provider that offers comprehensive solar energy technology, system design, installation, equipments, and technical support for electrical contractors, builders, homeowners, businesses/commercial buildings, and government entities that assist them in lowering of utility bills, reducing environmental impacts, and increasing energy reliability and independence through solar energy. Located in Los Angeles, California, Sunvalley Solar, Inc. is one committed to reducing the world's carbon foot print from traditional energy sources to make renewable sources such as solar the nation's mainstream source of power. To learn more, visit www.sunvalleysolarinc.com.
Forward-Looking Statement: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.
SOURCE Sunvalley Solar, Inc.