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Magnolia Solar to Present on Flexible High-Efficiency Solar Cells at SPIE DSS Conference

Magnolia Solar Corporation ("Magnolia Solar") announces that Dr. Roger E. Welser, the Chief Technology Officer of its wholly owned subsidiary, Magnolia Solar, Inc., presented a paper at the SPIE Defense, Sensing, and Security (DSS) Conference on Energy Harvesting and Storage: Materials, Devices, and Applications IV.

The presentation, entitled "Flexible High-Efficiency Solar Cells: Approaches and Advanced Design Concepts," was presented on April 30, 2013 in Baltimore, MD as part of a special session on Photovoltaic Cells and Related Technologies.

As part of the presentation at the SPIE DSS conference, Dr. Welser reviewed emerging technologies that can deliver highly efficient photovoltaic power generation in a flexible format. Emerging flexible photovoltaic technologies include Magnolia's previously announced flexible CIGS cells on titanium substrates. These cells, produced by the U.S. Photovoltaic Manufacturing Consortium (PVMC) on behalf of Magnolia Solar at the College of Nanoscale Science and Engineering's (CNSE) Solar Energy Development Center (SEDC) located in Halfmoon, New York, weigh less than 50 milligrams per square centimeter and generate nearly 275 watts of power per kilogram under standard terrestrial solar illumination. Magnolia Solar is also actively involved in the development of ultra-high efficiency thin-film solar cells employing III-V materials for defense applications.

Dr. Ashok K. Sood, President and CEO of Magnolia Solar Corporation, stated, "Flexible photovoltaic devices can provide a mobile source of electrical power for a variety of commercial and military applications in both space and terrestrial environments. Many of these applications can directly benefit from enhancements in efficiency and a reduction in the weight of the flexible photovoltaic devices. Magnolia Solar is developing and commercializing revolutionary flexible thin-film solar cell technologies employing nanostructured materials. Nanostructured materials enable photovoltaic devices to have total spectrum absorption by collecting solar energy from the ultraviolet to the deep infrared. With Magnolia's patent-pending approach, we expect to demonstrate high solar electric conversion efficiency over a wide range of operating conditions."

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