BioSolar, Inc. (BSRC.OB) develops innovative bioplastic solar cell components made from renewable plant sources. The company was incorporated in April 2006 as BioSolar Labs, Inc. and changed to its current name in June 2006.
The Company’s solar cell technology helps reduce the per watt manufacturing costs of solar cells. The company is expecting to save on costs for manufacturers through the use of its bio-based plastics in solar cell production. Manufacturing of solar cells using bio-based rather than petroleum-based components has increased in volume and will produce both cost savings and environmental benefits.
BioSolar’s position within the investment community increased in 2007 and its stock has improved in trading volume and liquidity. Toward the end of 2007, the company announced its ability to complete a scale-up production run of bio-based plastic film. The company’s success in scaling production moves the company closer to mass production and commercial sales.
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