WALNUT, Calif., Jan. 26, 2011 /PRNewswire/ -- Sunvalley Solar, Inc. (OTC Bulletin Board: SSOL), a leading provider of solar power technology and solar integration systems, announced that PV manufacturers in China will lend their support to further develop and commercialize on Sunvalley's own patented solar technology
In November 2010, Sunvalley Solar filed an application for an SBIR (Small Business Innovative Research) grant offered by the Department of Energy (DOE). Sunvalley Solar proposed a "Surface Plasmon PV Concentrator" designed for PV cells. This will be the first PV concentrator based on surface plasmon resonance. This innovative design is based on Sunvalley Solar's patent pending technology. With further development, this technology could be commercialized in panel manufacturing and improve the efficiency of solar cells. The development of this technology continues to attract interest from manufacturers in China, like CEEG under China Sunergy (Nasdaq: CSUN) and Tianwei Solarfilms.
"We are very excited for the potential of this proposal in terms of its technological innovation, and the possibility of it providing high quality but cost effective nanofabrication tools. This new technology will certainly be beneficial to our company's applications," said Sally Fan, Sales Manager from CEEG, China Sunergy.
"As an end user as well as a developer of solar cell modules, Baoding Tianwei is delighted to see that Sunvalley Solar, Inc. is attempting to build such an innovative lithographic technology for the next generation of solar cell modules. Because this technology has a unique potential to accelerate the deployment of next generation thin film solar cell, we fully endorse this proposal. Should the technology be proven feasible, we would like to work with Sunvalley Solar, Inc. to aggressively bring this innovation into the market," said Mickey Liu, Sales Director from Baoding Tianwei Solarfilms Co.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 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.