Advantages of BioSolar’s Bio-plastic solar cell components
Record High Oil Prices Illuminate Unique Competitive Advantage for BioSolar’s Bio-plastic Solar Cell Components, Says CEO in Interview
Santa Clarita, CA, November 19, 2007
Source: BioSolar Inc, press release
http://www.biosolar.com/view_news.php?id=18
BioSolar™, Inc. (OTC BB:BSRC), developer of a breakthrough technology to produce bioplastic materials from renewable plant sources that reduce the cost of photovoltaic solar cells, today reports that the company’s CEO has been interviewed for the CEOcast network. In the interview, BioSolar’s CEO, Dr. David Lee, discusses how BioSolar’s durable bio-based plastics products are expected to benefit from an increasing competitive advantage in the wake of soaring crude oil prices.
“We can make solar cells truly a green energy source by replacing the petroleum based components with plastics made from sustainable sources. The higher oil prices go, the more powerful our cost advantage. While we’re in this business because we are driven to do the right thing for the planet, we are also driven to build a profitable business,” commented Dr. Lee. “This $16 billion dollar industry is growing at nearly 40% per year, and given that our cost advantages become ever more powerful as petroleum prices move higher, we expect to capture market penetration at rates much higher than the industry growth rates.”
The interview is available on the company’s website at: www.biosolar.com/investors.php
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