Octillion Announces Plans To Enhance Management Team In Solar Cell Development and Commercialization.
New nanosilicon photovoltaic solar cell technology could adapt home and office glass windows into ones capable of generating electricity from sunlight, without losing significant transparency or requiring major changes in manufacturing infrastructure.
source: Octillion press release
http://www.octillioncorp.com/OCTL_20070103.html
Vancouver, BC – January 3, 2007 – Octillion Corp. (Symbol: OCTL) today announced its plans to enhance and expand its management team through the addition of individuals with in-depth knowledge of photovoltaic solar cell technology research, development of innovative, high performance photovoltaic products that can be manufactured in high volume with corresponding low costs, and particular experience in the commercialization of such technologies.
“As a technology incubator, Octillion’s goal is to fund the expeditious research and development, and eventual commercialization of emerging technologies that have the potential of serving significant and unmet market needs,” states Mr. Harmel S. Rayat, a director of the Company. “In addition to initial funding, we also strive to provide seasoned managerial expertise in order to accelerate the research and development process, and when appropriate, take advantage of any commercial opportunities available to us.”
Octillion Corp., through a sponsored research agreement with the University of Illinois in Urbana-Champaign, is developing a new patent-pending technology using nanosilicon photovoltaic solar cells that have the potential to convert normal home and office glass windows into ones capable of converting solar energy into electricity.
The nanosilicon photovoltaic solar cells are created through a unique electrochemical and ultrasound process that produces identically sized (1 to 4 nanometers in diameter) highly luminescent nanoparticles of silicon that provide varying wavelengths of photoluminescence with high quantum down conversion efficiency of short wavelengths (50% to 60%). The process of producing these silicon nanoparticles is supported by 10 issued US patents, 7 pending US patents, 2 issued foreign counterpart patents and 19 pending foreign counterpart patents.
When thin films of silicon nanoparticles are deposited (sprayed) onto silicon substrates, ultraviolet light is absorbed and converted into electrical current. With appropriate connections, the film acts as nanosilicon photovoltaic solar cells that has the potential of converting solar radiation to electrical energy.
Our present research and development work involves integrating films of silicon nanoparticles on glass surfaces in order to convert solar energy coming through home and office windows into electricity, without losing significant transparency or requiring major changes in manufacturing infrastructure.
About Octillion Corp.
Octillion Corp., together with its wholly owned subsidiaries, is a technology incubator focused on the identification, acquisition, development and eventual commercialization of emerging technologies.
Through established relationships with universities, research institutions, teaching hospitals and government agencies, we strive to identify technologies and business opportunities on the leading edge of innovation that have the potential of serving significant and unmet market needs.
Once a technology has been identified, we fund the research and development activities relating to the technology with the intention of ultimately, if warranted, licensing, commercializing and marketing the subject technology, either through internal resources, collaborative agreements or otherwise.
Unique to our business model is the use of established research infrastructure owned by the various institutions we deal with, saving us significant capital which would otherwise be required for such things as land and building acquisition, equipment and furniture purchases, and other incidental start up costs. As a result, we are able to benefit from leading edge research for significantly less than conventional organizations.
Among our current research and development activities are the development of 1) a patent-pending technology that could adapt existing home and office glass windows into ones capable of generating electricity from solar energy without losing significant transparency or requiring major changes in manufacturing infrastructure, and 2) technologies and products for peripheral and optic nerve damage and nerve regeneration.
For additional information, please visit www.octillioncorp.com