Solarmer Energy, Inc. to Announce Champion Efficiency Results at Organic Photovoltaics Conference

PHILADELPHIA, PA–(Marketwire – April 24, 2009) – Solarmer Energy,Inc., a leading developer of organic photovoltaics, will present theirnew independently verified top-end efficiency of 6.31% at 2009’sOrganic Photovoltaics conference in Philadelphia, Pennsylvania. Dr. YueWu, Solarmer’s Director of Research and Development, will present theseresults and Solarmer’s progress toward the manufacture of plastic solarcells. This accomplishment further reinforces the company’s position asholder of the strongest and most diverse portfolio of polymers in theindustry.

Solarmer, whose focus is on the development andmanufacture of plastic solar cells that are translucent, flexible, andlightweight, is extremely pleased with these results. "We’re hoping togenerate a lot of excitement with this recent break-through," saysSolarmer’s President Woolas Hsieh. "It gives me confidence that we willhave commercial products on the market in 2010."

The 6.31%efficiency of organic photovoltaics (OPV) was independently verified bythe Dr. Zadoyan group in the Technology and Applications Center atNewport Corporation. This accomplishment is evidence of Solarmerclosing in on their commercial grade module goals of 6.2% efficiency, 3years half lifetime, and 100cm squared total active area.

Inaddition to their efficiency achievements, Dr. Yue Wu will presentSolarmer’s progress in developing translucent plastic solar cells(capable of up to 45% transparency). Translucent plastic solar cellsare relevant to applications such as solar windows, which will becapable of replacing standard windows. This technology is highlyanticipated by developers of skyscrapers and houses alike that aretrying to break the zero-energy barrier (zero energy buildings areautonomous from the energy grid — energy is produced on-site).

 





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