CLEARWATER, Fla. – September 25, 2012 - - Magnolia Solar Corporation (OTC.QB: MGLT), a developer of new thin-film solar cell technologies using nanostructured materials, is the subject of a research report by tomorrowsbluechips.com/research/ focused on its unique solar technologies. Magnolia Solar competes in the solar energy industry with companies like Ascent Solar Technologies Inc. (NASDAQ: ASTI) and First Solar Inc. (NASDAQ: FSLR).
The report’s analysis states that, “Magnolia Solar’s nanostructure-based anti-reflection coatings dramatically improve solar cell performance by minimizing reflection.” It adds that, “further advancement in nanotechnology by Magnolia Solar will open the door to the production of even cheaper and more efficient thin-film solar cells.” The report concludes that Magnolia Solar will benefit from the combination of increased demand for solar energy in the government, commercial and residential sectors with their economical and efficient technologies.
The report also notes that the U.S. solar industry is expected to quadruple its 2011 output by 2016. According to the report, solar energy demand has grown at about 30% per annum over the past 15 years whereas hydrocarbon energy demand typically grows by as little as 0-2% a year.
About Magnolia Solar
Magnolia Solar Corporation was formed in 2008 to be a key player in the green energy revolution in the United States. The company is working to commercialize its nanotechnology-based, high-efficiency, thin-film technology that can be produced on flexible, low-cost structures, as well as conventional, rigid glass substrates. The company’s technology can capture a large portion of the solar spectrum while maintaining a high operating voltage, resulting in highly efficient photovoltaic power production. Magnolia’s cells also incorporate a unique nanostructure-based antireflection coating technology to further increase the solar cell's efficiency and thus reduce the cost per watt.
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