BSRC BioSolar, Inc. - BSRC

[Technical_Indicator]

Monday, September 15 2008 6:05 AM, EST

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News of BioSolar's BioBacksheet(TM) Technology Hits the Blogosphere

Business Wire "US Press Releases "

SANTA CLARITA, Calif.--(BUSINESS WIRE)--

BioSolar, Inc. (OTCBB:BSRC) continues to garner media coverage
following last month's announcement that materials derived from cotton
and castor beans compose the company's proprietary BioBacksheet(TM), a
protective covering, traditionally made from expensive petroleum-based
film, used in the back of virtually all photovoltaic solar modules.

A recent article on Solar1.com, hailed BioSolar's technology as
"welcome news, especially at a time when high oil prices are
counteracting the cost reductions in other phases of solar panel
manufacture."

In a September 8 posting on CleanTechnica, a premier site for
commentary on clean technologies, Michelle Bennett noted that
"BioSolar has proven that petroleum products are not necessary to
produce renewable energy," adding "the best part about it is the cost:
up to 50% less than traditional plastic backsheets. As the price of
petroleum and petroleum-products rise, this alternative starts to look
more lucrative than altruistic."

"With online blogs now exceeding some mainstream media outlets in
terms of audience and reach, we are delighted to see our company's
news and development become a topic of genuine discussion at these
online media sites," said Dr. David Lee, CEO of BioSolar. "Blogs are
just one example of the success BioSolar has enjoyed in launching and
raising the profile of our BioBacksheet(TM)."

The latest wave of online interest follows the company's official
announcement of the technology behind the BioBacksheet at the SPIE
Symposium on Solar Applications and Energy conference on August 12,
2008 which was reported on: GreenTech Media, CNET, Scientific American
and United Press International, among others.

About BioSolar, Inc.

BioSolar, Inc. has developed a breakthrough technology to produce
bio-based materials from renewable plant sources that will reduce the
cost per watt of solar cells. Most of the solar industry is focused on
photovoltaic efficiency to reduce cost. BioSolar is the first company
to introduce a new dimension of cost reduction by replacing
petroleum-based plastic solar cell components with durable bio-based
materials. To learn more about BioSolar, please visit our website at
:: Bio Solar ::.

Safe Harbor Statement

Matters discussed in this press release contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. When used in this press release, the words
"anticipate," "believe," "estimate," "may," "intend," "expect" and
similar expressions identify such forward-looking statements. Actual
results, performance or achievements could differ materially from
those contemplated, expressed or implied by the forward-looking
statements contained herein. These forward-looking statements are
based largely on the expectations of the Company and are subject to a
number of risks and uncertainties. These include, but are not limited
to, risks and uncertainties associated with: the impact of economic,
competitive and other factors affecting the Company and its
operations, markets, product, and distributor performance, the impact
on the national and local economies resulting from terrorist actions,
and U.S. actions subsequently; and other factors detailed in reports
filed by the Company.

Source: BioSolar, Inc.

[Stock_Analyzer]

New BioSolar Development to Further Reduce BioBacksheet(TM) Cost
Business Wire News ReleasesPublished: 09/30/08 06:05 AM EDT
Released By:
BioSolar, Inc.

NewsvineCommentCompany Discovers New Technique to Further Reduce the Cost of Its Bio-based Solar Cell Component
BioSolar, Inc. (BSRC), the developer of a breakthrough technology to produce bio-based materials from renewable plant sources that reduce the cost of solar cells, announced today a new technique has been developed to further reduce the cost of its BioBacksheetTM product.

BioSolar, whose breakthrough technology dramatically reduces the cost of solar cells by replacing traditional and expensive petroleum-based components with bio-based materials derived from renewable plant sources, shocked the industry last month when it announced at the SPIE Optics+Photonics conference that its technology was derived from cotton and castor beans.

The company’s BioBacksheet, currently being readied for production, is expected to deliver a 25% reduction in cost compared to its petroleum-based counterpart used in solar panels. As a result of ongoing research and development efforts, BioSolar has recently developed a new material configuration and manufacturing technique to produce a version of BioBacksheet that can potentially deliver a 50% reduction in cost. A patent application has been filed for this new invention.

BioSolar has shipped BioBacksheet samples to a select group of manufacturers for their evaluation in several regions of the country. In addition to obtaining key verification data points which reflect a growing sense of confidence in the company’s progress toward full-scale production, the company also had an opportunity to evaluate and prioritize the demands and needs of PV module manufacturers.

“Initial test results are very encouraging and we continue to receive positive feedback and be responsive to the needs of potential buyers of BioBacksheet,” said Dr. David Lee, CEO of BioSolar. “With solar cell demand expected to exceed supply for the next 5 to 10 years, we believe there is tremendous opportunity for growth.”

About BioSolar, Inc.

BioSolar, Inc. has developed a breakthrough technology to produce bio-based materials from renewable plant sources that will reduce the cost per watt of solar cells. Most of the solar industry is focused on photovoltaic efficiency to reduce cost. BioSolar is the first company to introduce a new dimension of cost reduction by replacing petroleum-based plastic solar cell components with durable bio-based materials. To learn more about BioSolar, please visit our website at :: Bio Solar ::.

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

Contacts:

Avalanche Strategic Communications
Denyse Dabrowski, 201-488-0049 (Press)
denyse@avalanchepr.com
or
BioSolar, Inc.
Tom Becker, 877-904-3733 (Investor Relations)
ir@biosolar.com

[pro_trader]

Press Release Source: BioSolar, Inc.

New BioSolar Development to Further Reduce BioBacksheet(TM) Cost
Tuesday September 30, 6:05 am ET
Company Discovers New Technique to Further Reduce the Cost of Its Bio-based Solar Cell Component


SANTA CLARITA, Calif.--(BUSINESS WIRE)--BioSolar, Inc. (OTCBB: BSRC - News), the developer of a breakthrough technology to produce bio-based materials from renewable plant sources that reduce the cost of solar cells, announced today a new technique has been developed to further reduce the cost of its BioBacksheetTM product.
ADVERTISEMENT


BioSolar, whose breakthrough technology dramatically reduces the cost of solar cells by replacing traditional and expensive petroleum-based components with bio-based materials derived from renewable plant sources, shocked the industry last month when it announced at the SPIE Optics+Photonics conference that its technology was derived from cotton and castor beans.

The company’s BioBacksheet, currently being readied for production, is expected to deliver a 25% reduction in cost compared to its petroleum-based counterpart used in solar panels. As a result of ongoing research and development efforts, BioSolar has recently developed a new material configuration and manufacturing technique to produce a version of BioBacksheet that can potentially deliver a 50% reduction in cost. A patent application has been filed for this new invention.

BioSolar has shipped BioBacksheet samples to a select group of manufacturers for their evaluation in several regions of the country. In addition to obtaining key verification data points which reflect a growing sense of confidence in the company’s progress toward full-scale production, the company also had an opportunity to evaluate and prioritize the demands and needs of PV module manufacturers.

“Initial test results are very encouraging and we continue to receive positive feedback and be responsive to the needs of potential buyers of BioBacksheet,” said Dr. David Lee, CEO of BioSolar. “With solar cell demand expected to exceed supply for the next 5 to 10 years, we believe there is tremendous opportunity for growth.”

[chuck44l]

Thanks for the heads up guys, I will definatly be watching this one in the morning!!!!

[Technical_Indicator]

Adding BSRC to watchlist for this week!

[Stock_Analyzer]

NEWS AND CHART BELOW
News looks great for the long term outlook for BSRC, chart looks ready to bounce off .16 .18 ranges imo

BSRC news, looks like good news for the company! BioSolar Anticipates Federal Clean Energy Tax Package to Benefit Solar Industry
Monday October 13, 6:05 am ET
Company Prepares for Move Towards Full-Scale Production


SANTA CLARITA, Calif.--(BUSINESS WIRE)--BioSolar, Inc. (OTCBB:BSRC - News), the developer of a breakthrough technology to produce bio-based materials from renewable plant sources that reduce the cost of solar cells, says it anticipates unprecedented growth and benefits for the solar industry thanks to the recent passage of Federal legislation. H.R. 1424, the Emergency Economic Stabilization Act of 2008, provides an eight-year extension of solar energy tax incentives, thereby assuring industry stability.
ADVERTISEMENT


The Solar Electric Power Association expects the renewable energy bill will create more than 440,000 jobs and generate at least $325 billion in private investment. It is also expected that solar will grow despite the economic downturn, as most U.S. states are mandating increased use of renewable energy.

“By passing this important piece of legislation, Congress is encouraging the growth of renewable energy and the technology companies across the country, like BioSolar, that support it,” said Dr. David Lee, CEO of BioSolar. “We are excited about this turning point and the positive impact it will have not only on our company and the industry, but the environment as well.”

Dr. Lee reports that BioSolar is making a steady progress toward full scale production readiness and the company has recently announced innovative milestones in its manufacturing technology and processes. As reported recently in the San Fernando Valley Business Journal, BioSolar has applied for a patent for “a new material configuration and manufacturing technique to produce a version of the solar cells that can potentially deliver a 50% reduction in cost.”

The manufacture of photovoltaic cells has expanded dramatically in recent years. Photovoltaic production has also been doubling every two years, increasing by an average of 48% each year since 2002, making it the world’s fastest-growing energy technology. BioSolar, whose breakthrough technology dramatically reduces the cost of these solar cells by replacing traditional and expensive petroleum-based components with bio-based materials derived from renewable plant sources, sent waves throughout the industry this summer when it announced at the SPIE Optics+Photonics conference that its technology was derived from cotton and castor beans.

“We expect this breakthrough product to be rapidly accepted as the standard for the backsheet component of both traditional and certain thin-film photovoltaic modules,” said Dr. Lee. “Recent legislation, coupled with volatile petroleum pricing, uniquely position BioSolar at the forefront in the development of truly sustainable and cost-effective solar technology.”

About BioSolar, Inc.

BioSolar, Inc. has developed a breakthrough technology to produce bio-based materials from renewable plant sources that will reduce the cost per watt of solar cells. Most of the solar industry is focused on photovoltaic efficiency to reduce cost. BioSolar is the first company to introduce a new dimension of cost reduction by replacing petroleum-based plastic solar cell components with durable bio-based materials. To learn more about BioSolar, please visit our website at :: Bio Solar ::.

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.



Contact:
Avalanche Strategic Communications
Press Contact:
Denyse Dabrowski, 201-488-0049
denyse@avalanchepr.com
or
BioSolar, Inc.
Investor Relations Contact:
Tom Becker, 877-904-3733
ir@biosolar.com

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Source: BioSolar, Inc.

[Technical_Indicator]

Good volume today holding even at .20x.21

[pro_trader]

Shares of BSRC look to be making a bottom in the $0.15 to $0.25 range. If we simply regress back to the 200 day moving average of $0.50,we are looking at a well over 100% gain. Shares look like they could do that over the next several weeks. This is an extremely attractive level to be accumulating shares as we may not see shares this attractively priced again.

[pro_trader]

BSRC has bounced off the $0.17 level several times and has done so again today wwith a close up almost 13%. The lows on the stochastics appear to be geting higher as well suggesting a bullish breakout could be in the works. Traders should build a position in the stock now as we could see a regression back to the 50 day moving average currently at $0.33 which would result in a 50%+ gain.

[chuck44l]

BSRC up 13% today Resistance is .25 .32 .33 and .35 Support is at .15