May 05, 2010
By: by Larry Bawden, CEO, Bloo Solar
West Sacramento, CA (May 4, 2010) - Bloo Solar, a West Sacramento renewable solar energy company, announced today the selection of CVD Equipment Corporation (CVD) to develop and manufacture the equipment for its unique 3rd generation three dimensional architecture, thin film, solar module.
Bloo Solar, has started its "Solar Brush" wafer development production run which it plans to bring to market with initial commercial modules in 2012.
Bloo Solar's "Solar Brush" is a 3rd generation technology that has many fundamental advantages over existing PV technologies that rely on traditional planar solar cells. The three dimensional single junction architecture provides more surface area, superior light trapping and minimum recombination to provide higher efficiency and a total power output up to 1.5 to 3 times higher than current technologies.
"This is an important partnership for our company," said Larry Bawden, CEO of Bloo Solar. Bloo Solar has developed a solid technology baseline over the last three years which we are starting to commercialize. The TCO is key to our design for our three dimensional Solar Brush technology."
By selecting CVD as its partner, Bloo Solar will develop a key process for Transparent Conductive Oxide (TCO) coating. CVD Equipment provides offline and online CVDgCoatTM APCVD for fluorine doped SnO2 (SnO2:F) coating and offline LPCVD for ZnO coating.
"CVD Equipment Corporation is focusing on enabling the commercialization of tomorrow's technologies," says Karlheinz Strobl, VP of Business Development of CVD. "Through the combination of our Application Laboratory with our experience in designing and manufacturing a wide variety of CVD related research and manufacturing equipment, we believe that we can optimally help Bloo Solar reach its commercialization needs. In particular our focus on a variety of TCO coating processes and production scale-up equipment is being fully utilized in this relationship."
About Bloo Solar
Q1 NanoSystems Corporation, d/b/a Bloo Solar is a 3rd generation technology, three dimensional an ultra thin film renewable solar energy company located in West Sacramento, California. Bloo Solar's products utilize nano structured photovoltaic cells to increase the total daily power output of solar module. Bloo Solar's mission is to provide clean, safe, renewable energy at a price the world can afford. For further information regarding Bloo Solar, please visit www.bloosolar.com.
About CVD Equipment Corporation CVD Equipment Corporation (NASDAQ: CVV) is a designer and manufacturer of standard and custom state-of-the-art equipment used in the development, design and manufacture of advanced electronic components, materials and coatings for research and industrial applications. CVD offers a broad range of chemical vapor deposition, gas control, and other equipment that is used by customers to research, design and manufacture semiconductors, solar cells, carbon nanotubes, nanowires, LEDs, MEMS, industrial coatings and equipment for surface mounting of components onto printed circuit boards.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release by CVD Equipment Corporation (CVD), as well as information included in oral or other written statements made or to be made by CVD, contains statements that are forward-looking. All statements other than statements of historical fact are hereby identified as "forward-looking statements," as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward looking information involves a number of known and unknown risks and uncertainties that could cause actual results to differ materially from those discussed or anticipated by management. Potential risks and uncertainties include, among other factors, industry specific and general business conditions, competitive market conditions, success of CVD's growth and sales strategies, possible customer changes in delivery schedules, cancellation of orders, delays in product shipments, delays in obtaining parts from suppliers, failure to satisfy customer acceptance requirements and other risk factors described in CVD's SEC filings. All forward-looking statements are based on management's estimates, projections and assumptions as of the date hereof and CVD assumes no obligation to update this press release. For further information regarding CVD please contact Investor Relations by Phone: (631) 981-7081, Fax: (631) 981-7095 or Email: investorrelations@CVDequipment.com or visit our website at www.CVDequipment.com
Media Contact: Larry Bawden CEO