"At a time when explosive demand for PV modules globally is fueling demand for module components, building our own manufacturing facilities does not allow us to be flexible, and may actually limit our growth," said Dr. David Lee, CEO of Biosolar.
"Recognizing that building our own manufacturing capacity is both extremely capital and management intensive, Biosolar will instead enter into manufacturing supply agreements with experienced plastics compounders and film extruders, allowing us to reduce production costs while simultaneously providing flexible manufacturing capacity to meet increasing demand from PV module manufacturers."
Biosolar uses bio-based materials from renewable plants to make protective backing for PV solar modules. Their backsheets are designed to replace current expensive and environmentally hazardous petroleum-based backsheets.
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