GUIDING LIGHT: How MGLT (OTC.BB) is Revolutionizing Solar Power
GUIDING LIGHT: How MGLT (OTC.BB) is Revolutionizing Solar Power
MGLT (OTC.BB)
Current Price .06
/EINPresswire.com/For a decade now, businesses and politicians around the globe have gone "green" and molded their campaigns around the environment. But action has always spoken louder than words. While many companies only promote their "green" images in front of microphones, others are actually leaving a legacy with their hard work and research. Magnolia Solar, Inc. (MGLT: OTC BB), a small cap founded in 2008 and trading at $0.06 per share, is a shining example of the latter. The company's thin film solar cells offer a substantially lower cost potential than crystalline solar cells, use less expensive materials, and apply proprietary nano-micro technologies that allow for dramatic improvements in solar cell efficiency.
Don't let the scientific jargon scare you away. Nanotechnology is simply the science of the incredibly small. Without it, the fields of solar technology, medicine, and robotics, to name just three, would be making significantly less headway. According to the International Energy Agency, world electricity demand is projected to increase by 2.2 percent each year between 2008 and 2035. So, while many still choose to argue about the causes of climate change or who exactly killed the electric car, MGLT is keeping its proverbial nose to the grindstone.
Let's take a brief look back at their achievements so far.
-In March 2010, the up-and-coming solar company received attention from several broadcast outlets including Channel 10 in Albany, New York and the FOX News Channel.
-In late 2010, the company merged with publicly-traded Mobilis Relocation Service Holdings Inc., and the entity became the publicly-traded Magnolia Solar Corp.
-Also in late 2010, the company won a $1 million grant from the New York State Energy Research and Development Authority to work with the College of Nanoscale Science and Engineering in developing their tech at the University of Albany in New York.
-In May 2011, the Woburn-based small cap received a $100,000 grant to develop solar power technologies for NASA exploration and science missions. MGLT said the Phase 1 Small Business Innovation Research is for technologies that would increase the power output of advanced photovoltaic systems used by NASA. "Future space exploration and earth science missions will require lightweight photovoltaic power systems capable of operating over a wide range of conditions," said Dr. Roger Welser, Magnolia's chief technical officer, in a statement announcing the grant.
-On Aug. 23, 2011, Magnolia Solar said it demonstrated high-voltage solar cells that use Indium Gallium Arsenide (InGaAs). These cells overcome the problem of reduced photon absorption in typical thin-film cells by using a patent-pending quantum well waveguide structure to trap scattered light inside the solar cells . The company plans to develop the technology for defense and space operations and to develop a similar technology for the more common Copper Indium Gallium Selenide (CIGS) photovoltaic market. The InGaAs cells are more expensive since they use some of the same high-cost compounds in Gallium Arsenide-based photo-voltaics . These are intended for the defense and space industries, according to Magnolia Solar CEO Dr. Ashok K. Sood. Space cells are also intended for the best solar conditions, and their production capacity falls off quickly as the sun wanes or is obscured. "What we're trying to do is get optimum efficiency all day long," Sood said.
Since then, MGLT has been making the rounds. The company's team spent the latter part of 2011 presenting at the NASA SPRAT Conference, the 4th Annual NanoRenewable Energy Summit Conference in Colorado, and the Advanced Energy Conference in Buffalo, NY. This forward momentum suggests that Magnolia Solar Inc. will be just as busy and fruitful in 2012. For everyone's sake, if you're going to go "green" on your investments, MGLT seems like a good place to start.
Full disclaimer disclosure.
http://tomorrowsbluechips.com/disclaimer/
Seraphim Strategies
Lou Levenstein
727.489.9939
www.seraphimstrategies.com
www.tomorrowsbluechips.com
Forward-Looking Statements
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.
MGLT (OTC.BB)
Current Price .06
/EINPresswire.com/For a decade now, businesses and politicians around the globe have gone "green" and molded their campaigns around the environment. But action has always spoken louder than words. While many companies only promote their "green" images in front of microphones, others are actually leaving a legacy with their hard work and research. Magnolia Solar, Inc. (MGLT: OTC BB), a small cap founded in 2008 and trading at $0.06 per share, is a shining example of the latter. The company's thin film solar cells offer a substantially lower cost potential than crystalline solar cells, use less expensive materials, and apply proprietary nano-micro technologies that allow for dramatic improvements in solar cell efficiency.
Don't let the scientific jargon scare you away. Nanotechnology is simply the science of the incredibly small. Without it, the fields of solar technology, medicine, and robotics, to name just three, would be making significantly less headway. According to the International Energy Agency, world electricity demand is projected to increase by 2.2 percent each year between 2008 and 2035. So, while many still choose to argue about the causes of climate change or who exactly killed the electric car, MGLT is keeping its proverbial nose to the grindstone.
Let's take a brief look back at their achievements so far.
-In March 2010, the up-and-coming solar company received attention from several broadcast outlets including Channel 10 in Albany, New York and the FOX News Channel.
-In late 2010, the company merged with publicly-traded Mobilis Relocation Service Holdings Inc., and the entity became the publicly-traded Magnolia Solar Corp.
-Also in late 2010, the company won a $1 million grant from the New York State Energy Research and Development Authority to work with the College of Nanoscale Science and Engineering in developing their tech at the University of Albany in New York.
-In May 2011, the Woburn-based small cap received a $100,000 grant to develop solar power technologies for NASA exploration and science missions. MGLT said the Phase 1 Small Business Innovation Research is for technologies that would increase the power output of advanced photovoltaic systems used by NASA. "Future space exploration and earth science missions will require lightweight photovoltaic power systems capable of operating over a wide range of conditions," said Dr. Roger Welser, Magnolia's chief technical officer, in a statement announcing the grant.
-On Aug. 23, 2011, Magnolia Solar said it demonstrated high-voltage solar cells that use Indium Gallium Arsenide (InGaAs). These cells overcome the problem of reduced photon absorption in typical thin-film cells by using a patent-pending quantum well waveguide structure to trap scattered light inside the solar cells . The company plans to develop the technology for defense and space operations and to develop a similar technology for the more common Copper Indium Gallium Selenide (CIGS) photovoltaic market. The InGaAs cells are more expensive since they use some of the same high-cost compounds in Gallium Arsenide-based photo-voltaics . These are intended for the defense and space industries, according to Magnolia Solar CEO Dr. Ashok K. Sood. Space cells are also intended for the best solar conditions, and their production capacity falls off quickly as the sun wanes or is obscured. "What we're trying to do is get optimum efficiency all day long," Sood said.
Since then, MGLT has been making the rounds. The company's team spent the latter part of 2011 presenting at the NASA SPRAT Conference, the 4th Annual NanoRenewable Energy Summit Conference in Colorado, and the Advanced Energy Conference in Buffalo, NY. This forward momentum suggests that Magnolia Solar Inc. will be just as busy and fruitful in 2012. For everyone's sake, if you're going to go "green" on your investments, MGLT seems like a good place to start.
Full disclaimer disclosure.
http://tomorrowsbluechips.com/disclaimer/
Seraphim Strategies
Lou Levenstein
727.489.9939
www.seraphimstrategies.com
www.tomorrowsbluechips.com
Forward-Looking Statements
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.
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