Octillion Enters Into Development Agreement For New Solar To Electricity Glass Windows

 

Octillion Enters Into Development Agreement For New Solar To
Electricity Glass Windows
Monday September 11, 2:20 pm ET


VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 11, 2006--Octillion
Corp. (Pink Sheets: OCTL - News):
New Nanosilicon Photovoltaic Solar Cell Technology Could Adapt Home and
Office Glass Windows into ones Capable of Generating Electricity from
Sunlight without Losing Significant Transparency or Requiring Major
Changes in Manufacturing Infrastructure
Octillion Corp. (Pink Sheets: OCTL - News) today announced that it has
entered into a Sponsored Research Agreement with scientists at the
University of Illinois in Urbana-Champaign for the development of a new
patent-pending technology using nanosilicon photovoltaic solar cells
that could convert normal home and office glass windows into ones
capable of converting solar energy into electricity. Limited loss of
transparency and minimal changes in manufacturing infrastructure are
among the advantages envisioned for this new technology.

The technological potential of adapting existing glass windows into
ones capable of generating electricity from the sun's solar energy has
been made possible through a ground breaking discovery of an
electrochemical and ultrasound process that produces identically sized
(1 to 4 nanometers in diameter) highly luminescent nanoparticles of
silicon that provide varying wavelengths of photoluminescence with high
quantum down conversion efficiency of short wavelengths (50% to 60%).

When thin films of silicon nanoparticles are deposited (sprayed) onto
silicon substrates, ultraviolet light is absorbed and converted into
electrical current. With appropriate connections, the film acts as
nanosilicon photovoltaic solar cells that convert solar radiation to
electrical energy.

The process of producing silicon nanoparticles is supported by 10
issued US patents, 7 pending US patents, 2 issued foreign counterpart
patents and 19 pending foreign counterpart patents.

Our research and development work involves integrating films of silicon
nanoparticles on glass surfaces in order to convert solar energy coming
through home and office windows into electricity, without losing
significant transparency or requiring major changes in manufacturing
infrastructure.

About Octillion Corp.

Octillion Corp., together with its wholly owned subsidiaries, is a
technology incubator focused on the identification, acquisition,
development and eventual commercialization of emerging technologies.

Through established relationships with universities, research
institutions, teaching hospitals and government agencies, we strive to
identify technologies and business opportunities on the leading edge of
innovation that have the potential of serving significant and unmet
market needs.

Once a technology has been identified, we fund the research and
development activities relating to the technology with the intention of
ultimately, if warranted, licensing, commercializing and marketing the
subject technology, either through internal resources, collaborative
agreements or otherwise.

Unique to our business model is the use of established research
infrastructure owned by the various institutions we deal with, saving
us significant capital which would otherwise be required for such
things as land and building acquisition, equipment and furniture
purchases, and other incidental start up costs. As a result, we are
able to benefit from leading edge research for significantly less than
conventional organizations.

Among our current research and development activities are the
development of 1) a patent-pending technology that could adapt existing
home and office glass windows into ones capable of generating
electricity from solar energy without losing significant transparency
or requiring major changes in manufacturing infrastructure, and 2)
technologies and products for peripheral and optic nerve damage and
nerve regeneration.

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