Prism Solar Technology, Inc.
|Title:||President - CEO|
|Primary Industry:||Solar Energy|
|Executive Summary:||Prism Solar Technologies, Inc. (PST) will manufacture a unique planar concentrator photovoltaic (“PV”) module that incorporates the Company’s proprietary holographic optical films to achieve low module manufacturing costs. The Company’s primary business focus will be to sell the films to module manufacturers however PST will also produce modules for domestic markets. The Holographic Planar Concentrator (“HPC”) technology uses volume holographic films to collect, spectrally select, and focus sunlight onto solar cells for power and specialty applications. The HPC elements replace 29%-70% of the expensive and capacity-constrained silicon cells of a traditional module and produce 5%-10% more kWh per rated Wp compared to traditional modules. Prism’s HPC technology can be used with any PV cell technology. A strong management team led by seasoned PV veterans complements the strengths of the scientific team that developed the technology. Prism’s management has extensive experience in designing, fabricating and selling PV products and systems. The Company is currently equipping an R&D laboratory in Tucson, Arizona. The Company will utilize the proceeds of the offering to equip a production facility, which will be operational 10-12 months after funding. The firm has resiased over $8.5MM to date.|