PRZOOM - /newswire/ -
Durham, NC, United States, 2009/06/05 - 510nano received its performance testing report on its Reflexive™ PV concentrator technology. The report concludes that 510nano’s Reflexive™ solar concentrator significantly increases the power output of a PV panel.
510nano received its performance testing report on its Reflexive™ PV concentrator technology from the North Carolina Solar Center at North Carolina State University. The report concludes that 510nano’s Reflexive™ solar concentrator significantly increases the power output of a PV panel. Tommy Cleveland, the engineer who prepared the report, said the peak output from the Reflexive™ technology increased output by 59 to 73% based on efficiency data.
Dr. Reginald Parker, CEO of 510nano, remarks that “This is good news. It is consistent with our expectations for this technology.” 510nano’s technology roadmap promises grid parity solar in five years through its solar technology suite. Reflexive™ is the first step in the roadmap." Dr. Parker says that Reflexive™ is designed to lower the cost of solar installation by 30%. This technology provides 510nano cost leadership and a significant opportunity for investors.
Dr. Craig Brubaker, 510nano’s chairman, is sufficiently pleased with where this puts the innovated pre-revenue company. “510nano has customers, investors and licensees lined up based on this technology performing. “Well, it performed. Now, the hard work begins”, says Dr. Brubaker. 510nano expects product certification by the end of July with sales beginning in August.
The company will complete four exclusive licenses of its technology, develop new licenses and close on projects to build solar farms. Tim Webb, 510nano’s CFO, says “Reflexive™ allows for a compelling, new price point for installed solar. The product is uniquely able to improve the return on investment. This is a no-brainer.” 510nano is excited about the market outlook and its company’s product given public interest in solar and the push of green technology.
510nano (510nano.com), founded in 2005, is a North Carolina based innovation company. 510nano has built a large technology portfolio since its inception. These technologies, which are in differing stages of commercialization, are designed to deliver cost-competitive, green technologies with their associated business models. As the wavelength of green is centered on 510 nanometers, 510nano is branded as the “Green Solutions Provider”.
The North Carolina Solar Center serves as a clearinghouse for solar and other renewable energy programs, information, research, technical assistance, and training for the citizens of North Carolina and beyond. The Solar Center is sponsored by the NC Department of Administration's State Energy Office, the U.S. Department of Energy, and the NC Solar Center Foundation. The Solar Center is operated by the College of Engineering at North Carolina State University.