Magnolia Solar Corporation announced today that its wholly owned subsidiary, Magnolia Solar, Inc., was recently issued a patent by the United States Patent and Trademark Office (USPTO).
Magnolia Solar, Inc. is the assignee of US Patent No. 8,865,506 which describes a roll-to-roll process method for fabricating solar cells. The patent issued on October 21, 2014 and is designed to protect and enhance Magnolia's innovations in the field of flexible photovoltaics.
Magnolia Solar is actively working on the development of flexible, lightweight, high-efficiency solar cell technologies for a wide range of portable power applications. Magnolia Solar's technology portfolio includes nanostructured antireflection coatings, advanced photovoltaic absorber structures, and novel, low-cost manufacturing processes. The latest patent issued to Magnolia Solar describes a roll-to-roll solution process for fabricating flexible solar cells employing copper indium gallium selenide (CIGS) absorber materials.
Dr. Ashok K. Sood, President and CEO of Magnolia Solar, stated, "We have been aggressively pursuing more than a dozen US patent applications as a means to protect our intellectual property (IP) in the field of flexible photovoltaics. The 8,865,506 patent pertains to a novel manufacturing method utilizing roll-to-roll solution processes. This technology has the potential to significantly reduce the manufacturing costs associated with the production of flexible photovoltaic modules."