BioSolar Inc. says it has received its first-ever commercial BioBacksheet order. The first shipment of BioBacksheet will be used for the manufacture of specialty PV panels for electric utility vehicles, with anticipated further shipments to be used by military and other mobile applications. The customer was not named.
‘Though the sales cycle for specialty PV panels can be shorter than mainstream PV panels, it is important to note that the durability requirements in this market segment are much more stringent than what is normally expected from standard PV components,’ notes Dr. David Lee, CEO.
‘The length of time it takes for mainstream PV customers to complete the full purchase cycle is long, but it also creates a barrier of entry for the competition,’ he adds, noting that BioSolar now plans to expand sales into mainstream PV markets.
