Shrink Nanotechnologies Forms Solar Subsidiary

Shrink Nanotechnologies Inc., a nanotechnology company that develops products and licensing opportunities in the solar energy production, medical diagnostics and sensors and biotechnology research and development tools businesses, has formed a new wholly owned subsidiary called Shrink Solar LLC, which is focused on commercializing its solar technologies.

Using the company's nano-structured solar film designs, Shrink's solar concentrator designs, which will now be held in Shrink's new wholly owned Shrink Solar LLC operating unit, will soon enable solar consumers to add energy-producing abilities to products already in production, from rooftop applications to windows, the company says.

‘Shrink Solar's goal is to transform the $37 billion solar energy production market worldwide by designing and selling our solar concentrators as a low-cost performance-enhancing add-on device, to create more wattage per square meter, for existing mono- and polycrystalline solar cell arrays,’ states Mark L. Baum, CEO of Shrink Nanotechnologies Inc.

SOURCE: Shrink Nanotechnologies Inc.

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