May 3, 2010—Shrink Nanotechnologies, Inc., a nanotechnology company developing products and licensing opportunities in the solar energy production, medical diagnostics and sensors and biotechnology research and development tools businesses, announced the formation of a new wholly owned subsidiary called Shrink Solar LLC, which is focused on commercializing its solar technologies.
“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 poly-crystalline solar cell arrays”
The company’s nano-structured solar film designs will be held in Shrink’s new wholly owned “Shrink Solar LLC” operating unit, which will soon enable solar consumers to add “energy-producing abilities” to products already in production, from rooftop applications to windows and beyond, says the company. Possibilities include a window that produces power and a traditional silicon rooftop solar array made much more efficient.
“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 poly-crystalline solar cell arrays,” said Mark L. Baum, CEO of Shrink Nanotechnologies, Inc.
Using Shrink Solar’s patent-pending nanocrystal-based technology, Shrink’s technologies enhance silicon’s ability to absorb sunlight and convert it to electricity. For more information, see the Shrink Nanotechnologies Web site.
