From 8-K: Magnolia Solar Recipient of US Patent on High-Efficiency Multi-junction Solar Cells

Magnolia Solar Corporation (MGLT) ("Magnolia Solar") 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. 8,895,838 which describes an improved multi-junction solar cell structure. The patent issued on November 25, 2014 and is designed to protect and enhance Magnolia's innovations in the field of high-performance and flexible solar cells for photovoltaic applications. 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 to enhance solar cell efficiency, and novel, low-cost manufacturing processes. In addition, Magnolia Solar has filed a patent application for innovative design of portable power applications. These patents are at various stages of evaluation by the USPTO. The latest patent issued to Magnolia Solar describes an advanced multi-junction solar cell design structure employing high-performance III-V absorber materials and nanostructured antireflection coatings that will improve solar cell performance. 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 8,895,838 patent pertains to a novel device structure for increasing the efficiency of high-performance multi-junction solar cells. When combined with advanced epitaxial liftoff fabrication processes, this technology can be employed in the construction of ultra-high performance flexible solar photovoltaic modules."