Through Exclusive License Agreement and Its Commitment to American Cleantech Innovation, Shrink Seeks to Develop and Commercialize New Solar Concentrator into the World’s First Solar Accessory Designed to Increase the Efficiency of Existing Flat Panel Solar Installations and “Dumb” Windows CARLSBAD, Calif.--(BUSINESS WIRE)--Shrink Nanotechnologies, Inc. (“Shrink”) (OTCBB: INKN) (OTCBB: INKND), an innovative nanotechnology company developing products and licensing opportunities in the solar energy production, medical diagnostics and sensors and biotechnology research and development tools businesses, announced today that in addition to the solar concentrator application which was filed by its major California public university licensor, Shrink has filed new additional patent applications on its landmark solar concentrator technology. Shrink has the exclusive rights to develop and commercialize products based on a patent-pending Quantum Dot Solar Concentrator technology, which enhances existing silicon-based photovoltaic (PV) systems and the ability for these systems to absorb sunlight and convert it to electricity. “We believe that with additional development and commercialization work with the partners we have brought on and those who we believe will come online soon, Shrink Solar, our new solar-specific operating unit, can successfully integrate our technologies into existing solar powered rooftop applications, residential and commercial windows and additional 'low hanging fruit' applications. Our technology does not rely on mirrors, a lens or a tracking device. It just absorbs ambient light. Shrink is now securing a number of development relationships and additional marketing partnerships to bring our now patent-pending systems to residential, commercial and industrial end-users,” said Mark L. Baum, CEO of Shrink Nanotechnologies, Inc.
