Solar3D’s Simulation Systems Upgrade To Accelerate Development of High Efficiency Solar Cell

Silvaco Software Provides Industry-Focused Module to Forecast Solar Outputs and Perfect Design

BUSINESSWIRE SANTA BARBARA, CALIF. - Wednesday, Feb. 09, 2011.

Solar3D, Inc. (OTCBB: SLTD), the developer of a breakthrough 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity, today announced an upgrade of its computer simulation systems using the sophisticated software from Santa Clara-based Silvaco.

“We have known that getting access to the highest level simulation software was critical to our development process. Silvaco provides an accurate, solar-specific simulation module that enables us to forecast results without incurring the costs of developing trial and error prototypes; and saving critical development time as well,” said Jim Nelson, CEO of Solar3D, Inc.

Solar3D plans to have a working prototype by the end of the 2011. Specifically, the Silvaco software will allow Solar3D to complete complex calculations of how the light will be directed at each point of light contact; thus enabling the company to design an optical element (lens) that virtually eliminates reflection of light and the re-absorption of electrons.

Inspired by light management techniques used in fiber optic devices, Solar3D’s innovative solar cell technology utilizes a 3-dimensional design to trap sunlight inside micro-photovoltaic structures where photons bounce around until they are converted into electrons. The company’s management believes that this breakthrough solar cell will dramatically change the economics of solar energy.

Changwan Son, Solar3D’s Director of Technology said, “We went through a very serious search process to find the best possible tools for our simulation. Comparing accuracy, ease of use and thoroughness, among other factors, Silvaco came out the best by a wide margin. We are very pleased with the Silvaco product and also with their support team. They have been most helpful in getting us trained and proficient with the tools. This software will help direct us efficiently to the completion of our prototype.”

Nelson added, “Upgrading our systems in this way is part of what gives us a great deal of confidence in committing to the prototype by the end of the year.We are at the threshold of a new era where modeling of complex processes will transform our ability to understand and design new entities using predictive power. This has profound implications for the pace of discovery and the creation of new technologies.”

About Solar3D, Inc.

Solar3D, Inc. is developing a breakthrough 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity. Up to 30% of incident sunlight is currently reflected off the surface of conventional solar cells, and more is lost inside the solar cell materials. Inspired by light management techniques used in fiber optic devices, our innovative solar cell technology utilizes a 3-dimensional design to trap sunlight inside micro-photovoltaic structures where photons bounce around until they are converted into electrons. This next generation solar cell will be dramatically more efficient, resulting in a lower cost per watt that will make solar power affordable for the world. To learn more about Solar3D, please visit our website at http://www.Solar3D.com.

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

Contacts

Beckerman
Laura Finlayson
Lfinlayson@beckermanpr.com
(201) 465-8007

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