Company Information for PowerFilm Inc.

Company stock charts - 12 Month chart

AIM; PFLM

Company Statement

PowerFilm, Inc. is a developer and manufacturer of thin, flexible solar panels based on a proprietary low cost production process. The company's objective is to target the building integrated solar power market and to continue to supply products for selected portable and remote solar power applications. PowerFilm is based in the state of Iowa in the U.S.

PowerFilm was founded in 1988 by Dr. Frank Jeffrey and Dr. Derrick Grimmer, both former 3M research physicists, with a combined 65 years of experience in semiconductor and solar energy research and development.

Thin Flexible Solar Panels

Since 1988, the company has focused on developing thin film solar panel technology and an industrial scale manufacturing process to produce low cost solar panels on a high volume basis. Elements of the company's low cost technology and manufacturing process include the use of: a durable, flexible plastic substrate; roll-to-roll manufacturing to minimize handling costs; amorphous silicon to avoid dependence on the silicon wafer market cycle; and printed interconnection to automate the cell connection process.

Having developed and commercialized an industrial scale production process for low cost thin, flexible solar panels, PowerFilm is in the process of expanding production capacity to meet the rapidly growing demand for solar panels.

Thin Film Electronics for Next Generation Flat Panel Displays

In addition to its solar panel products, PowerFilm has sought to leverage its core roll-to-roll manufacturing competence to develop additional thin film semiconductor devices. The company has formed a technology partnership with Hewlett Packard Corporation, one of the world’s leading technology companies, for the development of flexible, low cost backplane drivers for next generation flat panel displays. This development program has been funded by the U.S. Display Consortium. While this project is still in the research and development phase, it may enable the company to play a significant role in the future market for flat panel display technology. Future applications for PowerFilm’s thin film semiconductor know-how could also include RFID tags and electronic paper.

Company Diagram

PowerFilm's thin film solar technology

Operations and Technology

Building Integrated Solar Electric Power

Building integrated solar electric power, sometimes called building integrated photovoltaics (BIPV), is the combination of thin and flexible solar panels with standard building materials such as standing seam metal roofing, single-ply elastomeric membrane roofing, or architectural fabric. Thin and flexible PowerFilm solar panels have an attractive design and can be installed in a low-cost manner. This makes these solar panels especially well suited for building integrated applications

The electricity generated by the solar panels is stored in local batteries and converted to 110 AC for general wall outlet use, or, in some cases, is used directly for low-voltage lighting systems. The buildings can be either off-grid or grid-connected.

PowerFilm's initial building integrated solar power application is solar field shelters it has developed for the US Army, with its field shelter partner Johnson Outdoors/Eureka Tents. Shipments of solar field shelters to the US Army began in 2005.

PowerFilm is in the advanced stages of development of its 20-year lifetime building integrated solar panels for integration with metal roofing, membrane roofing, and architectural fabric. The company has completed a 10-kilowatt demonstration and evaluation project on metal roofing. PowerFilm plans to finalize independent third-party testing of its 20-year building integrated products and with building integrated strategic partners, launch building integrated solar products in 2007.

Portable Power

Portable Power encompasses the consumer part of today’s solar markets. Used for recharging consumer electronics such as laptops, cell phones, GPS, and mp3 players. Meanwhile Remote Power chargers are primarily used for recharging applications such as remote lighting, refrigeration, pumping, and GPS asset tracking. Portable and Remote chargers are either directly integrated with consumer electronic products or are designed as stand along chargers

Military and Emergency

Through various endeavors and contracts with the military a group of products were produced with the military and strategic partners. These products are made to fit the military’s needs and specifications. Consumer versions of some products are in production and available for purchase through PowerFilm or our strategic partners.

Board of Directors and Key Management

Dr. Frank Jeffrey	Co-Founder and Chief Executive Officer

Merlin Hanson	Non-Executive Chairman

David Lindop	Non-Executive Director

Company Address

2337 230th Street
Boone, Iowa, United States IA 50036


Telephone:	+1 515 292 7606, ext. 102
Facsimile:	+1 515 292 7606
Email:	info[at]powerfilmsolar.com
Website:	http://www.powerfilmsolar.com

Capital

Total Issued Shares (Common Stock): 36,388,959 shares Percentage of AIM securities not in public hands: 59.5%

Nominated Brokers

Nomura Code Securities Limited
1 Carey Lane
London EC2V 8AE
U.K.

Nominated Advisors