AUSTIN, Texas, April 20, 2011 (GLOBE NEWSWIRE) -- Applied Nanotech Holdings, Inc. (OTCBB:APNT) is pleased to announce the official launch of its new solar inks pilot manufacturing line with a ribbon cutting ceremony on Friday, May 6, 2011 at 2:00pm CDT at Applied Nanotech's newly extended facility. The ceremony will begin with comments by Lee Leffingwell, Austin City Mayor, Lloyd Doggett, Congressman, 25th District of Texas and Applied Nanotech executive officers, Dr. Zvi Yaniv, and Doug Baker. The launch will end with a tour of the facility and a networking hour.
Applied Nanotech's nanoparticle ink technology formulations of aluminum, copper, nickel and silver will be delivered using aerosolized jet, inkjet and spray coating methods and other non-contact printing techniques that will enable ultra-thin silicon wafers to be used for photovoltaic applications.
Currently, solar cell wafers must be thick enough to survive the direct contact metallization processes which use screen printing equipment that comes in direct contact with the wafer and can exert enough force to cause ultra-thin wafers to break. Silicon is the largest cost in conventional solar cell production and the primary material in solar cells, making up 50-60 percent of overall cost. Using methods such as inkjet, aerosol jet and spray coating – all non-contact methods – will allow solar companies to save substantial material costs on the amount of silicon used by enabling the use of thin wafers. "Through its proprietary nanoparticle inks and non-contact printing methods, Applied Nanotech is leading the transition to use thin solar wafers in high throughput production environments," commented Dr. Zvi Yaniv, CEO of Applied Nanotech, Inc. "The solar industry is set to be transformed by nanotechnology as new inking techniques work to lower overall solar cell costs and preserve solar as one of the leading renewable energy options in the market for decades to come."
In September 2010, Applied Nanotech was awarded $1.6 million in federal funding as part of The Recovery Act funds administered through the Department of Energy to develop its solar inks pilot manufacturing line. Applied Nanotech added 4,000 square feet to its 16,000 square foot existing state-of-the-art facility, located in Austin, Texas. The new addition enables the company to develop and produce prototypes using its metallic inks printed onto thin silicon solar cells, and contributes to local clean energy job creation. "The fact that we are now able to produce sample inks in substantial quantities will accelerate commercialization [by other manufacturers] and licensing of our nanoparticle inks and non-contact printable approach," stated Doug Baker, CEO of Applied Nanotech Holdings Inc.
ABOUT APPLIED NANOTECH HOLDINGS, INC.
Applied Nanotech Holdings, Inc. (OTCBB:APNT) is a premier research and commercialization organization focused on solving problems at the molecular level. Its team of PhD level scientists and engineers work with companies and other organizations to solve technical impasses and create innovations that will create a competitive advantage. The business model is to license patents and technology to partners that will manufacture and distribute products using the technology. Applied Nanotech has over 300 patents or patents pending. Applied Nanotech's website is .
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that involve risks and uncertainties concerning our business, products, and financial results. Actual results may differ materially from the results predicted. More information about potential risk factors that could affect our business, products, and financial results are included in our annual report on Form 10-K for the fiscal year ended December 31, 2010, and in reports subsequently filed by us with the Securities and Exchange Commission ("SEC"). All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval System (EDGAR) at www.sec.gov or from our website listed above. We hereby disclaim any obligation to publicly update the information provided above, including forward-looking statements, to reflect subsequent events or circumstances.
CONTACT: Company Contact: Doug Baker Applied Nanotech Holdings, Inc. 248.391.0612 firstname.lastname@example.org Public Relations Contact: Mercom Capital Group 512-215-4452 email@example.com