CORRECTING and REPLACING Phillips 66, South China University of Technology, and Solarmer Energy Set a World Record in Solar Power Conversion Efficiency

HOUSTON–(BUSINESS WIRE)–Headline of release should read: Phillips 66, South China University of Technology, and Solarmer Energy Set a World Record in Solar Power Conversion Efficiency (sted Phillips 66, China University of Technology, and Solarmer Energy Set a World Record in Solar Power Conversion Efficiency).

“Our interface technology results in a marked improvement in OPV cell efficiency and is compatible with the roll-to-roll process, which is critical for manufacturing high efficiency and low-cost OPV cells on a large scale”

The corrected release reads:

PHILLIPS 66, SOUTH CHINA UNIVERSITY OF TECHNOLOGY, AND SOLARMER ENERGY SET A WORLD RECORD IN SOLAR POWER CONVERSION EFFICIENCY

Phillips 66 (NYSE:PSX) South China University of Technology (SCUT), and Solarmer Energy, Inc. have successfully set a new world record in power conversion efficiency for polymer-based organic photovoltaic (OPV) cells. The 9.31 percent efficiency was certified by the Newport Technology & Application Center’s Photovoltaic Lab in Long Beach, Calif.

“The breakthrough in efficiency offers a good opportunity for the commercialization of the organic photovoltaic technology,” said Dr. Byron Johnson, manager of Sustainability Technologies at Phillips 66. “This marks an important milestone for the industry and has the potential to deliver truly low cost energy for the world.”

The new record was achieved as a result of collaboration between Solarmer’s materials development team; the Alternative Energy group at Philips 66 Technology led by its director, Dr. Ting He; and Prof. Hongbin Wu’s research group at SCUT. The champion cell utilized a new polymer jointly developed by Solarmer and Philips 66, combined with the interface technology developed at SCUT’s Polymer Optoelectronic Materials and Devices.