China Nuvo Solar Energy Acquires Additional Photovoltaic Intellectual Property

WEST PALM BEACH, Fla.--China Nuvo Solar Energy, Inc. (the “Company” or “China Nuvo”) (OTCBB:CNUV - News) announced today that it has acquired from Photovoltaics, Inc. a variety of solar technologies/inventions consisting of six provisional or utility patents. This newly acquired intellectual property relates to enhancements of currently available technologies ranging from increases in output and efficiency to the use of lower cost newly discovered photovoltaic materials and processes.
The Company believes that each of the technologies have the potential, when commercialized, of reducing the cost per kilowatt hour of solar energy thereby making it more competitive with other energy sources. China Nuvo is in the process of finalizing utility patents for those that are currently provisional.
The Company’s plans regarding a business model to fully exploit the value of these newly acquired technologies is presently under development and will be announced when fully developed.

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Summary:

China Nuvo Solar Energy, Inc. (CNUV) focuses on the development and manufacture of solar cell technology products. It holds rights to solar cell technology relating to a multiple stacked solar cell using waveguide transfers. The company’s licensed technology, patented as Photovoltaic cell with integral light transmitting waveguide in a ceramic sleeve, utilizes Cadmium/Tellurium Cadmium/Sulfide powders layered in a ceramic sleeve with a conductive metal back contact. The ceramic sleeve, which serves as a receptacle for the various materials used in the solar cell, eliminates the need for expensive vacuum chambers or a vat with a molten material. A removable lens, clamped on to the cell, gives CNUV the unique ability to repair or add materials to the finished solar cell. Governments worldwide are stepping up efforts to promote renewable clean energy technologies. Government subsidiaries and financial incentives in more than 40 countries around the world are fueling deployment of solar energy installations and creating business opportunities for technology innovators such as CNUV.


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