"Considerable work has been done in the solar industry to make solar cells more efficient. However, we believe that a critical advancement will be to actually control the delivery of sunlight onto solar cells. At HyperSolar, we are developing the world's first thin and flat light magnification layer for direct application on top of standard solar cells to increase their power output."

Mr. Young continued, "We are encouraged by our recent results. Our plan is to move to the prototype stage early next year and then to a commercial product."

HyperSolar's innovative thin and flat light magnification layer employs thousands of very small light collectors on the surface that funnel light into a proprietary light routing network in the middle that carries light to a smaller output area on the bottom where a solar cell can be attached.

Instead of using 3 solar cells to cover an area on a solar panel, only 1 solar cell is needed underneath a 300% HyperSolar layer. This allows solar panel manufacturers to reduce the number of expensive solar cells in their panels, by 66%, and dramatically reduce the cost per watt of their solar panels.

Mr. Young added, "The higher the light magnification in the HyperSolar layer, the higher the power magnification of the attached solar cell. As part of our development plan, we are exploring various designs and microphotonic elements to increase the magnification by as much as 400% in the final product."

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