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Cadmium Telluride Single Junction Solar Cell Results by EPIR and NREL Team: Breakthrough Fill Factor Achieved

According to Dr. Chollada Gilmore, EPIR's CdTe Solar Cell Technical Lead, "Our champion cell efficiency was officially verified by NREL at 15.2 % efficiency. The high efficiency was driven by a fill factor of 77.6%, which is one of the highest fill factor values ever recorded for this type of solar cell. These results are significant because our solar cells were fabricated using inexpensive commercial TEC-series glass substrates as opposed to technical-grade glass which is commonly used in champion cell fabrication."

Dr. Timothy Coutts, NREL Fellow Emeritus and founder of the Device Development Group at NREL, stated, "This achievement elevates EPIR to the very small group of solar companies and research facilities that have reproducibly fabricated CdTe solar cells with greater than 15% efficiency. This clearly validates EPIR's expertise in CdTe solar cell growth and fabrication."

Dr. Timothy Gessert, Principal Scientist and Group Manager of the NREL CdTe Research Group stated, "This is an important advancement for CdTe thin-film PV technology because it not only surpasses the previous best result that was published for commercial soda-lime glass by a clear margin (14.4% was the previous best result on commercial soda-lime glass), but all the layers incorporated into this new device structure are consistent with present commercial manufacturing processes."

EPIR Technologies, Inc. is a pioneer of single crystal II-VI photovoltaic materials and a global leader in the field of infrared sensors and imaging.

Forward-Looking Statements:

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, but not limited to, statements as to future operating results and plans that involve risks and uncertainties. We use words such as "expects" , "anticipates" , "believes" , "estimates" , the negative of these terms and similar expressions to identify forward looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by those projected in the forward-looking statements for any reason.

EPIR Technologies
Dr. Paul Boieriu
630/771-0203
cell: 630/842-0893