Inc. ("Shrink") (OTCBB: INKN), an innovative nanotechnology
company developing products and licensing opportunities in the solar energy
production, medical diagnostics and sensors and biotechnology research and development
tools businesses, today announced the formation of its Renewable Energy Team,
which is comprised of two distinguished academic and industry collaborators,
Drs. Sayantani Ghosh and Roland Winston.
The team is in charge of developing and laying out a business plan to commercialize
Shrink’s OptiSol™ Solar Concentrator. The company believes that
solar concentrator technology is game-changing and will be disruptive in terms
of cost, increased efficiency, upgradeability and environmental friendliness.
"Shrink’s solar concentrator technology, which does not require
mirrors, lenses or tracking systems, is currently going through a design integration
process to in effect, functionalize by `solarizing' common surfaces that every
American is familiar with. These surfaces and products include windows, siding,
roof tiles and other consumer products. We are currently in discussions with
leading solar industry companies, as well as other industry and thought leaders
in the solar space in order to make our vision a reality. With the additions
of Dr. Ghosh and Dr. Winston and the formation of the Renewable Energy Team,
we are moving one step closer to achieving our goals and strengthening our foothold
in this extremely important, and very sizeable, market," said Mark L.
Baum, CEO of Shrink Nanotechnologies. "The extensive knowledge and experience
of these two highly-regarded industry veterans makes all of us at Shrink excited
about the possibilities that lie ahead as we begin executing our plan to commercialize
The OptiSol Concentrator is a new generation disruptive nanotechnology-based
plastic solar concentrator and solar film that is a first-of-its-kind in the
solar photovoltaic (PV) industry. Traditional silicon solar cells absorb only
a small fraction of the total incident solar radiation potential, with a majority
of the light either reflected or converted to thermal energy (heat). The OptiSol
enhances the capabilities and efficiency of existing solar cell designs by focusing
and tuning the incident solar radiation from the sun for optimal silicon absorption,
with less of the total spectrum lost as heat or reflection.
OptiSol is an extremely low-cost solution, as efficient as leading technologies,
and is upgradeable, allowing customers to either replace or add to their existing
installations. The technology can easily be incorporated into various residential
and commercial construction materials, such as roofing, siding, and windows.
OptiSol does not rely on toxic or hazardous materials and can be made from biodegradable
corn-based plastics, thereby offering the first "renewable" renewable
The appointments of Dr. Ghosh and Dr. Winston are the latest in Shrink’s
ever expanding FIGA™ business, where the company brings together some
of the world’s leading scientific minds, which includes a network of top
experts in the fields of finance, industry, government, and academia.