Panasonic to Develop Nanotech Solar Cell

December 15, 2002 by Jeff Shepard

Matsushita Electric Works Ltd., an affiliate of Matsushita Electric Industrial Co. (Japan), announced that it has agreed with Nanosys Inc. (Palo Alto, CA) to develop nanotechnology-based solar cells, which will have a core layer thickness of less than one-100th that of conventional solar cells. The company said it hopes to start selling the new solar cells in 2007.

"This is an outstanding opportunity for Nanosys and Matsushita Electric Works to deploy the compelling advantages of our expertise in nanotechnology into a major industry," said Larry Bock, Nanosys Founder

and CEO. "Matsushita, with their leadership and technological strength in the building materials industry, is an ideal partner for Nanosys."