WEST PALM BEACH, Fla.--(BUSINESS WIRE)--China Nuvo Solar Energy, Inc. (the “Company” or “China Nuvo”) (OTCBB:CNUV) 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.
China Nuvo Solar Energy, Inc. is a nominally capitalized early stage company that owns a unique patent pending solar technology and is working to develop a commercially viable higher efficiency stacked photovoltaic solar cell.