Under the agreement, BioSolar will deliver its technology to Asian PV makers that export to the North American solar market

BioSolar CEO David Lee said the company’s BioBacksheet, which costs less than incumbent backsheet with similar durability, has become very appealing to large Asian PV panel manufacturers that export to the North American market.

"We are also benefiting from receiving USDA BioPreferred certification," Lee said.

"Because we achieved the highest possible biobased contents rating from the USDA, we are seeing increased interest in our BioBacksheet from foreign PV panel manufacturers pursuing sales to the US government."

BioSolar is a developer of a breakthrough technology to produce bio-based materials from renewable plant sources that reduce the cost of PV solar modules.