Contact Information: Contact: Robert Lentz (614) 876-2000
SCI Engineered Materials, Inc. Receives Award to Commercialize Additional Products for Thin Film Solar Industry
| Source: SCI Engineered Materials, Inc.
COLUMBUS, OH--(Marketwire - December 16, 2008) - SCI Engineered Materials, Inc. (SCI) (OTCBB : SCIA ), a manufacturer of ceramics and metals for advanced applications in
the physical vapor deposition industry, today announced it has been awarded
a $708,715 grant from the Ohio Department of Development, subject to State
of Ohio Controlling Board approval. This grant, pursuant to the State of
Ohio's Third Frontier Advanced Energy Program, is for the commercialization
of rotatable ceramic sputtering targets for thin film photovoltaic solar
cell manufacturing. Specifically, the Company will commercialize
technologies for the production of transparent conductive oxide coated
glass used in thin film photovoltaic solar panels.
Rotatable ceramic sputtering targets can be used in production processes
involving glass, stainless, or plastic substrates, making them applicable
for second generation thin film and third generation dye cells. Optimizing
the composition of the coating utilizing these targets will allow
manufacturers to improve the efficiency of photovoltaic modules.
SCI has supplied materials to the Thin Film Solar (TFS) industry for more
than 10 years during the industry's early stages of development. The grant
from the Ohio Department of Development will be used to accelerate the core
competencies SCI has developed during this period. SCI recently announced
the appointment of European based CCT-Solar as its exclusive manufacturer's
representative to the European solar industry. The TFS industry is an
alternative energy technology currently experiencing rapid growth, which is
expected to continue for the foreseeable future as markets cope with
increasing demand for electricity, higher long-term rising fossil fuel
costs, and global environmental effects.
About SCI Engineered Materials, Inc.
SCI Engineered Materials, Inc. manufactures ceramics and metals for
advanced applications such as photonics including solar, thin film
batteries, and semiconductors. SCI Engineered Materials is a global
materials supplier with clients in more than 40 countries. Additional
information is available at http://www.sciengineeredmaterials.com.
This press release contains 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, which are
intended to be covered by the safe harbors created thereby. Those
statements include, but are not limited to, all statements regarding
intent, beliefs, expectations, projections, forecasts, and plans of the
Company and its management, and specifically include statements concerning
required approval by the State of Ohio Controlling Board, These
forward-looking statements involve numerous risks and uncertainties,
including, without limitation, other risks and uncertainties detailed from
time to time in the Company's Securities and Exchange Commission filings,
including the Company's Annual Report on Form 10-KSB for the year ended
December 31, 2007. One or more of these factors have affected, and could in
the future affect, the Company's projections. Therefore, there can be no
assurances that the forward-looking statements included in this press
release will prove to be accurate. In light of the significant
uncertainties in the forward-looking statements included herein, the
inclusion of such information should not be regarded as a representation by
the Company, or any other persons, that the objectives and plans of the
company will be achieved. All forward-looking statements made in this press
release are based on information presently available to the management of
the Company. The Company assumes no obligation to update any
forward-looking statements.