PGI Energy, Inc. (PGIE)

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News Releases

PM & E, Inc. announced today that it’s wholly owned subsidiary, Suncetix Inc. which engaged in Research & Development and production of Concentrated Modular Photovoltaic Applications of high efficiency and low cost has further developed new PV cells which are much more efficient than cells currently available on the market. Such new efficiency is achieved by adding new active layers to already existing cell. Preliminary tests showed that after addition of these new layers the efficiency of the solar cell increased by 2 - 2.8 times, with significantly small increases in cost. In lab tests solar cell efficiency went from 12% to nearly 25% after the additional layers were added. CEO Mr. Jack Merck said:” The Company is very excited to see preliminary lab results, future development of this technology may significantly reduce the costs required to increase efficiency of solar cells. Implementation of these modified cells in MPVS may decrease dramatically $/Kwh even in comparison to results already obtained by our system which has an average cost of 2c or less per Kwh