Magnolia Solar Corporation Files 2011 Annual Report

MGLT Security Details
Share Structure
Market Value1 $3,422,900 a/o Mar 30, 2012
Shares Outstanding 26,330,000 a/o Nov 10, 2011

Magnolia Made Significant Progress in 2011 and Plans to Start Commercialization Program in 2012
WOBURN, MA and ALBANY, NY, Mar 30, 2012 (MARKETWIRE via COMTEX) -- Magnolia Solar Corporation (OTCBB: MGLT) ("Magnolia Solar," "Magnolia") announced today it filed its annual report with the Securities and Exchange Commission on Thursday, March 29, 2012.
Magnolia Solar is a development stage company focused on next generation nanostructure-based thin film solar cells that can be deposited on glass and other flexible substrates for defense and commercial applications. Magnolia's research and development effort is located at the Albany Nanotech Center of the College of Nanoscale Science and Engineering (CNSE) in Albany. Magnolia is also part of the Photovoltaic Manufacturing Consortium (PVMC) funded by the U.S. Department of Energy under the Sun Shot program. In addition, State of New York and the New York State Energy Research and Development Agency (NYSERDA) have invested approximately $100 million to build a new facility for the PVMC next generation Copper Indium Selenide (CIGS) based manufacturing process development.

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