SkyFuel's High Reflectance Mirror Film with Abrasion Resistant Coating

Arvada, Colorado - February 26, 2013: SkyFuel's mirror film subsidiary, ReflecTech, Inc. is one of 70 companies selected to receive funding under the U.S. Department of Energy's (DOE) 2013 Small Business Innovation Research (SBIR) program to explore new technologies with strong potential for commercialization and job creation in clean energy. Under the program, ReflecTech will perform the fundamental research to further advance highly-weatherable reflective film.

The project will determine the feasibility of further increasing reflectance and also improving reflector specularity (with a beam spread less than 1mrad) while maintaining the requisite long outdoor weatherability demanded for solar applications. If successful, a second phase of the SBIR program will fund further development and prototyping.

Randy Gee, SkyFuel's Chief Technology Officer and co-inventor of ReflecTech mirror film, commented that, "advanced polymer reflectors are a prime example of technology innovation that can bring down the cost of clean energy while creating new industries and employment." SkyFuel is cost sharing the research with the DOE, further leveraging this research initiative.

The U.S. Department of Energy's SunShot Initiative has set a goal for solar technologies to achieve a levelized cost of electricity (LCOE) of 6 cents/kWh by 2020. The 70 awards were selected by the DOE based on technology merit and their potential for commercialization and job creation.

About SkyFuel

SkyFuel, Inc. (www.SkyFuel.com) manufactures a high performance, glass-free parabolic trough solar thermal collector called the SkyTrough. SkyFuel solar collectors harness solar radiation to produce steam for electricity generation and industrial applications. SkyFuel's wholly owned subsidiary, ReflecTech, Inc., holds the exclusive license to manufacture and market ReflecTech mirror film (www.ReflecTechSolar.com).