PowerFilm, Inc PowerFilm Launches New E-Commerce Sales Channel (2978E)

TIDMPFLM

RNS Number : 2978E

PowerFilm, Inc

09 May 2013

PowerFilm, Inc.

PowerFilm Launches New E-Commerce Sales Channel

09 May 2013, PowerFilm(R), Inc. (AIM: PFLM), ("PowerFilm" or the "Company"), the developer and manufacturer of thin flexible solar panels, announces the launch of a direct to consumer sales channel for golf and RV solar panels with the release of a new PowerFilm e-commerce website.

The solar panels kits are designed to trickle charge the batteries in both electric golf cars and RVs. The golf cart panels provide constant charging to the batteries during the day, aiding it to go further on a single charge and maintaining the batteries for better health. Testing results indicate a high probability of extending battery life up to two years while reducing the amount of electricity needed to charge the cart overnight. The PowerFilm RV panels also provide a trickle charge to the existing electrical system in an RV and offset much of the parasitic load occurring, such as lights, clocks, and other electronics.

The new e-commerce website will feature solar golf kits for E-Z-GO(R) and Club Car(R) golf cars and a universal model for all other electric cars, with both 36 volt and 48 volt options. In addition, the website will also offer a 60 watt and a 42 watt solar kit for RVs. Where more power is desired for RVs multiple panels can be easily daisy-chained together.

All solar kits offered on the website will be an easy, do-it-yourself installation that does not require any special electrical expertise or mounting equipment.

"We have been developing and perfecting our solar kits for the RV and Golf markets for over two years," said Vice President of Sales and Marketing, Ron Mason. "We've known that the market is there and with this new website we want to aggressively go after it."

The website is active now and all products are immediately available and can be found here: http://www.powerfilmsolar.com/shop/

For further information, please contact:

PowerFilm, Inc. +1 (515) 292 7606 x 102

Frank Jeffrey, CEO

Mike Coon, VP, Building Integrated,

Business Development, and External Relations

Nomura Code Securities Limited, Nominated Advisor +44 (0) 20 7776 1200

Juliet Thompson, Giles Balleny

A copy of this announcement will be available on the PowerFilm website at http://www.powerfilmsolar.com. The common shares of PowerFilm, Inc. are traded on the AIM Market of the London Stock Exchange and are not registered under the US Securities Act 1933, as amended. Such shares may not be offered or sold to residents of the United States or to persons acting on their behalf, or to other persons who are "United States Persons" within the meaning of Regulation S as promulgated under the Securities Act of 1933, unless such shares have been registered under the Securities Act or there is an available exemption from registration.

Forward-looking Statements

This release includes forward-looking statements which are based on certain assumptions and reflect management's current expectations as contemplated under the Safe Harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: uncertainty as to whether our strategies, partnerships and business plans will yield the expected benefits; general global economic conditions; general industry and market conditions and growth rates; increasing competition; the ability to identify, develop and achieve commercial success for new products, services and technologies; changes in technology; changes in laws and regulations, including government incentive programs; intellectual property rights; our ability to secure and maintain strategic relationships, including key supply relationships; the availability and cost of capital; the availability of, and our ability to retain, key personnel; and the failure of the Company to effectively integrate acquisitions. Additional factors are discussed in our public disclosure materials from time to time. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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