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Octillion to expand development of photovolraic window technologies


August 25, 2008
By Administrator

Aug. 25, 2008 – Octillion Corp. , a next-generation alternative and renewable
energy technology incubator, has entered into a Sponsored Research
Agreement with scientists at Oakland University to further the
development of its NanoPower Window technology.

Aug. 25, 2008 – Octillion Corp. , a next-generation alternative and renewable
energy technology incubator, has entered into a Sponsored Research
Agreement with scientists at Oakland University to further the
development of its NanoPower Window technology. In addition to working
to advance the company's solar photovoltaic technology, scientists and
collaborating researchers will explore additional nanotechnology
applications that may be derived from their efforts.

Mr. Nicholas Cucinelli, president and CEO of Octillion Corp.,
announced the agreement at the 2008 Nanoscale Science and Engineering
Conference at Oakland University.

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"Nanotechnology research and development requires a highly
collaborative and flexible approach to achieve commercially-viable
outcomes, and that sentiment is very much alive here at Oakland
University," stated Mr. Cucinelli. "There is a rapidly growing
'nanotechnology corridor' developing here in Southeast Michigan, and we
look forward to working with Oakland University to access and enhance
those resources."

The two-year agreement will focus on transparent photovoltaic
device construction on glass substrates, and also includes provisions
to explore related innovations such as flexible substrates, hybridized
solar cell designs, and other photovoltaic innovations. In addition to
furthering the company's efforts to develop a transparent window
capable of generating electricity, the agreement also allows Octillion
and Oakland University to jointly benefit from nanotechnology
innovations that may broadly apply in other applications and markets,
creating incentives for the commercialization of peripheral discoveries
and the potential for spin-off activities and sub-licensing agreements.

The research will be carried out under the direction of
micro/nano-electromechanical systems (MEMS/NEMS) expert Dr. Hongwei Qu,
in close consultation with other Octillion collaborators.

"Oakland University is very pleased to have been selected to
collaborate with Octillion on this exciting project," commented Dr.
T.C. Yih, vice provost for research at Oakland University and a member
of the Company's Advisory Board. "Our interdisciplinary approach and
relevant faculty expertise was a major attractor, as was our commitment
to supplement regional facilities, such as the Michigan Nanofabrication
Facility, with our laboratory equipment specific to the needs of
Octillion."

The Michigan Nanofabrication Facility is located in the nearby Solid-State Electronics Laboratory at the University of Michigan.

"This agreement with an institution known for its exceptional
ability to work with commercial partners further positions Octillion as
a dedicated player in the Michigan economy and may soon enable organic
expansion in the nanotech and solar portion of our growing technology
portfolio," stated Mr. Cucinelli. "As we continue to develop
transparent solar photovoltaics that can be readily integrated into the
existing glass manufacturing infrastructure, I believe Dr. Qu's
specific expertise and the flexible nature of our contract will
substantially increase the potential value of our research to
Octillion's shareholders."


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