0001013762-11-002542.txt : 20110921 0001013762-11-002542.hdr.sgml : 20110921 20110921160538 ACCESSION NUMBER: 0001013762-11-002542 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110921 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110921 DATE AS OF CHANGE: 20110921 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Magnolia Solar Corp CENTRAL INDEX KEY: 0001437491 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 000000000 STATE OF INCORPORATION: NV FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53361 FILM NUMBER: 111101458 BUSINESS ADDRESS: STREET 1: 54 CUMMINGS PARK, SUITE 316 CITY: WOBURN STATE: MA ZIP: 01801 BUSINESS PHONE: (781) 497-2900 MAIL ADDRESS: STREET 1: 54 CUMMINGS PARK, SUITE 316 CITY: WOBURN STATE: MA ZIP: 01801 FORMER COMPANY: FORMER CONFORMED NAME: Mobilis Relocation Services Inc. DATE OF NAME CHANGE: 20080612 8-K 1 form8k.htm MAGNOLIA SOLAR CORPORATION FORM 8-K form8k.htm
UNITED STATES
 
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
____________________________________________________________
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
___________________________________________________________________
 
Date of Report (Date of earliest event reported):  September 21, 2011
 
Magnolia Solar Corporation
(Exact Name of Registrant as Specified in Charter)
 
 
Nevada
 
333-151633
 
39-2075693
 
(State or other jurisdiction
of incorporation)
 
(Commission File Number)
 
(IRS Employer
Identification No.)
 
 
54 Cummings Park
Suite 316
Woburn, MA
 
01801
 
(Address of principal executive offices)
 
(Zip Code)
 

Registrant’s telephone number, including area code: (781) 497-2900
 
 
(Former name or former address, if changed since last report)
 

 

         Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
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Item 8.01.
Other Events.
 
On September 21, 2011, Magnolia Solar Corporation (the “Company”) issued a press release announcing that its wholly-owned subsidiary, Magnolia Solar, Inc., has updated the scientific community on its progress to develop high-efficiency, thin-film solar cells as part of a Phase I Small Business Innovation Research (SBIR) program funded by the National Aeronautics and Space Administration (NASA).  Dr. Roger E. Welser, Magnolia’s Chief Technical Officer, will summarize the latest technical results at the 22nd Space Photovoltaic Research and Technology (SPRAT) Conference, sponsored by the NASA Glenn Research Center in Cleveland, OH, on September 22, 2011.  The presentation, titled “Thin-Film Quantum Well Waveguide Solar Cells,” is part of a session focused on Advanced Concepts for Solar Power Devices.  The work presented at the SPRAT conference was done in collaboration with colleagues at Kopin Corporation in Taunton, MA, and MicroLink Devices in Niles, IL. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
 
Item 9.01.
Financial Statements and Exhibits.
 
 (d)           Exhibits.
 
Exhibit No.
Description
99.1
Press Release dated September 21, 2011.
 
 
 
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SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
  MAGNOLIA SOLAR CORPORATION  
       
Date: September 21, 2011
By:
/s/ Yash R. Puri  
    Name: Dr. Yash R. Puri  
    Title: Executive Vice President  
       
 
 
EXHIBIT INDEX
 
Exhibit No.
Description
99.1
Press Release dated September 21, 2011.

 
 
 
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EX-99.1 2 ex991.htm EXHIBIT 99.1 ex991.htm
Exhibit 99.1
 
 
Magnolia Solar Summarizes Program Results at NASA SPRAT Conference

Unique Thin-Film Design Promises to Deliver High Efficiency over a Wide Range of Conditions

WOBURN, MA and ALBANY, NY – September 21, 2011 -- Magnolia Solar Corporation (OTCBB: MGLT) (“Magnolia Solar”) announces that its wholly owned subsidiary, Magnolia Solar, Inc., has updated the scientific community on its progress to develop high-efficiency, thin-film solar cells as part of a Phase I Small Business Innovation Research (SBIR) program funded by the National Aeronautics and Space Administration (NASA).  Dr. Roger E. Welser, Magnolia’s Chief Technical Officer, will summarize the latest technical results at the 22nd Space Photovoltaic Research and Technology (SPRAT) Conference, sponsored by the NASA Glenn Research Center in Cleveland, OH, on September 22, 2011.  The presentation, titled “Thin-Film Quantum Well Waveguide Solar Cells,” is part of a session focused on Advanced Concepts for Solar Power Devices.  The work presented at the SPRAT conference was done in collaboration with colleagues at Kopin Corporation in Taunton, MA, and MicroLink Devices in Niles, IL.

Dr. Welser stated, “Planetary exploration missions require lightweight photovoltaic power systems capable of operating over a wide range of changing spectrums and environmental conditions.  As part of a NASA-funded program, Magnolia Solar has been working to design and prototype thin, flexible, single-junction solar cells that match the peak conversion efficiency of existing technologies while performing over a much wider range of operating conditions.  In the SPRAT paper, we present for the first time our results on advanced III-V material structures fabricated in a thin-film device format.”

Dr. Ashok K. Sood, President and CEO of Magnolia Solar Corporation, stated, “The objective of Magnolia’s NASA-funded program is to create a flexible, ultra-high efficiency, thin-film solar cell technology.  By combining a quantum-structured active region with advanced light-trapping strategies, we have a pathway to achieve high solar electric conversion efficiency (greater than 30%) over a wider range of operating conditions.  The next phase of this project will focus on combining three patent-pending structures into one high-performance photovoltaic device prototype.  In collaboration with our partners, we will continue to update our shareholders as we work to meet our milestones.”

About Magnolia Solar Corporation

Based in Woburn, MA and Albany, NY, Magnolia Solar was founded in 2008 to develop and commercialize revolutionary new thin film solar cell technologies that employ nanostructured materials and designs.  Both higher current and voltage outputs are expected from thin film solar cells that combine Magnolia’s exclusive material structures with advanced optical coatings.  Magnolia’s patent-pending technology has the ability to capture a larger part of the solar spectrum to produce high efficiency solar cells, and incorporates a unique nanostructure-based antireflection coating technology to further increase the solar cell’s efficiency, thereby reducing the cost per watt.  Magnolia Solar technology targets electrical power generation applications, such as power for electrical grids and distributed power applications ranging from commercial and residential lighting to specialized military applications.
For more information, please visit www.MagnoliaSolar.com, or visit us on Facebook, Twitter, You Tube, or LinkedIn.
 
 
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Forward-Looking Statements
 
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.
 
 
For more information contact:
 
The Investor Relations Group
11 Stone St. 3rd Floor
New York, NY
212-825-3210
IR: Adam Holdsworth
PR: Enrique Briz
info@magnoliasolar.com
 

 
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