Sunovia In Great Position To Take Off (OTC:SUNV)

Sunovia Energy Technologies, Inc. (OTC:SUNV), a Florida based company that commercializes LED and Solar Technologies, released a press release last month stating that they have Shattered the World Record Open Circuit Voltage (Voc) for Cadmium Telluride (CdTe) Thin Film Solar Cells by over 45%.

According to Dr. Michael Carmody, Senior Director for Development of Photovoltaic Materials at EPIR Technologies, “These are by far the highest Voc measurements ever exhibited by a CdTe-based solar cell. There is no data in the literature that comes close to what we have achieved, and we believe that our two-junction device also represents the first ever high efficiency monolithic, two-junction solar cell using CdTe or any other II-VI material. The company’s two-junction II-VI on Silicon design will reach production efficiencies over 35% and will cost only a small fraction of the cost of three-junction III-V solar cells. This is really a breakthrough in solar technology and EPIR technologies made it happen with Sunovia.

 Sunovia owns the exclusive marketing rights to products produced by EPIR  Technologies, Inc., including infrared sensors and devices for the civilian and military night vision markets. Sunovia owns a significant equity interest in Illinois-based EPIR Technologies, Inc. EPIR holds the patent for growing CdTe directly on a Si readout integrated circuit, for which the company developed a manufacturing capability with Congressional support. Sunovia and EPIR co-own the solar technologies and solar products that are developed under the Exclusive Partnership Agreement. This is where the government connection comes into play.

As of September 10th before the major breakthrough this was released that Senator Dick Durban the Assistant Senate Majority Leader Dick Durbin the first United States Senator to support the presidential candidacy of Barack Obama approves $52 million in defense funding for projects in Illinois. Out of that 52 million $9,000,000 in funding was given to EPIR to construct a research and manufacturing facility that will fabricate millions of cells using single-crystal cadmium telluride technology. Not only that on but a couple months earlier a form 4 Sec filing of Sunovia technology was found that showed EPIR technologies bought 19,900,498 shares in August.

It just keeps getting better, the senior advisor of Sunovia really took me by surprise because its Ken Juster the former U.S. Under Secretary of Commerce from 2001-2005. Mr. Juster currently serves on the President’s Advisory Committee for Trade Policy and Negotiations and serves as Executive Vice President, Law, Policy and Corporate Strategy for Salesforce.com, one of the world’s largest and fastest-growing Web 2.0 companies. The connections run deep in this company to the current executive branch and the breakthrough technology is really undervaluing this company as a whole both in the market cap and in the market. I hope this insight provided by me is to your liking as it is mine.

SUNV is currently consolidating sideways and building in accumulation and once this .12 and .13 major resistances are cleared I see this taking off for a large breakout the fundamentals are just too strong.