PFLM Powerfilm Regs

TIDMPFLM

RNS Number : 0767B

PowerFilm, Inc

27 March 2013

PowerFilm, Inc.

Hobie Cat Company Strategic Relationship and Product Launch

27 March 2013, PowerFilm(R), Inc. (AIM: PFLM), ("PowerFilm" or the "Company"), the developer and manufacturer of thin flexible solar panels, today announces its strategic relationship and product launch with Hobie Cat(R) Company ("Hobie Cat").

PowerFilm has reached an agreement with Hobie Cat to supply custom solar panels to recharge the v2 battery for the Hobie Cat eVolve(TM) electric motor. The strategic partnership comes after nearly two years of collaboration and development of a customized product specific for Hobie Cat watercraft.

The PowerFilm solar panel utilizes marine grade connections and weatherproof, ultra thin, ultra light material for quick charging of the v2 battery that is incorporated into the Hobie Cat eVolve v2 system. The panel can charge the battery or indefinitely run the motor at 2 knots with optimum sun conditions. The easy to use, weatherproof panel has been salt water tested and uses stainless steel rivets and grommets to ensure reliable power in challenging marine conditions.

The PowerFilm solar panel for Hobie is commercially available and is being distributed through Hobie's existing commercial channels.

"We looked at various solar panel manufacturers and ultimately selected PowerFilm's solar panels given their durability and the way PowerFilm custom engineered the product to meet our specific needs," said Dan Mangus, Director of Marketing, of Hobie Cat Company.

Founded in 1950, Hobie Cat Company manufactures, distributes and markets a collection of eco-sensitive watercraft worldwide from its headquarters in Oceanside, California. These include an ever-expanding line of recreation and racing sailboats, pedal-driven and paddle sit-on-top recreation and fishing kayaks, fishing boats, stand up paddleboards, plus a complementary array of parts and accessories.

"We are very excited, after two years of hard work and preparation, to have another strong strategic partner in Hobie Cat," says Ron Mason, Vice President of Sales and Marketing at PowerFilm. "We're looking forward to growing this relationship into the future."

PowerFilm is a registered trademark of PowerFilm, Inc. Hobie Cat is a registered trademark of Hobie Cat Company. eVolve is a trademark of Hobie Cat Company.

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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