PowerFilm, Inc Bushnell Outdoor Products-Replacement (3596F)

TIDMPFLM

RNS Number : 3596F

PowerFilm, Inc

22 May 2013

PowerFilm, Inc.

Bushnell Outdoor Products Strategic Relationship and Product Launch-Replacement

With corrected website. All other details remain the same.

22 May 2013, PowerFilm(R), Inc. (AIM: PFLM), ("PowerFilm" or the "Company"), the developer and manufacturer of thin flexible solar panels, announces its strategic relationship and product launch with Bushnell Outdoor Products to sell custom solar products to Bushnell customers. After two years of intensive development by both companies, five products which integrate custom PowerFilm solar panels are now available for sale from Bushnell.

The Bushnell products being released that incorporate PowerFilm's ultra thin, ultra durable solar material, are rugged products that are made to withstand wear and tear in an outdoor environment. The five products being released by Bushnell that have integrated PowerFilm solar material are built to last, with the rugged exterior and durable solar material inside. These products are ideal for charging portable electronics equipment, such as cell phones, GPS, radio, etc., especially for use in remote areas.

One of the solar products being released by Bushnell is also being incorporated into Bushnell's Bear Grylls line of products.

"When we set out to build the best portable power products on the market, we saw a need for solar products that actually do what they say they will do. PowerFilm not only provided that solution but also in a lightweight, compact and durable format that our consumers expect from our new PowerSync product line," says Terry Mears, Director of Marketing for Bushnell Outdoors.

Bushnell will be featuring these products on their website under their PowerSync line of products, along with a few other electronics charging products for portable electronic devices.

"We are very excited here at PowerFilm to finally see these products being released to the public," says Ron Mason, VP of Sales and Marketing at PowerFilm, Inc. "We have more than two years of research and development with Bushnell to make these products a perfect fit for what both of us wanted to see in our products."

About Bushnell Outdoors

The PowerSync line of portable power products are part of Bushnell Outdoors a collection of gear for the modern outdoorsman. All products are rugged, durable and made for the rigors of the trail, off-trail or wherever you

pitch camp.   For more detail on PowerSync and Bushnell Outdoors, go to www.bushnell.com 

Bushnell Outdoor Products is a global manufacturer and marketer of branded consumer products. Headquartered in Overland Park, Kansas, the company sells its products worldwide. For information about any of these brands or products, please contact Bushnell Public Relations at [phone].

About PowerFilm, Inc.

PowerFilm, Inc. is a developer and manufacturer of thin, flexible solar panels based on a proprietary production process. The company's objective is to target portable and remote solar power applications, the government and military market, and the building integrated solar power market. Further, PowerFilm is focused on creation of complete solar solutions in select markets in partner organizations possessing the branding and distribution to drive products to market. PowerFilm is based in Ames, Iowa.

PowerFilm was founded in 1988 by Dr. Frank Jeffrey and Dr. Derrick Grimmer, both former 3M research physicists, with a combined 65 years of experience in semiconductor and solar energy research and development.

For further information, please contact:

PowerFilm, Inc. [phone] x 102

Frank Jeffrey, CEO

Mike Coon, VP, Building Integrated,

Business Development, and External Relations

Nomura Code Securities Limited, Nominated Advisor [phone]

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

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