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Magnolia Solar Corporation

Magnolia Solar Corporation, ticker symbol MGLT, is a publicly traded company that focuses on the research, development, and commercialization of high efficiency and low cost solar photovoltaic (PV) technologies. The company's core technology is based on its proprietary high-performance, copper indium gallium selenide (CIGS) thin-film PV cells.

As of my knowledge up to 2021, Magnolia Solar has not generated any revenues and has incurred significant net losses since its inception. However, the company has made considerable progress in developing its CIGS technology and establishing partnerships with industry leaders to advance its research and development efforts.

Magnolia Solar has been focusing on scaling up its CIGS technology and reducing manufacturing costs to make it more competitive with traditional silicon-based solar panels. The company has also been working on integrating its CIGS technology with building-integrated photovoltaics (BIPV) and other innovative applications to expand its market reach.

It is important to note that investing in publicly traded companies always carries risks, and it is crucial to conduct thorough research and consult with a financial advisor before making any investment decisions. Furthermore, the information I provided is based on my knowledge up to 2021, and I recommend checking the latest financial reports and filings for the most up-to-date information on Magnolia Solar Corporation.