Below is a quote from the 2012 Annual Financial...

Below is a quote from the 2012 Annual Financial report.

"Throughout the year, BluGlass also continued to make
progress with its indium gallium nitride InGaN photovoltaic
(solar cell) project. During the year the company demonstrated a number of prototype multi-quantum well (MQW) InGaN solar cells, that were grown using industry standard equipment. The experimental results achieved by BluGlass met the reported results by the world’s leading research universities and organisations conducting research into InGaN solar cell development."

In my view this bodes well for the Bluglass technology especially if the experimental results can be translated to actual results.