Octillion to Focus on Solar Energy Technologies; Biotech Subsidiary MicroChannel Technologies Corporation to be Spun Out to Shareholders

VANCOUVER, British Columbia--(BUSINESS WIRE)--As part of new initiatives to focus Octillion’s financial and managerial resources on the development of leading edge solar energy technologies, including the development of the first-of-its-kind transparent glass window capable of generating electricity, Octillion Corp. (Pink Sheets:OCTL) today announced the spin-out of its wholly owned subsidiary, MicroChannel Technologies Corporation, to shareholders of record on August 22, 2007.

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