Homerun Resources Inc. announced that the Company has executed a non-binding Memorandum of Understanding (MOU), between Homerun and Halocell Energy Pty Ltd. (Halocell). Under the terms of the MOU, Halocell and Homerun agree to provide technical assistance to each other to develop the best outdoor Solar Glass /PSC solutions. Halocell will contribute and make available the following: Chemistry and process experience in development of the highest efficiency outdoor PSC formulations.

Chemistry and encapsulation experience to maximize the life span of the solar cells. Structural and layering experience to maximize the overall performance of the cells. Materials and operational experience to provide the best performance cells at the lowest cost.

Homerun will contribute and make available the following experience and information: Required testing specifications. Details of the manufacturing processes, including how the Perovskite Solar Cells can be incorporated into Solar Glass production as a final device.