November 24, 2008—Robbinsville, NJ, USA: EPV SOLAR, Inc., a thin-film solar module manufacturer and photovoltaic systems provider headquartered in New Jersey, USA, announced today that its new 30,000 square foot, 20 MW production facility at the Company’s headquarters in Robbinsville, NJ, is now producing and shipping production quantities of its thin-film amorphous silicon solar modules.
EPV SOLAR’s corporate offices moved to the Robbinsville location at 8 Marlen Drive early in 2007. A few months later, EPV SOLAR began renovating the space to create the new manufacturing plant. In June of this year, the Company began equipment installation, and all systems were in production by October. The facility is capable of producing 20 MW annually, which will bring the Company’s total production capacity to 55 MW. This figure includes the capacity of EPV SOLAR’s 30 MW plant in Senftenberg, Germany, scheduled to come on line later this quarter, and its 5 MW Pilot Line in Lawrenceville, NJ. Both the Robbinsville and Senftenberg facilities will manufacture UL1703- and VDE-certified thin-film modules and utilize EPV SOLAR’s proprietary state-of-the-art equipment and technology.
Thin-film modules are gaining significant worldwide recognition as an economical, environmentally benign, and readily mass-produced alternative to traditional crystalline silicon modules. Commenting on the Company’s successful achievement of this important milestone, Dr. Robert Bryan, EPV SOLAR’s Chief Operating Officer, stated: “Thin film is the photovoltaic choice of the future, and our growing production capacity is our means of meeting that future and providing a proven renewable energy source to the world. The fact that EPV SOLAR was able to successfully install and ramp up its Robbinsville facility in just over a year demonstrates EPV SOLAR’s technology leadership and commitment to the expanding thin-film photovoltaic marketplace.”
About EPV SOLAR
EPV SOLAR is a New Jersey-based amorphous silicon thin-film solar module developer and manufacturer and currently sells its product to customers in grid-connected and off-grid markets in North America, Europe, and Asia Pacific. The company is undergoing significant capacity expansion in New Jersey and Germany and is planning further expansion in Mexico and India. EPV SOLAR is developing its Building Integrated Photovoltaics (BIPV) and Systems Integration sectors while pursuing its mission to remain one of the world’s lowest-cost producers of solar modules.
Forward-Looking Statements
The information provided herein may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 relating to future events that involve risks and uncertainties. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are cancellations, rescheduling or delays in product shipments; manufacturing capacity constraints; difficulties in raising additional capital due to the ongoing credit crisis; lengthy sales and qualification cycles; difficulties in the production process; the future financial performance of the Company; delays in developing and commercializing new products; increased competition and new technologies. The forward-looking statements contained in this news release are made as of the date hereof, and EPV SOLAR does not assume any obligation to update or revise any of the forward-looking statements nor to provide the reasons why actual results could differ materially from those projected in the forward-looking statements.