Evergreen Solar, Inc. (Nasdaq: ESLR), a manufacturer of String Ribbon™ solar panels with its proprietary silicon wafer technology, will unveil its upcoming line of higher efficiency solar panels featuring its newly developed BOOST™ Cell Technology, at Salon des Energies Renouvelables in Paris, France, June 16-18, 2010.
The new ES-D and ES-E series of panels for residential and commercial markets feature Evergreen’s new Boost Cell Technology that uses micro wires instead of conventional bus-bars to reduce cell shading, improve current collection and ultimately increase the overall panel efficiency. This innovative new cell technology gives our new panels a superior aesthetic, positioning them well in the French building integrated market where aesthetics are of primary concern. The new panels will begin to be available commercially from Q4 2010 onwards and are on display for viewing throughout the Salon des Energies Renouvelables at the company’s booth located in Hall 1, Stand H68.
The ES-D series panels, designed primarily for residential roofs, are lighter weight for ease of installation and smaller in size to ensure a better fit of the panels to any shape or size of roof. The ES-D series will be produced with two sets of specifications:
- ES-D Aesthetic series: This product features an all-black panel with an attractive uniform appearance for when aesthetics and the look on the roof is a priority. They will be available in 195, 200 and 205W power grades.
- ES-D Performance series: This product is designed for optimizing performance. They will be available in 200, 205 and 210W power grades.
The ES-E series panels will be the most powerful Evergreen Solar panels ever made, with a larger panel design to meet the needs of commercial applications where the larger size helps to minimize installation costs. The ES-E series panels will be available in 220, 225 and 230W power grades.
Both the ES-D and ES-E series panels with BOOST Cell Technology will continue to deliver the exceptional performance and industry-leading environmental credentials that Evergreen panels have become known for. All the new panels will feature an industry leading -0 / +5W power tolerance and anti-reflective treated glass as standard.
“The new ES-D and ES-E series solar panels with our innovative BOOST Cell Technology are a major advance for Evergreen Solar,” said Scott Gish, Evergreen Solar’s Vice President, Sales and Marketing. “These panels are the highest efficiency product we have ever made which enables us to deliver our customers even more electricity while continuing to have less impact on the environment. And the ability to offer product options tailored specifically for either the residential or commercial end-user - whether their priority is aesthetics or performance – allows us to meet our customers specific needs much better.”
The new ES-D and ES-E series panels will continue to be manufactured using Evergreen Solar’s proprietary wafer manufacturing technology which is the most environmentally-friendly process in the industry with virtually no wasted silicon. The carbon footprint of these panels is up to 30% smaller than that of its competitors and they also have the quickest energy payback in the industry, now less than 12 months.
About Evergreen Solar, Inc.
Evergreen Solar, Inc. develops, manufactures and markets String Ribbon™ solar power products using its proprietary, low-cost silicon wafer technology. The Company's patented wafer manufacturing technology uses significantly less polysilicon than conventional processes. Evergreen Solar's products provide reliable and environmentally clean electric power for residential and commercial applications globally. For more information about the Company, please visit www.evergreensolar.com. Evergreen Solar®, String Ribbon™ and BOOST™ are trademarks of Evergreen Solar, Inc.
Safe Harbor Statement
This press release contains forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, including those that discuss expectations, beliefs, strategies, goals, outlook or other non-historical matters. The company uses the word "will" to identify forward-looking statements in this press release, including forward-looking statements regarding commercial availability of the new ES-D and ES-E Series product lines. Such forward-looking statements are based on information available as of the date of this press release. Those statements are neither promises nor guarantees and involve a number of factors that could cause actual results to differ materially. Those factors include risks and uncertainties associated with Evergreen Solar's ability and the ability of its third party manufacturing partners to (a) obtain and maintain an adequate supply of raw materials and components on commercially reasonable terms, (b) expand existing production lines and ramp new production lines; (c) implement Evergreen Solar’s new BOOST Cell Technology and (d) successfully manage manufacturing difficulties that may arise. Other important risks and uncertainties that may affect the launch of Evergreen Solar’s new products are identified in Evergreen Solar's periodic filings made with the Securities and Exchange Commission. Forward-looking statements speak as to the company’s expectations only as of the date they are made.
Chris Lawson, 508-251-3214
Director Marketing Communications
Jim Connelly, 617-861-3654
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