Solopower Reaffirms Commitment to Oregon, Announces Intent

Solopower Reaffirms Commitment to Oregon, Announces Intent

<p>FOR IMMEDIATE RELEASE CONTACT: Mark Wiener MAY 13, 2011 503-358-5511</p><p>SOLOPOWER REAFFIRMS COMMITMENT TO OREGON, ANNOUNCES INTENT TO LOCATE SOLAR PANEL MANUFACTURING FACILITY IN PORTLAND</p><p>SoloPower, Inc., a California-based manufacturer of flexible, thin film solar cells and modules, announced that it has signed a non-binding memorandum of understanding with the City of Portland to locate a high volume manufacturing facility in Portland.</p><p>“We are committed to Oregon because of the great people and workforce; the active support and engagement at the state level and from the communities we have talked to; and of course, Oregon’s beauty, location and quality of life,” said SoloPower CEO Tim Harris. “This is where we want to be.”</p><p>SoloPower had originally announced its intention to locate its Oregon manufacturing facility in Wilsonville, and had reached an agreement with that city which included the establishment of a single-site Urban Renewal District as a key part of the agreement; however, a citizen group has circulated a petition for a referendum on that decision. As a result, SoloPower began evaluating other options. </p><p>“The shift to Portland is in no way the fault of Wilsonville’s and Clackamas County’s leadership: they worked hard and in good faith to bring this economic asset home,” said Harris.</p><p>Portions of the agreement with Portland are subject to a vote by the City Council, which is expected to take place on May 18. </p><p>About SoloPower</p><p>SoloPower, Inc. produces low-cost, high-power, flexible thin film photovoltaic modules that offer a viable alternative to the electricity produced using traditional fossil fuels. SoloPower’s durable, lightweight modules employ its solar cell devices fabricated with copper indium gallium di-selenide (CIGS), using a proprietary roll- to-roll electrodeposition process. The company is headquartered in Silicon Valley at 5981 Optical Court, San Jose, California 95138. For more information on SoloPower, please visit the company at www.solopower.com. </p><p>SoloPower, Inc 5981 Optical Court San Jose, CA 95138 tel: (408) 281-1582 fax: (408) 281-8342 www.solopower.com</p>

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