Published 05-06-02
Submitted by Evergreen Solar, Inc.
MARLBORO, Massachusetts - When the Captain Planet Foundation's "Zero-Energy Cottage," designed to show how a home can use little or no energy from utilities, debuts in the nation's Capital, the two-bedroom, two-bath house will feature solar electric panels made by Evergreen Solar. Massachusetts-based Evergreen Solar, Inc. (Nasdaq: ESLR), answered the call by the Atlanta foundation to make the 1,700 square foot vacation home a reality in time for the Atlanta Home Show in mid-April.
"We were very happy to respond when the Captain Planet Foundation requested solar panels for the home," said Dr. Rex D'Agostino, Evergreen's Vice President of Marketing and Sales. "Captain Planet is a forward thinking foundation working to build environmental awareness, particularly among children, so it was a natural for us."
Captain Planet Foundation Executive Director Sona Chambers said, "We're pleased that Evergreen Solar came through so quickly and easily, and that they joined with us and the other environmentally progressive suppliers to make this a success." Chambers added that Captain Planet Foundation is building a Charleston-style house designed by Allison Ramsey Architects in Beaufort, S.C. Evergreen Solar's photovoltaic panels will be on the roof of that home, as well.
"It's very exciting to be building two homes that cover the range of homeowner needs, yet can demonstrate the results of intelligent, environmentally-sound construction," Chambers said. "It shows how feasible, attractive, and cost effective these homes are." Proceeds of the home sales will go to the Captain Planet Foundation, which provides funds for hands-on environmental projects for kids.
Evergreen Solar supplied panels totaling 4 kW of power for the cottage. Combined with a host of unique, environmentally-friendly designs, materials and systems, the panels are intended to produce more energy than the home actually needs, enabling the house to go "off the utility grid." The panels are produced using Evergreen's patented String Ribbon(TM) technology. This technology produces approximately twice as many solar cells per pound of silicon compared to traditional methods. This contributes to making Evergreen's overall manufacturing technology among the most environmentally friendly processes in the industry. Evergreen Solar is one of the only fully-integrated, independent PV manufacturers in the U.S - producing solar wafers, cells and panels.
"During the home's six-month exhibition at SCITREK," Chambers said, "the cottage will be used to educate the public on renewable energy and to instruct construction companies and home builders on how to build similar types of houses."
About Evergreen Solar, Inc.
Evergreen Solar, Inc. (www.evergreensolar.com) develops, manufactures, and markets solar power products utilizing the Company's patented solar power technologies. The products provide reliable and environmentally clean electric power in global markets. Solar power applications include wireless power for remote homes, water pumping, lighting, and rural electrification, as well as complete power systems for electric utility customers choosing to generate their own environmentally benign power.
String Ribbon is a trademark and Evergreen Solar(R) is a registered trademark of Evergreen Solar, Inc.
About the Captain Planet Foundation
The mission of the Captain Planet Foundation is to fund and support hands-on environmental projects for children. The Foundation's objective is to encourage innovative programs that empower children around the world to work individually and collectively to solve environmental problems in their neighborhoods and communities. Through environmental education, the Foundation believes that children can achieve a better understanding and appreciation for the world in which they live.
This press release contains forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The Company cautions you that any statements contained in this press release which are not strictly historical statements constitute forward-looking statements. Such statements include, but are not limited to, statements reflecting management's expectations regarding the Company's technology and product development, cost, and performance; the Company's current and future strategic relationships and future market opportunities; and the Company's other business and technology strategies and objectives. These statements are neither promises nor guarantees, and involve risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Such risks and uncertainties include, among other things, the following factors: the market for solar power products is emerging and rapidly developing, and market demand for solar power products such as the Company's products is uncertain; the Company sells via reseller partners, and the Company's relationships with current or prospective marketing or strategic partners may be affected by adverse developments in the Company's business, the partner's business, competitive factors, solar power market conditions, or financial market conditions; the Company faces intense competition from other companies producing solar power and other distributed energy generation products; and the Company's patents may be challenged or expire, or otherwise not provide adequate intellectual property protection in the future. In addition to the foregoing factors, the other economic, competitive, governmental, technological, and other risk factors identified in the Company's filings with the Securities and Exchange Commission - including the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2001, filed on March 28, 2002 (a copy of which may be obtained at the SEC's web site at: http://www.sec.gov) - could impact the forward-looking statements contained in this press release. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they are made. The Company disclaims any obligation to publicly update or revise any such statements to reflect any change in Company expectations, or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.
We have rapidly become a global technology leader and innovator in the solar industry. And although technology is what we thrive on, bringing it to practical, commercial scale solutions is what drives each and every one of us. We have been in business for more than 13 years which makes us well established experts in the industry. We are a public company that’s experiencing rapid growth, and can be found under ESLR on the NASDAQ stock exchange. If you’d like investor information please visit our investor relations area.
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