AstroPower Named by Forbes as One of the 200 Best Small Companies; Company Receives Ranking on Publication's Prestigious 200 Best Small Companies List.Business Editors NEWARK, Del.--(BUSINESS WIRE)--Oct. 17, 2002 AstroPower, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :APWR APWR Advanced Pressurized Water Reactor APWR Americans for the Preservation of the White Race APWR Anti-Pyramid Web Ring (Bosnian bloggers) APWR Alliance to Protect Water Resources, Inc. ) announced today that it has been named one of the 200 best small companies by Forbes. Ranked 19 in terms of annual sales growth and 147 overall, AstroPower is being featured among 200 companies in the technology, retail and apparel, food and restaurants, and healthcare sectors in the October 28, 2002 issue of Forbes Magazine. The Forbes 200 Best Small Companies list surveys public companies based on factors such as sales, market value, and profits as well as relative stock price strength. Only companies with 12-month sales of $5 million to $600 million; a stock price above $5.00 per share; a five-year average return on equity of at least five percent; and a net margin of at least five percent, excluding extraordinary and nonrecurring items, are reviewed. "This recognition is a tribute to AstroPower and its foundation," said Dr. Allen Barnett Allen Barnett is a professor of electrical engineering and computer science at the University of Delaware. He is the principal investigator of the DARPA-funded Consortium for Very High Efficiency Solar Cells. , President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AstroPower. "AstroPower is committed to meeting the needs of all of our customers, and we are dedicated to increasing the quality of life of those residing off the utility grid in rural countries as well as mainstream U.S. consumers. We are honored to be considered one of the best 200 small companies." About AstroPower Headquartered in Newark, Delaware Newark is a city in New Castle County, Delaware, 12 miles (19 km) west-southwest of Wilmington. According to 2006 Census Bureau estimates, the population of the city is 30,060.[1] Newark is the home of the University of Delaware. , AstroPower is the world's largest independent manufacturer of solar electric power products, and one of the world's fastest-growing solar electric power companies. AstroPower develops, manufactures, markets and sells a range of solar electric power generation products, including solar cells, modules, and panels as well as its SunChoice(TM) pre-packaged systems for the global marketplace. Solar electric power systems provide a clean, renewable source of electricity in both off-grid and on-grid applications. For more information, please visit www.astropower.com. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are made pursuant to the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements involve risks and uncertainties, as described in the Company's registration statements and periodic reports filed with the Securities and Exchange Commission. As a result, there can be no assurance that the Company's future results will not be materially different from those projected. The projections contained herein speak only of the Company's expectations as of the date of this press release. The Company hereby expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which such statement is based. |
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