AstroPower Solar Cell Named One of the Most Technologically Significant New Products of the Year; Company's Eight-Inch APex Solar Cell Receives Celebrated Award from R&D Magazine.Business Editors NEWARK, Del.--(BUSINESS WIRE)--Sept. 25, 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 R&D Magazine has named its eight-inch APex(TM) solar cell solar cell, semiconductor devised to convert light to electric current. It is a specially constructed diode, usually made of silicon crystal. When light strikes the exposed active surface, it knocks electrons loose from their sites in the crystal. one of the 100 most technologically significant new products of the year. The September issue of R&D Magazine, showcasing AstroPower's APx-8 solar cell, hits the desks of 100,000 research scientists and engineers at high-tech industrial companies and research laboratories this week. R&D Magazine's R&D 100 awards recognize inventions that are significant gains over previous technologies and have the potential to improve the quality-of-life of large numbers of people. This is the third R&D 100 award AstroPower has received. AstroPower's APx-8 solar cell is the largest, most powerful solar cell available within the solar electric power industry, and is manufactured via the company's proprietary high-speed, continuous-sheet Silicon-Film(TM) process. Currently in commercial volume production, AstroPower's APx-8 solar cell is suitable for a variety of applications, including Building-Integrated Photovoltaics (BIPV BIPV Building-Integrated Photovoltaic (system) BIPV Bit Interleaved Parity Violation ), and offers unmatched power in an eight-inch package. "The APx-8 is a technical breakthrough not only because it is almost twice as large as the largest solar cell offered by other manufacturers, but also because it is produced via our low-cost, high-throughput process and it represents another important development in the advancement of our APex technology," said Dr. James Rand, Vice President, Research and Development at AstroPower. "This technology has been under development for 10 years, and it is the result of contributions from a wide range of people." In addition to Dr. Rand, the Rand, the: see Witwatersrand. product development team for AstroPower's award-winning APx-8 solar cell includes: Scott Kendall, Engineering Manager; Sandra Collins Sandra Collins is an American DJ born in Las Vegas, Nevada and is one of the most important and famous female DJ's in the electronic scene. Considering her gender, Collins is unique in her international fame, especially in Europe. , Process Engineer; Joseph Checchi, Engineer; David Ford David Ford is a Northern Ireland politician. He is a member of the Northern Ireland Assembly and has been leader of the Alliance Party of Northern Ireland since 2001. , Engineering Manager; Chris Kendall, Engineering Project Manager; Ralf Jonczyk, Manager, Process Development; Dr. Robert Hall
"AstroPower is bringing the benefits of solar electric power to the mainstream U.S. consumer as well as to those residing off the utility grid in rural markets," Dr. Barnett said. "This award recognizes the impact solar electric power - particularly, AstroPower's large-area Silicon-Film solar cell - can have on billions of people worldwide. Through our proprietary Silicon-Film manufacturing process, AstroPower will continue to produce low-cost solar power products, and further the widespread adoption of solar electric power technology." About AstroPower Headquartered in Newark, 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 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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