Evergreen Solar Introduces Higher-Power Solar Panel.MARLBORO Marlboro or Marlborough (märl`bərō), city (1990 pop. 31,813), Middlesex co., E Mass.; settled on the site of a Native American village 1657, inc. as a city 1890. , Mass. -- Evergreen Solar Evergreen Solar, Inc., founded in 1994,[1] develops, manufactures and markets solar power products enabled by its String Ribbon technology that provide environmentally clean electric power throughout the world. , Inc. (Nasdaq: ESLR ESLR Expected Schoolwide Learning Results ESLR Equivalent Slr ), a manufacturer of solar power products with its proprietary, low-cost String Ribbon(TM) wafer technology, today introduced a 120-watt solar panel. The new EC-120 is the latest in Evergreen Solar's Cedar Line(TM) of photovoltaic The generation of voltage by a material that is exposed to light in the visible and invisible ranges. See photoelectric and photovoltaic cell. panels. With the same physical dimensions as the Company's current 110-watt and 115-watt panels, the new product delivers increased power from the same area. Through its patented String Ribbon technology, Evergreen Solar produces its panels using significantly less silicon than conventional production methods. "This new Cedar Line model is our latest in a series of technology advances," said Dr. Terry Bailey, Evergreen Solar Senior Vice President, Marketing and Sales. "Our EC-120 panel reduces installation costs for end users, making solar power more cost-competitive with conventional retail electricity." As announced in November 2005, Evergreen Solar tests all Cedar Line panels to a stringent -2% peak power rating at Standard Test Conditions, which ranks among the industry's best. All Cedar panels have the following safety and quality certifications: IEC (International Electrotechnical Commission, Geneva, Switzerland, www.iec.ch) An organization that sets international electrical and electronics standards founded in 1906. It is made up of national committees from over 60 countries. IEC - International Electrotechnical Commission 61215, UL Class C, TUV (Technischer Überwachungs-Verein) Literally "Technical Watch-Over Association." A German certifying body involved with product safety for the European community. Safety Class II and CE. About Evergreen Solar, Inc. Evergreen Solar, Inc. (Nasdaq: ESLR) develops, manufactures and markets solar power products using the Company's proprietary low-cost manufacturing technologies. The products provide reliable and environmentally clean electric power in global markets. Solar power applications include complete power systems for electric utility customers choosing to generate their own environmentally benign power, as well as wireless power for remote homes, water pumping The pumping of water is a basic and practical technique, far more practical than scooping it up with one's hands or lifting it in a hand-held bucket. This is true whether the water is drawn from a fresh source, moved to a needed location, purified, or used for irrigation, washing, or , lighting and rural electrification rural electrification Project of the U.S. government in the 1930s. As part of the New Deal, the Rural Electrification Administration (REA) was established (1935) to bring electric power to farms, thereby raising the standard of rural living and slowing the migration of farm . For more information, visit www.evergreensolar.com. Evergreen Solar(R) is a registered trademark and String Ribbon(TM) and Cedar Line(TM) are trademarks of Evergreen Solar, Inc. A Cautionary Note Regarding 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. This press release contains forward-looking statements within the meaning of federal securities laws. 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 the Company's expectations regarding product performance and cost and technological competitiveness. 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 is heavily influenced by government regulations and policies over which the Company has little control; the continuing improvement of the Company's technology and manufacturing cost may take longer or cost more than projected; and technological changes in the solar power industry could render the Company's solar power products uncompetitive or obsolete. In addition to the foregoing factors, the risk factors identified in the Company's filings with the Securities and Exchange Commission - including the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the SEC on March 10, 2005 and Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended October 31, 2005, filed on November 10, 2005 (copies of which may be obtained at the SEC's website at: 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. |
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