Nanosolar Awarded #1 Solar America Contract

By Martin Roscheisen, CEO - September 23, 2007

I am honored to be able to confirm that Nanosolar has been selected — and completed negotiation — for a substantial funding award as part of the high-profile Solar America Initiative.

The competition was stiff and included every single significant solar company in this country, including SunPower, First Solar, General Electric, etc. So we are proud that the U.S. Department of Energy (DoE) has decided to award us the largest net amount any company receives as part of the Solar America Initiative.

This award from the DoE comes at a timely junction of commercial acceleration for our company. It brings the DoE in alignment with the private investment community which has long recognized the distinctly superior potential of our technology.

We will do our best to deliver truly outstanding results for every dollar received, commensurate with our leading position of selection.

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