Nanosolar Selects Manufacturing Sites

Company Secures 647,000 Square Feet of Space in the San Francisco Bay Area and in Germany

PALO ALTO, California - December 12th, 2006 - Nanosolar Inc., a global leader in solar power innovation, today announced that it has selected manufacturing sites located in California and in Germany. With these two new sites, Nanosolar now has the capability to utilize up to 647,000 square feet for its cell and panel manufacturing as well as research and development and regional company headquarters.

Nanosolar selected a former Cisco manufacturing facility in San Jose, California, as its U.S. site and a facility in the Berlin capital region as its European site.

Nanosolar San Jose

Nanosolar Germany

The Mayor of San Jose, the city’s economic development team, and PG&E played a key role in keeping Nanosolar in the state of California and attracting it to San Jose. “We appreciate the enthusiastic support and are deeply grateful for the fantastic support provided,” said Martin Roscheisen, CEO of Nanosolar.

Roscheisen also thanked the Mayor of Luckenwalde, Berlin’s Secretary of Commerce, and the Minister of Economy of the state of Brandenburg for help and support. “We are looking forward to a successful partnership with the region,” said Roscheisen. Luckenwalde is located in Germany’s capital region.

With its proprietary nanoparticle ink and fast roll-printing technology, Nanosolar owns the processes and designs to make solar electricity fundamentally less expensive. Nanosolar is presently building manufacturing operations for its breakthrough solar electricity technology and is on schedule to commence commercial production in 2007.

About Nanosolar

Nanosolar is a global leader in solar power innovation. Nanosolar's solar electricity panels deliver unparalleled cost efficiency, enabling customers to use green power without paying more. More information on Nanosolar is available on the Internet at www.nanosolar.com.

Also: German version