DGAP-News: SoloPower Names Paolo Pietrogrande to Board of Directors and Bart Van Ouytsel as Head of Sales in Europe, Middle East, and Africa


SoloPower 

27.06.2012 09:01
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Veterans of the Solar Energy and Renewables Space Add Expertise and Experience
to SoloPower's Mission to Make Rooftop Solar the Main Energy Source for World's
Commercial and Industrial Buildings 

SAN JOSE, Calif., 2012-06-27 09:01 CEST (GLOBE NEWSWIRE) --
SoloPower, the San Jose, California-based manufacturer of high efficiency,
lightweight and flexible thin-film solar cells and modules, has appointed Paolo
Pietrogrande as a member of its Board of Directors and Bart Van Ouytsel to lead
sales in Europe, the Middle East, and Africa (EMEA). Mr. Pietrogrande was
approved on June 13, and Mr. Van Ouytsel started in his role on June 1. 

Veterans of the solar energy and renewables space, Mr. Pietrogrande and Mr. Van
Ouytsel add expertise and experience to SoloPower's mission to make rooftop
solar the main energy source for the world's commercial and industrial
buildings. The new additions come after SoloPower launched its next-generation
of integrated solar solutions at Intersolar Europe in Munich, Germany, one of
the largest solar industry exhibitions in the world. SoloPower's
first-of-their-kind easy installation systems are designed to make SoloPower's
SoloPanels perform optimally and to be integrated into a variety of roof
systems across geographies. SoloPower's integrated solar solutions address
rooftops that cannot bear the weight of heavier, traditional panels while
expanding the global solar rooftop market. 

'It's a really exciting time for SoloPower, with Paolo and Bart joining our
team, the recent introduction of our next generation of solar solutions, and
hiring for the high volume manufacturing facility we're preparing to open in
Portland, Oregon,' said Tim Harris, CEO, SoloPower. 'Paolo's extensive
experience in utilities, in renewable power generation, and in managing
international manufacturing companies will help us make solar energy possible
for any rooftop in the world. And Bart's global expertise in the solar energy
and building materials industries are just what we need to continue our
customer growth.' 

Mr. Pietrogrande is Chairman of Element Power Solar, a developer that put 77MW
in operation and has 2800MW of pipeline in North America, Latin America,
Europe, and other emerging markets. In his past positions, he supervised the
development and operation of over 4000MW of renewable energy projects around
the world, including 200MW of solar power plants. He has 31 years of experience
in alternative energy and corporate management, is a founding partner of
Netplan Management Consulting, and has held leadership and executive positions
in companies such as Enel, Gamesa Solar, General Electric, Bain, and KTI. He
joins the SoloPower Board of Directors just three months after General Wesley
K. Clark (USA, Retired), former NATO Supreme Allied Commander, Europe and a
former U.S. Presidential candidate, was appointed to SoloPower's Board of
Directors as an independent director. 

'SoloPower has developed the most compelling approach, technology, and
manufacturing capability to address a unique solar market need,' said Mr.
Pietrogrande, who currently sits on the boards and advisory committees of other
public companies. 'I'm honored to be working closely with the SoloPower team
and its dedicated board that provides critical leadership and support to the
company. Together, we're on a path to make solar the primary source of energy
for the world's commercial and industrial buildings.' 

SoloPower's proprietary approach embodies critical technology, manufacturing,
and cost advantages that enable large-scale 'fab-style' production of
high-efficiency CIGS-based photovoltaic cells. The CIGS cells are then packaged
into unique, flexible, lightweight solar modules that require less
balance-of-system hardware and are easier to install than traditional solar
panels. 

A seasoned professional in alternative energy management, Mr. Van Ouytsel most
recently served as Vice President of European Sales and Marketing for EMEA at
Solar Integrated, an Energy Conversion Devices company. Over a seven-year
period, Mr. Van Ouytsel had profit and loss and sales responsibility for $40
million in annual revenue. 

'SoloPower is paving the way for the future of solar energy around the globe,
and I'm looking forward to being a part of the company's continued growth as we
expand the possibilities of solar integration,' said Mr. Van Ouytsel, who is
fluent in Dutch, German, English, and French. 'We see great opportunity in
Italy, Japan, the U.S., and around the world.' 

For more information, visit www.SoloPower.com.

About SoloPower

Headquartered in San Jose, California, SoloPower Inc. uses innovative,
proprietary roll-to-roll electrodeposition manufacturing technology to produce
low-cost, lightweight and flexible high efficiency copper, indium, gallium and
(di)selenide ('CIGS') based photovoltaic cells. The CIGS cells are then
packaged into unique, flexible, lightweight solar modules. The modules require
less balance-of-system hardware and are easier to install than traditional
solar panels. SoloPower modules are certified to both UL and IEC standards. The
company is in the process of constructing its manufacturing headquarters and
first high-volume manufacturing lines in Portland, Oregon. Lead investors in
the company include Hudson Clean Energy Partners, Crosslink Capital, Convexa,
and Firsthand. For more information on SoloPower, please visit
www.solopower.com. 

The SoloPower logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=13460 


         CONTACT: John Keaten
         212.784.5701
         jkeaten@groupgordon.com
News Source: NASDAQ OMX



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Language:     English
Company:      SoloPower
              
               
              United States
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         US9902121287
WKN:          
 
End of Announcement                             DGAP News-Service
 
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