International manufacturer makes Oakville home for its first North American facility

Oakville, February 12, 2010 – For Immediate Release

The Town of Oakville has been chosen by Solar Semiconductor as the location for its first North American manufacturing facility. This international investment will provide Canadian manufactured solar photovoltaic (“PV”) products and solutions for the growing green energy market.

“On behalf of the government of Ontario I would like to welcome Solar Semiconductor to our province,” said Sandra Pupatello, Minister of Economic Development and Trade. “Today’s announcement demonstrates the company’s confidence in our economy, our workforce, and the opportunities afforded by our Green Energy Act.”

This international investment is a win for the environment and economy of Oakville, Ontario, and Canada. The high quality products offered by Solar Semiconductor provide electric power for homes and businesses. Solar technology has many great benefits. It can be installed on existing buildings. It uses an unlimited, renewable resource. It produces zero emissions, zero noise and takes up zero usable space.

“This investment in green technology is great news for the people of Oakville,” said MPP Kevin Flynn. “The province’s Green Energy Act has opened the door for companies such as Solar Semiconductor to invest in our community and create high-value, sustainable jobs that will benefit our economy.”

Over the coming months, Solar Semiconductor will be hiring local personnel for its new facility. Within two years, the company will create over 200 full-time and part-time jobs becoming one of Oakville’s top 10 advanced manufacturers, making a significant contribution to Ontario’s economic recovery.

“Solar Semiconductor is precisely the type of knowledge-based company Oakville has targeted for its Economic Development Strategy. Town staff have worked closely with Solar since November 2009 to help make this day possible,” said Mayor Rob Burton. “We are proud to have Solar become a part of our strong business community and we look forward to exploring ways to partner with them on initiatives that will make Oakville the most livable town in Canada.”

Hari Surapaneni, President and CEO, Solar Semiconductor is thrilled to be setting up its Canadian plant in Oakville. “We chose this town because it had the talent pool required to meet our personnel needs, is a central location to our target market, and the requisite infrastructure that will allow us to grow as we continue to expand our market in Canada,” said Surapaneni. “We are grateful for the support we have received from the town and the province and are excited to becoming part of the Oakville community and economy.”

About Solar Semiconductor Inc.
Solar Semiconductor opened its first manufacturing plant near Hyderabad, India. The campus is situated on a 50 acre site with state-of-the-art manufacturing equipment and a world-class testing laboratory for internal certification and qualification. Since its incorporation in April 2006, Solar Semiconductor has quickly become a long term, supplier of choice for many of the world’s largest systems integrators and wholesalers. The company designs, develops, manufactures and markets a variety of solar photovoltaic (PV) products and solutions. High quality PV modules offered by Solar Semiconductor provide reliable, environmentally friendly and commercially viable electric power for residential, commercial, industrial and public utility applications in multifarious markets worldwide. For more information about Solar Semiconductors, please visit www.solarsemiconductor.com

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For more information, contact:
Dorothy St. George
Director, Economic Development
Town of Oakville
905-338-4240
dstgeorge@oakville.ca

Jagadish ‘Jake’ Buddhavarapu
Vice President, Marketing and Business Development
Solar Semiconductor
+1 650-521-4308
jb@solarsemiconductor.com

Gisèle Shaw
Manager, Corporate Communications
Town of Oakville
905-845-6601, ext. 3166
gshaw@oakville.ca


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International manufacturer makes Oakville home for its first North American facility