12.10.2007: Meldung: EPV Announces Name Change to EPV Solar

Energy Photovoltaics, Inc. (EPV), a thin-film photovoltaic module manufacturer with headquarters in New Jersey, USA, announced today a series of organizational and senior staff changes that reflect the new direction of the company. Approved by its Board of Directors and shareholders, Energy Photovoltaics, Inc., will now operate as EPV SOLAR, Inc., effective immediately.

“With the infusion of new financing, a name change, and a new executive management team, EPV SOLAR is taking the critical steps necessary to fulfill its plan to be a world-class leader in thin-film solar products,” said Scott T. Massie, CEO.

EPV SOLAR announced six additions to the senior management team:

Chief Financial Officer - Mr. Tom Werthan: With over twenty years of experience in assisting high-technology companies, Mr. Werthan previously served as Chief Financial Officer at EMCORE Corp., a publicly traded manufacturer of compound semiconductor-based components. Prior to EMCORE, he was with The Russell Group, a venture capital partnership where he served as CFO for several portfolio companies. Earlier, Mr. Werthan was employed as COO and CFO for Audio Visual Labs, Inc., a manufacturer of multimedia and computer graphics equipment. He received his B.S./B.A. in Accounting from Boston University.

Vice-President, Operations - Robert Bryan, Ph.D.: An experienced scientist, entrepreneur, and operations executive, Dr. Bryan founded and spearheaded two successful companies - MicroOptical Devices (fiber optics) and Vixel Corp. (vertical cavity lasers) - before joining EPV SOLAR. Subsequent to the purchase of MicroOptical by EMCORE Corp., Dr. Bryan was employed as General Manager of Fiber Optics at EMCORE. Dr. Bryan holds a Ph.D. with high honors in Electrical Engineering from the University of Illinois and is an inventor on over a dozen patents.

Vice-President & General Counsel - Howard Brodie, Esq.: Formerly the Chief Legal Officer, Executive Vice-President and Secretary of EMCORE Corp., Mr. Brodie has significant experience in commercial transactions, mergers and acquisitions, corporate finance and corporate governance. While at EMCORE, he played an active role in financing transactions, helping EMCORE raise more than $300 million in the capital markets. He was also critical to several strategic transactions, including the sale of the company"s joint venture interest for $100 million, the sale of its New Jersey manufacturing operations for $80 million and the acquisition of numerous complementary businesses and product lines. Prior to EMCORE, Mr. Brodie was with the law firm of White & Case, LLP, where he practiced corporate finance and mergers and acquisitions. He is a graduate of Yale Law School and clerked for Chief Judge Gilbert S. Merritt on the Sixth Circuit Court of Appeals.

Vice-President, Business Development: - Mr. Wayne LeBlanc: With 35 years of experience in sales and marketing, Mr. LeBlanc brings to EPV SOLAR a background in retail electricity and electric deregulation. He is a founder of one of the first independent electric retail providers in the U.S. He has held executive and management positions in companies such as UCE, Baxter International, and Leica. Mr. LeBlanc earned a B.A. in Business Administration from Louisiana State University.

Vice-President, Marketing - Mr. Ren Jenkins: A skilled semiconductor industry executive, Mr. Jenkins has over 20 years of experience in Marketing, Sales, Business Development, Engineering Management, and Operations. He previously held executive and management positions at AT&T, Lucent Microelectronics, IQE, and Mesh Semiconductor, Inc. He has successfully launched several different classes of semiconductor products. Mr. Jenkins holds a B.S. in Electrical Engineering from Penn State University and an M.S. in Electrical Engineering from Clemson University.

Vice-President, Sales - Mr. William Weisbecker: A co-founder and Vice-President of Quantum Epitaxial Designs, Inc. (QED), Mr. Weisbecker comes to EPV SOLAR with a solid foundation of experience in sales and marketing in the compound semiconductor industry. He previously was Regional Sales Manager for EMCORE Corp. and held similar positions at GAIN Electronics, Robert Diamond, Inc., and Sumitomo Electric Industries. Mr. Weisbecker holds a B.S. in Physics from Wagner College.

EPV SOLAR and New Financing
EPV SOLAR announced $77.5 Million of new financing on June 20, 2007, for the purpose of expanding its thin-film photovoltaic module manufacturing capacity. The company’s plans call for an increase of more than 85 MW of annual manufacturing capacity over the next 18 months. Several U.S. states and European countries are under consideration for EPV SOLAR’s manufacturing capacity expansion.

The company was founded in 1991 as a thin-film photovoltaic equipment manufacturer based near Princeton, New Jersey, USA. EPV SOLAR develops its own manufacturing equipment for production of high-performance, low-cost amorphous-silicon thin-film photovoltaic modules and products.

Dolores A. Phillips
Communications Director
8 Marlen Drive
Robbinsville, NJ 08691 USA
609-587-3000 ext. 1118
609-516-3526 celld.phillips@epv.net
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