SOURCE: Solar Semiconductor

Solar Semiconductor

August 11, 2011 09:30 ET

Larry C. Holmberg Appointed CEO of Solar Semiconductor, Inc.

NEW DELHI, INDIA and SUNNYVALE, CA--(Marketwire - Aug 11, 2011) - Solar Semiconductor, Inc. announced today at the India Renewable Energy Expo that Larry C. Holmberg has been appointed CEO and a member of the Board of Directors of the Company. Larry is a Co-Founder and CEO of Solar Infra, Inc. Solar Semiconductor also announced the signing of an agreement to acquire Solar Infra and is in the process of completing the acquisition.

"We are very excited to have Larry join our executive team," said Hari Surapaneni, Chairman of the Board of Solar Semiconductor. "He brings a wealth of executive experience in the solar and high tech industries and has a track record of success in engaging customers, suppliers and employees. Larry's experience and leadership will ensure our continued success and enable us to meet the challenges that the solar industry faces in the current global economy." Larry will attend the Expo along with other industry leaders from around the world to support the Government's ambitious National Solar Initiative to bring cost effective renewable energy to the country.

While participating in the EXPO and meeting with industry leaders, Holmberg discussed his vision for Solar Semiconductor and his plans for the Company around a clear, compelling vision for growth. He stressed that with its strong technology, quality manufacturing, R&D and project development teams in India, Solar Semiconductor is poised to take advantage of one of the largest solar markets in the world. "It's a privilege to join the Solar Semiconductor team," said Holmberg. "I look forward to working with our customers, employees and partners to build upon the existing advantage that Solar Semiconductor is already the number one solar company in India. I am extremely excited about our future in India and around the world."

About Solar Semiconductor, Inc.
Solar Semiconductor is a pioneer in offering innovative solutions that leverage Sun's energy to address various demands on electricity. Solar Semiconductor is an international organization that offers PV technology and solutions, products and services to worldwide markets including the Americas, Europe, Asia and Africa. It is a vertically integrated full service Systems provider which also manufactures its own PV modules and cells. Market segments addressed include Utilities, Government, Commercial, Residential as well as various specialized applications such as water pumping, rural or remote household (cabins) electrification and power for telecom cell towers. Solar Semiconductor has offices in USA, Canada and Dubai with manufacturing operations in Hyderabad, India. Solar Semiconductor's reputation for quality is backed by various certifications it has received from premier international testing organizations including UL, CSA, and TUV.

Solar Semiconductor currently has 195 MW manufacturing capacity and various Systems Integration projects around the world. Over 800 employees contribute to the success of Solar Semiconductor.

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