SOURCE: Solar Semiconductor Inc.

Solar Semiconductor Inc.

December 13, 2011 22:00 ET

Solar Semiconductor Awarded Four Export Performance Awards

SUNNYVALE, CA--(Marketwire - Dec 13, 2011) - Solar Semiconductor was awarded four export performance awards in recognition of Performance in Exports during the years 2008-09 and 2009-10 among EOUs/SEZ units in Andhra Pradesh, India at a function held by Govt. of Andhra Pradesh. Awards were presented by Hon'ble Chief Minister of Andhra Pradesh Mr. Kiran Kumar Reddy and received by Mr. SSN Prasad, Director, Solar Semiconductor Pvt. Ltd.

Solar Semiconductor was awarded the honor for Export Oriented Units (EOU) and Special Economic Zones (SEZ) in the following categories:

1. Best Export Performance amongst 100% EOUs in Engineering Sector for the year 2008-09.

2. Commendable export performance amongst Private SEZ Units for the year 2008-09.

3. Best Export Performance amongst 100% EOUs in Engineering Sector for the year 2009-10.

4. Export performance amongst Private SEZ Units for the year 2009-10.

Mr. Hari Surapaneni, Chairman of Solar Semiconductor, said, "Solar Semiconductor has put in place a strong customer profile and quality management system to produce the highest quality products. We sincerely appreciate our customers and business partners for the trust and confidence extended in us enabling us to achieve these awards. The awards also demonstrate our commitment and sustainability even during the world's economic down trend and turbulent years for the solar industry."

"In our fourth year of commercial operations and with two down trend solar industry cycles, the company has shown significant growth in capacity and revenue," said Mr. Nava Akkineni, Executive Vice President.

About Solar Semiconductor:
Solar Semiconductor is a pioneer in offering innovative solutions that leverage the sun's energy to address various demands on electricity.

Solar Semiconductor is an international organization that offers PV 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 and 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 the USA, Canada and Dubai, with manufacturing operations in Hyderabad, India.

Solar Semiconductor's reputation for quality is backed by numerous certifications it has received from premier international testing organizations including CSA, UL and TUV.

Solar Semiconductor currently has 195 MW of manufacturing capacity and numerous systems Integration projects around the world; plans to expand to over 1GW in next few years; and, over 750 employees.

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