Evergreen Solar Announces Appointment of Dr. Susan F. Tierney as a Director
September 3, 2008
Marlboro, Massachusetts, September 2, 2008 – Evergreen Solar, Inc. (NasdaqGM: ESLR), a manufacturer of String Ribbon™ solar power products with its proprietary, low-cost wafer technology, today announced the appointment of Dr. Susan F. Tierney to the company’s Board of Directors. Her appointment brings the Evergreen Solar Board membership to six.
Dr. Tierney is an expert on energy policy and economics, specializing in the electric and gas industries, with 25 years of experience in the energy sector – in public utility and environmental regulation, and private consulting firms. She is currently a Managing Principal with the Analysis Group, a nationwide firm founded in 1981 that provides economic, financial, and business strategy consulting services to law firms, corporations, and government agencies.
"We are extremely pleased to welcome Dr. Tierney to our Board," said Mr. Richard M. Feldt, Chairman, President and CEO. "She brings a wealth of energy industry expertise from both her public and private sector experiences that will be invaluable to us as we expand production and further our relationships with utilities and other companies downstream in the value chain."
Dr. Tierney has consulted to companies, governments, non-profits, and other organizations on energy markets, economic and environmental regulation and strategy, and energy facility projects. A former Assistant Secretary for Policy at the U.S. Department of Energy and state public utility commissioner, Dr. Tierney is chairman of the board of the Energy Foundation and a member of the National Commission on Energy Policy. She has published widely and frequently speaks at industry conferences. Dr. Tierney received her doctorate and master’s degrees from Cornell University.
About Evergreen Solar, Inc.
Evergreen Solar, Inc. develops, manufactures and markets STRING RIBBON™ solar power products using its proprietary, low-cost wafer technology. The company's patented wafer manufacturing technology uses significantly less polysilicon than conventional processes. Evergreen Solar's products provide reliable and environmentally clean electric power for residential and commercial applications globally. For more information about the company, please visit www.evergreensolar.com.
Safe Harbor Statement
This press release contains forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Evergreen Solar cautions you that any statements contained in this press release that are not strictly historical statements constitute forward-looking statements. Such forward-looking statements include, but are not limited to, those related to: the expansion the company’s manufacturing and sales and the establishment of partnerships with utility companies or other parties. These statements are neither promises nor guarantees, and involve risks and uncertainties that could cause actual results to differ materially from such forward-looking statements, including risks associated with the company’s ability to successfully manufacture and sell its products; uncertainties related to government regulations, subsidies and incentives; risks from various economic factors such fluctuations in currency exchange rates given the company’s primarily Euro-denominated sales contracts and other risks and uncertainties identified in the company’s filings with the Securities and Exchange Commission. The company disclaims any obligation to publicly update or revise any such statements to reflect any change in company expectations, or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.
Contact:
Evergreen Solar, Inc.
Michael El-Hillow, 508-357-2221 x 3244
Chief Financial Officer
investors@evergreensolar.com
