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March 31, 2009

Prism Solar Buys 60-MW Manufacturing Plant

New York, United States [RenewableEnergyWorld.com]

Prism Solar Technologies Inc. (PST), has acquired a new manufacturing site in New York State. The site, located in Highland, New York includes 6.5 acres of land and a 93,000 square-foot manufacturing building. The facility was purchased for US $3.75 million from PLASMACO.

"This will allow us to jump-start our operations and will immediately begin renovating the facility to allow a quick transition to our module manufacturing pilot line and then on to full production."

-- Rick Lewandowski, CEO, Prism Solar

The Highland facility will ultimately produce 60 megawatts (MW) of solar modules per year for the U.S. market and 1000 MW of HPC film for sale to other solar module manufacturers.

“We are extremely excited to have purchased this unique facility” said Rick Lewandowski, Prism’s CEO. “This will allow us to jump-start our operations and will immediately begin renovating the facility to allow a quick transition to our module manufacturing pilot line and then on to full production.”

Prism’s new plant includes glass handling and glass cleaning equipment, a compete machine shop, specialty optical equipment, 30,000 square-feet of clean-rooms, a wet lab, facility-wide security and building management systems. Prism intends to create over two hundred jobs in the first few years or operations at the plant and up to 400 over five years.
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