AstroPower Named One of Best Small Companies

AstroPower has been named one of the 200 best small companies by Forbes magazine. Ranked 19th in terms of annual sales growth and 147th overall…

Newark, Delaware – October 18, 2002 [SolarAccess.com] AstroPower has been named one of the 200 best small companies by Forbes magazine. Ranked 19th in terms of annual sales growth and 147th overall, AstroPower is being featured in the technology sector in the October 28, 2002 issue of Forbes Magazine. The Forbes 200 Best Small Companies list surveys public companies based on factors such as sales, market value and profits, as well as relative stock price strength. Only companies with 12-month sales of US$5 million to US$600 million; a stock price above US$5 per share; a five year average return on equity of at least five percent; and a net margin of at least five percent, excluding extraordinary and nonrecurring items, are reviewed. “This recognition is a tribute to AstroPower and its foundation,” said Allen Barnett, President and CEO of AstroPower. “AstroPower is committed to meeting the needs of all of our customers, and we are dedicated to increasing the quality of life of those residing off the utility grid in rural countries as well as mainstream U.S. consumers. We are honored to be considered one of the best 200 small companies.” Headquartered in Newark, Delaware, AstroPower is the world’s largest independent manufacturer of solar electric power products, and one of the world’s fastest-growing solar electric power companies, according to the company. AstroPower develops, manufactures, markets and sells a range of solar electric power generation products, including solar cells, modules, and panels as well as its SunChoice pre-packaged systems for the global marketplace. AstroPower – NASDAQ: APWR Access:
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