Evergreen Solar on the Fast Track

Evergreen Solar was named to the prestigious New England Technology Fast 50 list. The annual ranking, conducted by Deloitte & Touche, and Wilmer Cutler Pickering Hale and Dorr, designates the fastest-growing companies located in Massachusetts, New Hampshire, Vermont, Maine and Rhode Island by revenue growth.

Marlboro, Massachusetts – August 20, 2004 [SolarAccess.com] “This award recognizes the substantial progress that the Evergreen Solar team has achieved over the last few years,” said Richard M. Feldt, president and CEO of Evergreen Solar. “Importantly, we remain optimistic about our continued growth prospects given our strategic capacity expansion plan and our promising String Ribbon process.” Evergreen Solar develops, manufactures, and markets solar power products with an emphasis on low-cost manufacturing technologies. Solar power applications include wireless power for remote homes, water pumping, lighting, and rural electrification, as well as complete power systems for electric utility customers choosing to generate their own environmentally benign power. Winners are selected based on the percentage of growth in fiscal year revenues from 1999 to 2003. Fast 50 entrants must meet the following criteria: Have operating revenue of at least $50,000 in 1999 and at least $1,000,000 in 2003; be a public or private company, headquartered in New England, excluding Connecticut.; be a “technology company” defined as owning proprietary technology that contributes to a significant portion of the company’s operating revenues; and/or devoting a significant proportion of revenues to research and development of technology. Subsidiaries and divisions are not eligible, unless they have some public ownership and are separately traded “Each (Fast 50) company has a remarkable story of sustained revenue growth in challenging and competitive industries,” said William F. Lee, co-managing partner at Wilmer Cutler Pickering Hale and Dorr. “The Fast 50 winners have been chosen because they have proven that they have the most impressive record for growth and lead the way for New England technology companies.”
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