Skyline Solar Appoints Dr. Lars Podlowski to its Board of Directors

Posted on: Tue, 26 May 2009 11:00:00 EDT


Symbols: SGFRF
MOUNTAIN VIEW, Calif. & MUNICH, Germany, May 26, 2009 (BUSINESS WIRE) --
SGFRF | Quote | Chart | News | PowerRating -- Skyline
Solar, a manufacturer of High Gain Solar (HGS) arrays for the
commercial, industrial, government and utility markets, today announced
the newest appointment to the Skyline Board of Directors, Dr. Lars
Podlowski. Dr. Podlowski has spent more than a decade in solar industry
technical and management roles, and is currently a Management Board
member and CTO at SOLON SE. He combines extensive technical expertise in
the implementation of large scale solar products, systems and plants
with an intimate knowledge of European markets, which will help Skyline
Solar as the company looks to expand globally into markets like Italy,
Spain, Greece, the Middle East and Africa.

As part of the company's move into international markets, Skyline CEO
Bob MacDonald and other Skyline executives will attend the Intersolar
Conference this week in Munich, Germany. Skyline Solar executives will
be available to introduce the newly launched company to potential
partners, customers and media attending the world's largest solar event
of 2009.

"Skyline Solar has gone from Series A funding to first installed PV
power plant in eight months. I have been impressed with Skyline's
progress and am excited to work with them as they transition to
manufacturing and deployment of large scale solar power plant
equipment," said Dr. Podlowski.

Skyline's
HGS architecture delivers ten times more energy per gram of silicon
versus traditional flat-panel systems in sunny locations and offers
industry-leading energy density. Skyline HGS arrays combine
industry-proven silicon cells, durable reflector materials and
single-axis tracking into a complete, easy-to-deploy system. Built
primarily out of commodity materials with globally available
manufacturing processes from the PV and automotive industries, Skyline
HGS simultaneously improves financial payback and scalability. As a
result, Skyline Solar believes the HGS architecture is the fastest path
to grid parity.

"Dr. Podlowski's executive experience leading technological innovation
for SOLON, one of Europe's largest solar module manufacturers and a
leading supplier of photovoltaic systems for large-scale solar power
plants, will be a great addition to the Skyline Solar leadership team,"
said Bob MacDonald, CEO of Skyline Solar. "We are elated to have him on
board as we develop our strategic position in the rapidly evolving solar
landscape, especially within the competitive European market. As we move
into full production of the Skyline HGS system later this year, we
expect Europe to be a major strategic market for the company as project
developers and financiers look for solutions that offer the performance
and durability of tracked silicon at a cost competitive with thin-film
solutions in sunny climates."

For nearly two decades, Dr. Podlowski has been integral in the
scientific development and innovation of solar modules and the
realization of large-scale solar plants throughout Europe, making Europe
the leader in solar power capacity. Today, he is CTO for a company that
has expanding business and supply chain operations in North America.
Prior to SOLON SE, Dr. Podlowski founded SolarWerk GmbH (Teltow) which
was acquired by SOLON SE in 1999.

On May 4, 2009, Skyline
announced the launch of the company and its HGS architecture after
achieving key product, financing and customer milestones.

Company Milestones

--
Construction
of the Company's First Demonstration Plant--Skyline Solar entered
into a public-private partnership agreement with the Santa Clara
Valley Transportation Authority (VTA) to construct its initial
demonstration plant in San Jose, Calif.

--
Pilot Manufacturing & Component Certification--after a year of
under-sun reliability and system testing at the company's Mountain
View headquarters, Skyline has submitted components of its HGS system
for certification and has entered pilot manufacturing in the U.S. and
Asia.

--
24.6 million in Series A Venture Financing--Skyline Solar has received
an equity investment from New Enterprise Associates (NEA), and several
other financial and strategic investors.

--
U.S. Department of Energy (DOE) Funding--in the first quarter of 2009,
the company signed a developmental contract with the DOE for $3
million. Skyline Solar was selected as one of six solar photovoltaic
technology companies to receive funding under the DOE's Solar America
Initiative. The company was cited as developing a technology that
could "make solar energy cost-competitive with conventional forms of
electricity."

--
Key Executive and Board Member Appointments--in addition to Dr.
Podlowski, Skyline Solar has attracted top executive talent from a
number of relevant industries, including finance, manufacturing and
logistics.

Intersolar Meeting Requests

Industry executives, partners, customers and media interested in meeting
with Skyline Solar at Intersolar 2009 in Munich can contact Katy
Garlinghouse at Schwartz Communications (+1-415-512-0770 or skylinesolar@schwartz-pr.com).

About Skyline Solar

Skyline
Solar manufactures High Gain Solar (HGS) arrays incorporating
industry-proven silicon cells, durable reflector materials and
single-axis tracking into a complete, easy-to-deploy system. Skyline HGS
delivers ten times more energy per gram of silicon than traditional flat
panel systems. Built primarily out of commodity materials and assembled
using globally available manufacturing processes, Skyline HGS
simultaneously improves financial payback and scalability, thereby
accelerating the path to grid parity.

Skyline was founded in 2007 and is led by veterans of the solar energy
and high volume manufacturing industries. The company is funded by NEA,
other VCs and strategic investors. Skyline also received funding from
the US Department of Energy (DOE) to accelerate production. Skyline went
from prototype to first grid connected customer in less than one year
and is now engaging partners and end customers for production systems
starting in late 2009. For more information, visit www.skyline-solar.com

SOURCE: Skyline Solar


Schwartz Communications
Jason Morris or Katy Garlinghouse, +1 415-512-0770
skylinesolar@schwartz-pr.com

For full details on (SGFRF) SGFRF. (SGFRF) has Short Term PowerRatings at TradingMarkets. Details on (SGFRF) Short Term PowerRatings is available at This Link.

UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
Thursday February 11 04:30 PM
* Attendance is strictly limited and are filled on a first-come, first-served basis.