Signet Solar Celebrates Success of First Full Year of Production With the Introduction of 400 W Single Junction Silicon Thin Film Modules

Industry`s First Single Junction 400 W Module Yields Higher Return on Investment
for Solar Farms
MENLO PARK, Calif.--(Business Wire)--
Signet Solar, a global manufacturer of thin film silicon photovoltaic (PV)
modules, today announced the introduction of 400W power class module using
single junction (SJ) thin film silicon technology. Signet Solar started volume
production of these TUV certified large area thin film modules in October 2008
by implementing its proprietary technology on commercially available equipment.
The production line has successfully ramped up over the last year and is
operating at full capacity.

Signet`s consistent execution to its roadmap of improving module efficiency and
output power has been well received by its customers. In addition to providing
15% higher output, the 400W single junction modules reduce balance of system
costs by 7% to 10%. "Our strategy of utilizing proven, commercially available
equipment and implementing proprietary technologies has enabled us to quickly
bring to market the industry leading price performance large area modules for
utility scale power generation," said Rajeeva Lahri, CEO and founder of Signet
Solar. "Our first year of production has been a resounding success with
customers and partners who have embraced the usage of our large form factor
modules, translating into a meaningful increase in internal rates of return
(IRR) for investors."

Signet Solar`s German engineered, high quality large area modules have already
been deployed in over 15 solar photovoltaic installations in Europe and US
ranging from solar farms to commercial rooftops applications. Signet has been
able to support its customers in securing bank financing of its solar
photovoltaic modules by reducing financing risk through its warranty insurance
from Munich Re, one of Europe`s largest insurance companies. Signet Solar is an
innovation leader in large area silicon thin film module technology, working
with customers worldwide to bring low cost solutions to solar farms and
commercial roof top installations.

About Signet Solar

Signet Solar, Inc. is a global company established in 2006 to bring Clean
Affordable Renewable Energy to people and countries worldwide. Headquartered in
Menlo Park, California, the company has been founded to design, develop,
manufacture and market thin film silicon photovoltaic modules. A first mover in
the commercialization of large area silicon thin film silicon photovoltaic
technology, Signet`s modules will bring down the cost of solar power by reducing
manufacturing costs, balance of system costs, and installation time.Signet`s
products are designed for solar farms, large commercial installations, and
building integrated photovoltaics (BIPV).For more information please visit
www.signetsolar.com.

Signet Solar and Clean Affordable Renewable Energy are trademarks of Signet
Solar, Inc. in the United States and other countries.

Signet Solar, Inc.
Keshav Prasad, 1-650-289-0399
pr@signetsolar.com

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