MEMC Celebrates Production Of One Millionth Solar Module With Manufacturer Flextronics
PORT OF TANJUNG PELEPAS, Malaysia, Jan. 29, 2013 /PRNewswire/ -- MEMC Singapore Pte. Ltd., a wholly owned subsidiary of MEMC Electronic Materials, Inc. (NYSE: WFR), and Flextronics (NASDAQ: FLEX), today celebrated the production of the one millionth MEMC Silvantis™ solar module at the Flextronics facility in Port of Tanjung Pelepas (PTP), Johor, Malaysia.
The MEMC Silvantis™ solar modules are installed around the world at commercial and utility scale photovoltaic (PV) projects developed by MEMC's solar energy subsidiary, SunEdison, and other global customers of MEMC. Flextronics began manufacturing solar modules for MEMC at PTP in May 2011 following a strategic relationship expansion agreement between the companies. It is estimated that over the course of 20 years, the solar energy produced by these modules will deliver enough electricity to power approximately 700,000 households and offset carbon emissions equivalent to removing over one million cars from the road.
"Flextronics is extremely proud to be helping MEMC achieve its goal of making solar power an economically viable and ubiquitous energy source," said Jeannine Sargent, Flextronics President, Energy. She added, "Today's milestone underscores what companies can achieve when they work together to leverage core expertise for a common goal."
Flextronics PTP was selected to manufacture MEMC's solar panels due to its highly-experienced team and close proximity to solar cell suppliers and the Port of Tanjung Pelepas, one of the world's fastest growing ports in South East Asia.
"Flextronics has been a reliable partner in helping us ramp up our module business," said Gokul Krishnan, General Manager, Modules Business Unit. "Their module manufacturing capabilities paired with our product design expertise is helping us deliver exceptional value to customers. Achieving a one million module milestone is testament to the success of this alliance."
MEMC is a world leader in semiconductor and solar technology. MEMC has been a pioneer in the design and development of silicon wafer technologies for over 50 years. With R&D and manufacturing facilities in the U.S. Europe, and Asia, MEMC enables the next generation of high performance semiconductor devices and solar cells. Through its SunEdison subsidiary, MEMC is also a developer of solar power projects and a worldwide leader in solar energy services. MEMC's common stock is listed on the New York Stock Exchange under the symbol "WFR". For more information about MEMC, please visit www.memc.com.
SunEdison is a global provider of solar-energy services. The company develops finances, installs and operates distributed power plants using proven photovoltaic technologies, delivering fully managed, and predictably priced solar energy services for its commercial, government and utility customers. In 2011, SunEdison interconnected approximately 300 Megawatts of solar throughout the world. For more information about SunEdison, please visit www.sunedison.com.
Flextronics is a leading Fortune Global 500 Electronics Manufacturing Services (EMS) provider focused on delivering complete design, engineering and manufacturing services to automotive, aerospace and defense, computing, consumer, digital, energy, industrial, infrastructure, medical and mobile OEMs. We design, build, ship and service electronics products for our customers through a network of facilities in 30 countries on four continents. We provide after-market and field services to support customer end-to-end supply chain requirements. By combining design and engineering solutions with core electronics manufacturing and logistics services, vertically integrated with components technologies, we optimize our customers' operations, lower their costs and reduce time to market. For more information, please visit http://www.flextronics.com or follows us on Twitter @flextronics.
SunEdison (407) 414-0526
Elasticity for SunEdison (314) 800-7218
Renee Brotherton, Flextronics
Vice President, Corporate Communications (408) 576-7189
Vice President, Investor Relations (408) 576-7985
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