First Solar, Inc. : First Solar Appoints Raffi Garabedian Chief Technology Officer; Dave Eaglesham Retires
05/03/2012| 05:05pm US/Eastern
First Solar, Inc. (NASDAQ: FSLR) today announced the retirement of Dave
Eaglesham, Chief Technology Officer, and the appointment of Raffi
Garabedian as his successor. Garabedian joined First Solar in 2008 as
Director of Disruptive Technologies, and was promoted to Vice President
of Advanced Technologies in 2010, overseeing the Company's advanced
research and development (R&D) operations in Santa Clara, Calif.
Eaglesham joined First Solar in 2006, and during his six years as First
Solar's top technologist the Company's R&D group has achieved multiple
world records for cadmium-telluride (CdTe) cell and module efficiency.
"We thank Dave for his tremendous contribution to our success and his
unwavering commitment to our mission, and we wish him the very best,"
said Mike Ahearn, First Solar's Chairman. "Raffi is an experienced
technology leader with a proven track record in our R&D organization,
and we are confident in his ability to execute and extend our technology
roadmap going forward."
"I am very proud of what we have achieved, not only in the lab, but on
production lines and in solar power plants around the world," said
Eaglesham. "Raffi has been an integral part of our success, and I am
very confident in his ability to lead our R&D program and to carry on
our tradition of innovation."
Garabedian earned a BSEE degree from Rensselaer Polytechnic University
and an MSEE degree from the University of California at Davis. Prior to
joining First Solar, he was founder and CEO of Touchdown Technologies, a
semiconductor test equipment company. Prior to that, Garabedian worked
in the semiconductor and microelectromechanical systems (MEMS)
industries for over 15 years, developing new products ranging from
automotive sensors to telecommunications switching systems, and holds
more than 20 issued patents in these fields.
First Solar utilizes a continuous manufacturing process which transforms
a sheet of glass into a complete solar module in less than 2.5 hours,
which contributes to the company's industry-leading energy payback time
and the low carbon footprint of systems using First Solar PV modules.
First Solar also implemented the industry's first comprehensive,
prefunded solar module collection and recycling program. Anyone wishing
to dispose of First Solar modules can request collection at any time, at
no additional cost, and First Solar will pick up the modules and recycle
up to 90% (by mass) of the material for use in new products, including
new solar modules and new glass products.
About First Solar, Inc.
First Solar is a leading global provider of comprehensive photovoltaic
(PV) solar systems which use its advanced thin-film modules. The
company's integrated power plant solutions deliver an economically
attractive alternative to fossil-fuel electricity generation today. From
raw material sourcing through end-of-life module collection and
recycling, First Solar's renewable energy systems protect and enhance
the environment. For more information about First Solar, please visit www.firstsolar.com.
For First Solar Investors
This release contains forward-looking statements which are made pursuant
to the safe harbor provisions of Section 21E of the Securities Exchange
Act of 1934. The forward-looking statements in this release do not
constitute guarantees of future performance. Those statements involve a
number of factors that could cause actual results to differ materially,
including risks associated with the company's business involving the
company's products, their development and distribution, economic and
competitive factors and the company's key strategic relationships and
other risks detailed in the company's filings with the Securities and
Exchange Commission. First Solar assumes no obligation to update any
forward-looking information contained in this press release or with
respect to the announcements described herein.
First Solar, Inc.
+1 (602) 427-3318
+1 (602) 414-9315
+1 (602) 414-9315
+1 (602) 414-9315
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