Solar Thin Films Announces Completion of Initial Shipments to Grupo Unisolar, S.A.

DIX HILLS, NY--(Marketwire - April 22, 2009) - Solar Thin Films, Inc. (OTCBB: SLTN) today announced that its subsidiary KRAFT Elektronikai Zrt. of Budapest, Hungary completed on April 21st the second of three planned shipments of equipment for a 6MW amorphous silicon photovoltaic module manufacturing facility located in Bejar, Spain for its customer Grupo Unisolar, S.A. Together with earlier shipments in March of 2009 and December of 2008 Kraft has now delivered a significant portion of its first turnkey facility full equipment valued at 1.56 million euros ($2.06 million at current exchange rates) towards completion of a project with an estimated total value of 7.799 million euros ($10.29 million at current exchange rates).

"We are delighted that this project is on track to date and we look forward to completing our equipment shipments and commencing installation in the coming months," noted Peter Lewis, Group Vice President, Equipment and Thin Films Division. "This project is particularly important to KRAFT and to Solar Thin Films as it represents another step in our effort to transition KRAFT from an equipment supplier to a 'turnkey' systems supplier and because the equipment shipped includes improvements to the system as a result of the recently signed Cooperation Agreement between KRAFT and our new merger partner BudaSolar."

Management expects that starting in 2009 a significant portion of the revenue generated from its KRAFT operation will be for such "higher margin turnkey systems" or Factory Sales rather than for individual pieces of equipment or Equipment Sales and as such began separating Factory Sale revenue from Equipment Sale revenue in its most recently issued 10K.