Thursday, July 16, 2009

Solar Thin Films Announces First Delivery of New Product - Building Integrated Photovoltaic Line

DIX HILLS, NY--(Marketwire - July 16, 2009) - Solar Thin Films, Inc. (OTCBB: SLTN) today announced that its subsidiary Kraft Elektronikai Zrt. of Budapest, Hungary delivered and commenced installation of a building integrated photovoltaic (BIPV) line for Grupo Unisolar, S.A. of Spain. BIPV products provide substantial versatility in terms of its application as it allows for the integration of solar installations into building structures of all types. This represents the first such line delivered on a turnkey basis by Kraft and marks the entrance by Solar Thin Film's subsidiary into a new product market.

Together with earlier shipments in 2009 and December of 2008, Kraft has now delivered equipment valued at 80% of the estimated total project value of 7.799 million Euros (or $10.9 million dollars at current exchange rates). Kraft anticipates that the growing demand for solar installations in Spain will provide for additional contract opportunities over the coming months.

"We are happy to announce that we have delivered our first turnkey building integrated photovoltaic manufacturing system -- a first step in entering this new and important global market," noted Dr. Lou Stamenic, Vice President, Business Development at Kraft. He added: "This is an important development step forward for Kraft since amorphous silicon thin-film material is so well suited for the BIPV marketplace. In addition to our current BIPV offering, which is capable of producing large size semi-transparent a-Si modules, we will soon offer equipment capable of producing both fully transparent and custom color a-Si modules."

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