First Solar (FSLR) Plans to Expand Facility in Perrysburg, Ohio; Will Create 134 New Jobs

August 18, 2008 4:30 PM EDT

First Solar, Inc. (Nasdaq: FSLR) announced today that it plans to expand its manufacturing operations and development facilities at its Perrysburg, Ohio facility. The investment will add approximately 500,000 square feet of manufacturing, research and development, and office space, and will add at least 134 new jobs to the Company's current workforce of 700 at its Perrysburg facility.

These incentives are central to First Solar's expansion plans in Ohio and are subject to approval by state and local authorities.

The expansion is expected to be completed in the second quarter of 2010 and will increase the annual capacity at the Perrysburg facility to approximately 192 MW. In addition, the Company will construct a separate facility to support increased development activities associated with its advanced thin film solar module manufacturing technology.

First Solar, Inc. designs, manufactures, and sells solar electric power modules using a proprietary thin film semiconductor technology.

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