August 20, 2004—Evergreen Solar, a developer of proprietary, low cost solar power products, announced that the company was named to the prestigious New England Technology Fast 50 list. The annual ranking, conducted by Deloitte & Touche LLP and Wilmer Cutler Pickering Hale and Dorr LLP, designates the fastest-growing companies located in Massachusetts, New Hampshire, Vermont, Maine and Rhode Island by revenue growth.
Winners are selected based on the percentage of growth in fiscal year revenues from 1999 to 2003. To be considered, Fast 50 entrants must have met the following criteria: Have operating revenue of at least $50,000 in 1999 and at least $1,000,000 in 2003; Be a public or private company, headquartered in New England, excluding Connecticut. Subsidiaries and divisions are not eligible, unless they have some public ownership and are separately traded; Be a “technology company” defined as owning proprietary technology that contributes to a significant portion of the company’s operating revenues (using other companies’ technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology.
“Each company has a remarkable story of sustained revenue growth in challenging and competitive industries,” said William F. Lee, co-managing partner at Wilmer Cutler Pickering Hale and Dorr and co-chair of the 2004 New England Technology Fast 50. “The Fast 50 winners have been chosen because they have proven that they have the most impressive record for growth and lead the way for New England technology companies.”
Evergreen Solar is a developer and manufacturer of photovoltaic (PV) modules—the engines of solar electric systems—used in remote power and emerging grid-connected markets.
The PV modules produced by Evergreen Solar are distinctive in their appearance because they incorporate proprietary crystalline silicon technology known as String Ribbon. This technology, explained further on, enables an innovative approach to manufacturing dependable and cost-effective PV modules.
For more information, contact Evergreen Solar.
