SLTN - Solar Thin Films, Inc. Receives $12,300,000 Order From Grupo Unisolar, S.A.

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Solar Thin Films, Inc. Receives $12,300,000 Order From Grupo Unisolar, S.A.
Thursday April 17, 1:03 pm ET

DIX HILLS, NY--(MARKET WIRE)--Apr 17, 2008 -- Solar Thin Films, Inc. (OTC BB:SLTN.OB) today announced that it has received an order from Grupo Unisolar, S.A. ("Grupo Unisolar") to build a 5MW turn-key a-SI Module thin film photovoltaic manufacturing plant. The facility, which will be based in Spain, will be sold to Grupo Unisolar for an aggregate purchase price of $12,300,000. In connection with the sale of the plant, the Company also agreed to provide certain installation and testing services to Grupo Unisolar. Solar Thin Films CEO, Peter Lewis, stated, "We are delighted to be associated with Grupo Unisolar. Our thin film technology presents a solution that is both cost effective and environmentally friendly."

About Solar Thin Films, Inc.

Solar Thin Films develops, manufactures and markets a complete line of manufacturing equipment for the production of "thin-film" amorphous silicon and CIGS photovoltaic ("PV") modules, together with a wholly owned subsidiary based in Budapest, Hungary. Personnel associated with the company have been responsible for the setup of 14 thin-film photovoltaic factories worldwide. The Company sells equipment and turnkey systems to customers including EPV Solar (Hamilton, NJ, USA) and CG Solar (Weihai, China). Management believes that its line of cost-effective thin-film photovoltaic manufacturing equipment positions the Company to take advantage of the rapidly growing demand for solar modules and an expected market shift towards "thin film" PV modules as part of a cost effective, "clean technology" energy solution.