| Business Summary | | Evergreen
Solar,
Inc.
develops,
manufactures
and
markets
solar
power
products
that
are
capable
of
providing
reliable
and
environmentally
clean
electric
power
throughout
the
world.
In
the
Company's
String
Ribbon
technique,
strings
are
pulled
vertically
through
a
shallow
pool
of
molten
silicon,
and
the
silicon
solidifies
between
the
strings
to
form
a
continuous
ribbon
of
crystalline
silicon.
Once
the
ribbon
has
reached
the
desired
length,
it
is
cut
and
prepared
for
cell
fabrication.
If
its
development
programs
are
successful,
the
Company
expects
to
continue
to
increase
the
conversion
efficiency
and
wattage
of
its
solar
panels
as
it
expands
manufacturing
capacity
and
shifts
from
5.6-centimeter-wide
String
Ribbon
wafers
to
eight-centimeter-wide
String
Ribbon
wafers
in
2001.
The
Company
is
also
developing
frameless
solar
panels,
solar
roofing
tiles
and
other
building-integrated
solar
power
products
for
the
building
industry. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Evergreen
Solar,
Inc.
develops,
manufactures
and
markets
solar
power
cells,
panels
and
systems
that
provide
enviornmentally
clean
electric
power
throughout
the
world.
For
the
six
months
ended
6/30/01,
revenues
fell
6%
to
$1
million.
Net
loss
applicable
to
Common
rose
67%
to
$5.2
million.
Revenues
reflect
the
completion
of
two
multi-year
research
contracts.
Net
loss
reflects
costs
related
to
the
expansion
of
pilot
manufacturing
operations
and
a
new
manufacturing
facility. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Robert Shaw, Jr., Ph.D., 59 Chairman | -- | -- | Mark Farber, 48 Pres,
CEO, Director | $210K | -- | Richard Chleboski, 35 CFO,
Treasurer, Sec., Director | 153K | -- | Rex D'Agostino, 58 VP
of Sales and Marketing | -- | -- | John McCaffrey, Jr., 49 VP,
Manufacturing and Engineering | 170K | $102K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|