New Delhi – 11th May 2008: Moser Baer India Limited, a global technology company, today announced that its subsidiary, PV Technologies India Limited (PVTIL) successfully completed deposition trials for Gen 8.5 a-Si (Amorphous Silicon) thin film modules, at its new 40 MW facility in Greater NOIDA on 10th May 2008.

“This is truly a major landmark for us as it marks the completion of the first project for manufacture of a-Si thin film modules with Gen 8.5 technology. Achieving successful and stable thin film deposition capability for such large size panels in a record time further manifests our technology and project execution capabilities. We commenced equipment trials on schedule in March 2008 and are now on track for commencing commercial production on target", said Ravi Khanna, CEO, Moser Baer PV.

Yogesh Mathur, Group CFO, Moser Baer India Limited said, “We see an increasingly significant role for Thin Film technologies in meeting peaking power requirements and now aim to be a significant player in this segment. The 40 MW Thin Film facility has met key project objectives and we continue with our significant capacity ramp up plans.”

Photo Voltaic Technologies India Limited has recently signed a Memorandum of Understanding (MoU) with a leading global equipment supplier to secure supply of critical equipment for an additional 565 MW phased expansion of its Thin Film photovoltaic modules manufacturing capacity, which together with the current project capacity of 40 MW will take the total manufacturing capacity to over 600 MW by 2010.

Photovoltaic modules based on large area Thin Film technology provide a potential roadmap to significantly lower the cost of solar energy to consumers. The demand for Thin Film based solar modules is expected to grow at a robust pace with increasing applications. Thin film solar modules are ideal for solar farms, rural applications and building integrated Photovoltaic.

About Moser Baer India Limited
Moser Baer, headquartered in New Delhi, is a leading global technology company. Established in 1983, the company successfully developed cutting edge technologies to become the world’s second largest manufacturer of Optical Storage media like CDs and DVDs. The company also emerged as the first to market the next-generation of storage formats like Blu-ray Discs and HD DVD. Recently, the company has transformed itself from a single business into a multi-technology organisation, diversifying into exciting areas of Solar Energy, Entertainment and IT Peripherals & Consumer Electronics.

Through its wholly owned subsidiaries, the company manufactures photovoltaic cells and modules by straddling multiple technologies including crystalline silicon, concentrator, nano technologies and thin films. oser Baer Entertainment offers home video titles in various Indian languages at unmatched prices and is also engaged in media content creation. The company has also initiated marketing of a series of IT Peripherals and Consumer Electronics gadgets.

Moser Baer has over 6,000 full-time employees and multiple manufacturing facilities in the suburbs of New Delhi.

For further information, please contact:

Priti Setia
Corporate Communications
Moser Baer India Ltd.
(M) 09811898075
E-mail: priti.setia@moserbaer.in
Puneet Taneja
Corporate Voice Weber Shandwick
(M) 09810023281
Email: puneet@corvoshandwick.co.in