Solaria Recognized as One of the 100 Most Promising Companies Driving the Future of Technology

Red Herring today announced that Solaria Corporation is a recipient of Red Herring 100 Spring, an award given to the top 100 private technology companies based in North America.

Red Herring Reveals Winners of the Red Herring 100


Solaria Recognized as One of the 100 Most Promising Companies Driving the Future of Technology

San Francisco, CA, May 2, 2007 - Red Herring today announced that Solaria Corporation is a recipient of Red Herring 100 Spring, an award given to the top 100 private technology companies based in North America. Solaria has developed a breakthrough technology that works with the existing photovoltaic supply chain to drive down solar energy costs and make solar a mainstream reality.

"Having received more than 800 submissions, it is clear that we are witnessing a new outburst of creativity." says Joel Dreyfuss, Editor-in-Chief of Red Herring. "With venture capital flowing again, it's exciting to see technology innovators and business investors collaborate to create disruptive technologies. The Red Herring 100 North America companies are impressive up-and-comers, and definitely the ones to watch."

"We are delighted to be honored by Red Herring," said Solaria CEO Suvi Sharma. "Through a very unique approach combining efficient concentration design with the latest advances in semiconductor technology, Solaria has developed a solar panel that requires two to three times less solar cell material than current solar panels. This means we can reduce PV costs to the point of making solar energy competitive with fossil fuels."

Red Herring's annual lists of top private companies are an important part of the company's tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google, eBay and Skype were spotted in their early days by Red Herring editors, and touted as leaders that would change the way we live and work.

Red Herring's editorial staff rigorously evaluated more than 800 private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development.

To honor the CEOs of Red Herring 100 Spring companies, Red Herring has invited each one to present his or her company at its Red Herring Spring 2007 event, May1-3, at the Hyatt Regency in Monterey. As the venue for the unveiling of the Top 100 private companies in North America, Red Herring Spring draws unparalleled attention from decision makers and industry observers across the continent. This year marks the 10th anniversary of the Red Herring 100 Awards. To celebrate this occasion, Red Herring 100 winners will share their successes and insights on how to make it to the top.

About Red Herring
Red Herring is a global media company which unites the world's best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters, and major events for technology leaders around the globe. Red Herring provides an insider's access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet at www.redherring.com.

About Solaria
Based in California, Solaria's mission is to make solar energy a mainstream reality. Solaria's solution starts with practical thinking, applying expertise in the optics and semiconductor industries to further a technology platform that enables solar companies to rapidly reduce costs of solar energy. The company's technology integrates seamlessly with the supply chain, is low risk, and scalable to the industry's evolving needs. For more information, visit www.solaria.com

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