Message to Investors
We are the leading global manufacturer of the UNI-SOLAR® thin-film flexible solar laminates with the proven capability to generate more energy per rated watt in real-world conditions. With our unique, differentiated lightweight product, which is ideally suited for low-load roofs and integrates easily into most commercial and residential roofing materials, we are taking rooftop generation of clean, renewable energy to an aesthetic level.
We are the leaders in rooftop building-integrated photovoltaics (BIPV) for commercial roofing applications, and have developed a new product “EnerGen” for the residential roofing market. With the acquisition of Solar Integrated Technologies, Inc., we have vertically integrated our roofing business to grow beyond just selling laminates and towards providing engineering, procurement and construction or "EPC" solutions. With the combination of SIT's engineering and installation expertise and our new UNI-SOLAR® product offerings, such as our PowerTilt™ product, we are leveraging the unique features of UNI-SOLAR® laminates into a lightweight building-applied photovoltaics (BAPV) solution.
Our Ovonic Materials (OMD) segment includes our royalty-bearing consumer battery business, our manufacture of nickel hydroxide materials used in nickel metal hydride batteries and R&D on our proprietary biofuel reformation technology, which offers the potential for low-cost production of hydrogen from renewable energy sources, such as ethanol. Through ongoing research and development, OMD has achieved the technical innovations which have helped maintain its world-leading NiMH intellectual property portfolio.
Our Ovonyx joint venture, of which we own 39.3%, is commercializing our proprietary phase-change optical memory (OUM or PRAM) technology through licensing and product development arrangements. OUM is a basic, new type of nonvolatile memory that can replace conventional nonvolatile or FLASH memory in applications requiring retention of stored data when power is turned off, including cell phones, PDAs, digital cameras and microelectronics.
OUM is a trademark of Ovonyx, Inc.
Forward Looking Statement
This release may contain forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future net sales or performance, capital expenditures, financing needs, plans or intentions relating to expansions, business trends and other information that is not historical information. All forward-looking statements are based upon information available to us on the date of this release and are subject to risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Risks that could cause such results to differ include: our ability to successfully integrate the acquisition of Solar Integrated Technologies; our ability to maintain our customer relationships; the worldwide demand for electricity and the market for solar energy; the supply and price of components and raw materials for our products; and our customers’ ability to access the capital needed to finance the purchase of our products.
The risk factors identified in the ECD filings with the Securities and Exchange Commission, including the company’s most recent Annual Report on Form 10-K and most recent Quarterly Report on Form 10-Q, could impact any forward-looking statements contained in this release.