MIASOLà‰ Appoints Former Executives From First Solar And Intel

MiaSolé,
has announced the appointment of two seasoned executives to lead the company
into its next phase of growth. John Carrington assumes the role of Chief
Executive Officer, effective immediately, and Bob Baker continues as President
of the company. 

Carrington
previously served as executive vice president of global marketing and business
development at First Solar, where he directed the company's global sales,
marketing, and product management initiatives, and  supported its targeted expansions in Europe,
Middle East, Asia and the U.S. Prior to this, he spent 16 years at  General Electric in a variety of global
leadership roles, including four years in Japan running the Asian marketing and
business development team.

Baker
is a 32-year Intel veteran who brings deep experience across technology
development, manufacturing, business and management. While at Intel, Baker
managed the Technology and Manufacturing Group and also grew its NAND and SSD
business to a profitable $1B+.

"MiaSolé
is entering into an important time in its evolution," said Martin Lagod,
Managing Director and cofounder of Firelake Capital Management, on behalf of
the MiaSolé board of directors. "Both John and Bob bring  a wealth of experience and the right
combination of skills. Their joining speaks volumes to the potential
opportunities that we see in the solar market."

This
latest addition to the company's management leadership is part of Miasolé's
strategy to scale its capacity and continue building a sustainable and scalable
business through innovation and manufacturing improvements. MiaSolé recently
announced a new volume production milestone at 13% module efficiency, and are
on track to meet their ambitious cost per watt goals. The company also recently
announced the production of its 50 millionth cell. This underscores the
viability of Miasolé's distinctive manufacturing process which has enabled the

production
of low cost, high efficiency, flexible solar cells at volume scale.

Dr.
Joseph Laia will step down as CEO to pursue other interests. Under Laia's
leadership, MiaSole doubled its module efficiency, and today MiaSolé CIGS
panels are superior to leading thin film and approaching c-Si performance. "We
thank Joe for his contributions to MiaSolé and look forward to continuing our path
to global leadership," said Lagod.