New Delhi – 7 Jun 2007: Moser Baer Photo Voltaic Limited (MBPV) today announced that it commenced commercial shipment of its solar photovoltaic cells. MBPV further announced that it has firm customer orders and MoUs exceeding US$100 million. Additionally, the state of the art fully integrated in-line cell manufacturing facility has started producing photovoltaic cells at expected level of output with cell efficiency levels up to 15.5%.
 

According to Ravi Khanna, CEO Moser Baer Photo Voltaic Limited "The In-line high yield systems are critical for rapid deployment of solar power in large scale and volumes. The response for our product has been encouraging and we have queries/orders from customers based out of America, Europe and South Asia.”
 

MBPV further announced that it is on track to implement a 20MW module making capacity in the forthcoming quarter.
 

MBPV plans to straddle multiple future technologies and emerge as an engineering & technology driven company. It is decisively responding to the rapidly expanding solar PV market. MBPV is moving towards technological leadership in this industry and intends to develop a sustainable competitive edge by investing into disruptive technologies.
 

The global photovoltaic market is on a high growth curve – sales expected to grow over 6x to USD 40 billion by 2010.
 

About Moser Baer Photo Voltaic Limited
Moser Baer Photo Voltaic incorporated in New Delhi, a subsidiary of Moser Baer India Ltd, is in the business of photovoltaic (PV) cells and modules. MBPV plans to manufacture solar cells and modules by straddling multiple technologies including crystalline silicon, concentration, nano technology and thin films. The manufacturing facilities are housed in a renewable energy SEZ at Greater Noida.
 

The parent company Moser Baer India Limited is the leading manufacturer of optical storage media in the world having three state of the art facilities at Noida and Greater Noida.
 

Disclaimer
Certain statements in this release concerning future growth prospects involve risks and uncertainties, especially those relating to future industry outlook and our ability to manage growth and intense competition within the Industry. Actual market conditions and our performance may differ from our guidance. This estimate is based on current market trends. Among other factors, a sharp and sustained strengthening of the Indian Rupee and a significant weakening in global demand could adversely impact the company’s earnings. This announcement is not for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia). This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States