News & Press Releases

PV Powered Announces New Chairman and CEO
Bend, Oregon - October 6, 2005

PV Powered announced today the hiring of Bob Chamberlain as chairman and chief executive officer (CEO). PV Powered's president, Bill Taylor, said, "We are thrilled to have Bob join us as CEO. He brings over 35 years experience in senior high tech leadership roles, essential to spearheading our next level of growth and success". Mr. Chamberlain has been on the board of directors of PV Powered since its inception and most recently served as Senior VP of Customer Operations for Electro Scientific Industries (NASDAQ:"ESIO"), a $200+ million electronics equipment manufacturer.

Mr. Chamberlain has an extensive background with high tech companies, which include officer positions with Watkins-Johnson, Novellus Systems, and Megatest Corporation. He is also the former CEO of Micromonitors, Inc. and has held sales & marketing management positions with Applied Materials, Intel, AMD, and Fairchild Semiconductor. Mr. Chamberlain holds a BS in Basic Engineering from Princeton University and an MBA from Stanford University.

"I am delighted to be joining PV Powered, particularly at this juncture of their growth. I hope to help PV Powered capitalize on a tremendous opportunity in the worldwide solar market. I feel very fortunate to join a company with superior designs, a tremendous suite of products, a constantly growing customer base, and most of all a great team of dedicated and talented employees. I hope to take PV Powered to the next level by leveraging my international experience in helping companies grow."

Bill Taylor, the company's founder, will remain as president and board member and will continue to oversee the company's engineering, R&D efforts and continued ramp-up of production.

About PV Powered

Founded in 2003 and based in Bend, Oregon, the privately funded company designs, manufactures and markets the solar industry's most efficient photovoltaic solar inverter solutions. With thousands of its products in use nationwide, PV Powered brings together one of the most experienced design teams in solar power electronics.

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