Lowell, Mass. USA -- September 7, 2004 -- Jobwerx News -- Konarka announced it has acquired the organic photovoltaic efforts of one of its biggest competitors, Siemens. The acquisition brings together two world-leading efforts to develop and commercialize a new generation of inexpensive, easy-to-manufacture and versatile photovoltaics. This transaction augments Konarka's ability to deliver the first practical forms of solar power that achieve the price and efficiency performance required to be the global market leader in distributed energy. Its new plastic power cells will make it possible for any electronic device or structure to carry its own on-board source of renewable energy.

“Siemens is one of the world’s largest innovators in electronics and power generation, and this transaction augments Konarka’s ability to deliver the first practical forms of solar power that achieve the price and efficiency performance required to be the global market leader in distributed energy,” said Howard Berke, chairman and CEO, Konarka. “The integration of our organic photovoltaic program with Siemens’ complementary resources will result in powerful commercial advantages to our customers, changing how the world thinks about harvesting energy from the sun.”

Konarka builds products that convert light to energy – anywhere. Konarka is the leading developer of polymer photovoltaic products that provide a source of renewable power in a variety of form factors for commercial, industrial, government and consumer applications. Konarka’s photovoltaic nanotechnology is focused on delivering lightweight, flexible, scalable and manufacturable products.

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