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Dutton Associates Featured Company: SES Solar, Inc. (SESI.OB)

SES Solar, Inc researches, develops, sells, and installs solar energy products, including photovoltaic modules and solar roof tiles. SES Solar’s goal is to transform its business from a small custom manufacturer of solar modules and tiles into a large-scale producer of modules using a new proprietary assembly process. The company emphasizes its high-quality, durable designs and the fact that it can easily integrate its products into new or existing buildings. The company’s new proprietary assembly technology for solar panels provides higher-quality electrical contacts, better performance and reduced cost.

SES Solar is building a new, fully automated manufacturing facility centrally located in Europe near its base in Geneva, Switzerland. The company plans to consolidate production there, after finishing construction in the summer of 2008. After construction, SES Solar will use the plant to produce and test prototype products, license them in accordance with European (and other) standards, and then begin production and sale on a limited basis. The company plans to increase its customer base and its sales, and then ramp up production in 2009.

The plant will produce a diversified product line, but generally two types of products: solar tiles and modules.

Solar tiles: SES Solar has developed a new technology for the production of a next-generation solar tile which maximizes power output by using the latest generation photovoltaic cells and joining them using ultra-thin, invisible connectors. Since the tiles use this innovative connector design, they show reduced power loss, are easier to install, less expensive, and more efficient than current solar tiles.

Modules: The plant will also produce high power-rated modules, which are simply more densely packaged interconnected assemblies of photovoltaic cells. The module design provides reduced visibility and therefore greater architectural attractiveness.

In addition to manufacturing solar tiles and modules, SES Solar provides other engineering and architectural design services for its customers. SES Solar provides manufacturing engineering solutions for photovoltaic module production lines. SES Solar also designs and installs photovoltaic assembly facilities of one to ten megawatts, and provides architectural integration of photovoltaic modules.

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