Frost & Sullivan Award

REC Silicon was selected by Frost & Sullivan for the 2011 Global Frost & Sullivan Award for Customer Value Enhancement in the solar power market. During its independent analysis of the solar industry, Frost & Sullivan recognized REC Silicon for leveraging its proprietary Fluidized Bed Reactor (FBR) technology and automated solar production processes to make solar power solutions more accessible to customers across the globe.

Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in implementing strategies that proactively create value for its customers with a focus on improving the return on the investment that customers make in its services or products. This Award recognizes the company's inordinate focus on enhancing the value that its customers receive, beyond simply good customer service, leading to improved customer retention and, ultimately, customer base expansion.

“The FBR technology not only aids in energy savings of up to 80 to 90 percent in the course of the silicon refining process, it reduces both REC Silicon’s solar panels' manufacturing cost and its Energy Payback Time to one year,” noted Frost & Sullivan Research Analyst Georgina Benedetti. “Since no other market participant uses such technology, REC Silicon has developed a distinct competitive edge by delivering high value for money to its customers.”

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. To learn more about Frost & Sullivan, visit www.frost.com