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Key People

Management

Martin Roscheisen, CEO

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James McNicholas, CFO

Nanosolar Appoints Chief Financial Officer
Hitachi Top Executive Joins Nanosolar
PALO ALTO, California – March 26th, 2007 - Nanosolar Inc., a global leader in solar power innovation, today announced that James McNicholas was appointed Chief Financial Officer.
McNicholas joins Nanosolar from Hitachi Global Storage Technologies where he was the top finance executive of the $5 billion hard disk drive business. Prior to Hitachi, McNicholas held a distinguished succession of financial positions at IBM over a period of 22 years, including serving as the top finance executive of four IBM business units. For the IBM PC company’s manufacturing & development operations, McNicholas managed the worldwide financial operations of 12 manufacturing plants and two labs. As the controller of IBM’s Consumer Division, McNicholas redirected business from the retail channel to direct fulfillment. In 1999, McNicholas was called upon to become the top finance executive of IBM's Storage Systems Division where he established best-of-breed global operational management for 13 manufacturing facilities and four R&D facilities worldwide. McNicholas holds an M.S. degree in Management from Stanford University and a B.S.in Finance from Drexel University, and also served on the board of directors of Hitachi's storage companies in China and the Philippines.

“Jim’s world-class experience with best finance practices in global volume manufacturing will be instrumental in helping us build a strong business,” said Martin Roscheisen, CEO of Nanosolar, adding: “We are thrilled to have Jim on our team.”

In addition, the company announced that Doug Norby is working with Nanosolar as an executive and board advisor.

Doug Norby was retained as an executive and board advisor. Norby has been vice president and CFO of some of technology's most admired companies including LSI Logic, Mentor Graphics, and Syntex Corporation. Norby is a director of LSI Logic Corporation, Alexion Pharmaceuticals Inc., and Jazz Semiconductor Inc., among others. From 1985-1992, he served as President and Chief Operating Officer of Lucasfilm Ltd. Norby received his B.A. in Economics from Harvard University and M.B.A. from Harvard Business School.

“Doug has already helped us recruit the very best CFO; we are looking forward to continuing to receive his experienced guidance,” noted Roscheisen.

About Nanosolar

Nanosolar is a global leader in solar power innovation. Nanosolar's solar electricity panels deliver unparalleled cost efficiency, enabling customers to use green power without paying more. More information on Nanosolar is available on the Internet at www.nanosolar.com.

Werner Dumanski, EVP of Operations

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Brian Sager, VP of Corporate Development

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Erik Oldekop, General Manager

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Gery Steinberg, Director of Manufacturing Technology

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Hau Tung, Director of Intellectual Property

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James Sheats, Associate CTO

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Paul Adriani, Director of Product Engineering

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Board of Directors

Martin Roscheisen

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Brian Sager

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Bill Gurley

Bill Gurley joined Benchmark Capital in 1999 after spending two years as a partner with Hummer Winblad Venture Partners. Before entering the venture capital business, Bill Gurley spent four years on Wall Street as a top-ranked research analyst, including three years at CS First Boston focusing on the personal computer hardware and software business. His research coverage included such companies as Dell, Compaq, and Microsoft, and he was the lead analyst on the Amazon IPO. In both 1995 and 1996, Bill Gurley was a member of the Institutional Investor All-American Research Team. Prior to his investment career, Bill Gurley was a design engineer at Compaq Computer, where he worked on products such as the 486/50 and Compaq's initial multi-processor server. Before Compaq, he served in the technical marketing group of Advanced Micro Devices' embedded processor division.

Erik Straser

Erik joined Mohr Davidow Ventures in 1998 and specializes in investing in and building energy, materials and software companies. Prior to MDV, Erik worked at Interval Research Corp., a technology incubator funded by Paul Allen, and at Los Alamos National Laboratory as a technical staff member. He also consulted to several seed and early stage venture capital firms. While pursuing a PhD in mechanical engineering at Stanford, Erik led an interdisciplinary project between the electrical, mechanical, and civil engineering departments to develop a next-generation monitoring system for critical facilities. He holds a U.S. patent from his research work. From 1996 to 1998, he served as president of the Business Association of Stanford Engineering Students (BASES), Stanford’s largest student group focused on entrepreneurship and technology management.

Siva Sivaram

Dr. Sivaram most recently was the Chief Operating Officer of Matrix Semiconductor, bringing to Matrix unrivaled experience in running a high-volume semiconductor manufacturing business. After receiving his Ph.D. from Rensselaer Polytechnic Institute, Dr. Sivaram began a 14-year career at Intel, where he ended up serving as General Manager of the billion-dollar IC Procurement and Enabling Division, responsible for portions of Intel's chipset design, all external integrated circuit procurement, and production of Intel chips which were not manufactured in Intel fabs. In that position, Dr. Sivaram was known worldwide as the world's largest consumer of semiconductor foundry wafers. Dr. Sivaram authored the book Chemical Vapor Deposition: Thermal and Plasma Deposition of Electronic Materials (Van Nostrand Reinhold, 1995) that is used at many U.S. universities at the graduate level. He has published over fifty technical papers and also held positions as Research Scholar at Matsushita Electric in Japan, Technologist at SEMATECH, and Adjunct Faculty at San Jose State University.

R. Norby

Chief Financial Officer and Senior Vice President of Tessera

R. Douglas Norby joined Tessera as chief financial officer and senior vice president in July 2003. An industry veteran with more than 35 years in the technology sector, Norby has held numerous executive management positions with such prominent companies as LSI Logic, Mentor Graphics and Syntex Corporation. Most recently, he was chief financial officer of Zambeel, Inc., a provider of enterprise-class network storage solutions. Norby has served on the boards of entertainment company Lucasfilm Ltd., where he was also president and chief operating officer, and Recordati, S.p.A., an Italian pharmaceutical company. He currently serves on three public company boards: LSI Logic, Alexion Pharmaceuticals, and STATS ChipPAC. Norby holds a bachelor's degree in economics from Harvard University and an M.B.A. from Harvard Business School.

Jean Frechet

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Jeffrey Brinker

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Nathan Lewis

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