Framatome ANP DE&S transfers interest in Duke Solar to Solar Roof International LLC


LYNCHBURG, Va., Dec. 11, 2002 — Solar Roof International LLC and Framatome ANP DE&S signed an agreement Wednesday for an acquisition and transfer of the Framatome interest in Duke Solar to Solar Roof.

The transfer by Framatome ANP DE&S of its interest in Duke Solar to Solar Roof concludes any interest or involvement Framatome ANP had in the past in Duke Solar.

Duke Solar is headquartered in Raleigh, NC and has regional offices in Sanford, NC; Las Vegas, Nevada; and engineering offices in Denver, Colorado and in Southern California.

Solar Roof, headquartered in Sanford, NC, was established in 1995 to acquire solar technologies applicable for a revolutionary new roof system for industrial/commercial, and institutional buildings. This patented technology, known as Non-Imaging Optics, was developed by world-renowned physicist, Dr. Roland Winston, at the University of Chicago.

Later, SRI purchased all of the worldwide rights to this technology for all other solar applications. This transaction also brought about a vested relationship between SRI and the University of Chicago as well as the appointment of Dr. Winston as the SRI/Duke Solar Chief Scientist.

Duke Solar, a joint venture established in 1997 by Solar Roof and Duke Engineering & Services, Inc. (now Framatome ANP DE&S), is in the business of maximizing SRI’s patented solar collection technology and other proven technology to convert the sun’s light into low, medium, and high temperature thermal heat.

The heat can then be used to create steam, hot water, space heating, absorption cooling, electricity, water purification, desalination, and process heat. SRI and Duke Solar have acquired key licensing agreements, filed patents, and registered trademarks on solar thermal collectors and systems that cover operating temperatures of 120 degrees F to 750 degrees F.

This covers the complete range of solar thermal applications from solar water heating to power generation. Duke Solar has three business units; Solar Roofs for industrial/commercial/institutional buildings, Solar Electric Generating Plants, and Residential/Light Commercial Solar Products.

Duke Solar is recognized by the United States Department of Energy as a leader in the Concentrating Solar Power industry and is currently in the third year of an ongoing contract with the National Renewable Energy Lab/DOE for the development of the U.S. Concentrating Solar Trough plants of the future. For further information, visit: http://www.dukesolar.com .

Framatome ANP (Advanced Nuclear Power), an AREVA and Siemens company, is a nuclear supplier. Framatome ANP’s focus includes comprehensive engineering, instrumentation and control, nuclear services, heavy component manufacture, modernization, fuel assemblies for many reactor designs, including those supplied by other vendors, and the development and construction of nuclear power plants and research reactors.

Framatome ANP is headquartered in Paris with principal subsidiaries in the U.S. and Germany. In the company, AREVA has a 66 percent shares and Siemens 34 percent. Framatome ANP has a total workforce of approximately 14,000 worldwide and posts annual revenues exceeding EUR 2.5 billion.

For further information, visit: http://www.framatome-anp.com

AREVA, a specialist in nuclear energy and connectors, unites COGEMA, FRAMATOME ANP and FCI. The Group has more than 50,000 employees and is present in 30 countries. Its sales total about EUR 9 billion in 2001.

For further information, visit: http://www.arevagroup.com

Source: Framatome ANP DE&S

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