Moser Baer names new CEO of its solar photovoltaic subsidiary

New Delhi, December 23, 2008: Moser Baer has named Rajiv Arya as the

new Chief Executive Officer of its solar photovoltaic business.

Arya has been with Moser Baer Photovolatic (MBPV), a wholly owned subsidiary

of Moser Baer, since September 2007. He was until recently MBPV’s Chief

Operating Officer.

Arya is known and recognized in the industry as a senior technology leader with

experience of over 25 years in the solar energy space. He has vast experience in

building and integrating professionals into result-oriented multi-disciplinary

teams and has been instrumental in scale-up and validation of three thin film

technologies from research into pilot production.

“I am delighted to welcome Rajiv Arya as the new leader of our photovoltaic

business,” said Ratul Puri, Executive Director of Moser Baer. “We are fortunate to

have someone of his calibre to take the company to the next level of success. We

are leveraging our core R&D and high-tech manufacturing competencies to

emerge as a significant player in the global solar photovoltaic industry and Rajiv

is the ideal person for the job. I wish him every success in his new role.”

Rajiv Arya said he was delighted to have been chosen to lead Moser Baer’s PV

business. “To lead this business is both a privilege and a great opportunity and I

thank the management for reposing their faith in me. My focus will be on making

Moser Baer one of the top five PV companies globally. With high quality

manufacturing, cutting edge R&D and exploring and establishing new markets

for PV, Moser Baer’s business is poised for exponential growth.”

Arya has earlier been the Chief Technology Officer of the California-based

OptiSolar Inc. and Director of the Oregon Renewable Energy Centre in Portland,

Oregon. He also served a long stint with the Virginia-based BP Solar. Rajiv has an

M. Tech (Material Sciences) degree from IIT, Kanpur and a Ph.D in electrical

engineering from Brown University in Rhode Island.

About Moser Baer India

Moser Baer, headquartered in New Delhi (India), is a leading global technology

company. Established in 1983, the company successfully developed cutting edge

technologies to become the world’s second largest manufacturer of Optical

Storage media formats like CDs, DVDs and blu-ray. In fact, it was among the first

to market with shipments of next-generation of storage formats like blu-ray discs

and HD DVD. It has the world’s largest single location optical media factory near

New Delhi, with strong in-house R&D. Its products are sold in over 80 countries,

with EU, US and Japan taking majority share.

Moser Baer has over 11,500 employees and supporting infrastructure offices in

US, Europe, Japan and other parts of the world. In recent years, the company has

also transformed itself from a single business into a multi-technology

organisation, diversifying into exciting areas of solar energy, home entertainment

and IT peripherals and consumer electronics.

http://www.moserbaer.com

http://www.moserbaerpv.in

For further information contact

Monica Srivastava

msrivastava {at} corvoshandwick.co(.)in

+91-11-40501240 | +91-9899045863

Monica Srivastava
Corporate Voice | Weber Shandwick
212, Second Floor, Okhla Industrial Estate,
Phase – III, New Delhi -110020, INDIA
T: +91-11-40501240 | M: +91-9899045863| F: +91-11-26936836
E: msrivastava {at} corvoshandwick.co(.)in
www.webershandwick.com