"Changing our name to SunEdison is a major milestone as this represents another step toward creating an elite, global brand that builds on a more than 50 year tradition of innovation and growth that began under the MEMC name," said Ahmad Chatila, President and CEO. "We strongly believe the SunEdison name provides us with broader marketplace appeal and scalability that will help us grow the company and build long-term brand equity as we look toward the next chapter."
"Our broad product and service offerings, across two industries, gives us a solid platform for future growth and stability," Chatila concluded. "Our heritage of innovation, combined with our diversified and synergistic business model, has created a powerful market position. Today, both business units are growing and providing customers with some of the best semiconductor and solar products and solutions available. We are committed to growing both the semiconductor and solar power businesses, and look forward to building on our strong legacies, now under the SunEdison name."
SunEdison will continue to maintain its corporate headquarters in St. Peters, Missouri.
SunEdison, formerly MEMC Electronic Materials, is a global leader in semiconductor and solar technology. SunEdison's semiconductor business has been a pioneer in the design and development of silicon wafer technologies for over 50 years. With R&D and manufacturing facilities in the U.S., Europe, and Asia, SunEdison enables the next generation of high performance semiconductor devices. SunEdison's solar business develops, finances, installs and operates distributed power plants, delivering fully managed, predictably priced solar energy services for its commercial, government and utility customers. SunEdison's common stock is listed on the New York Stock Exchange under the symbol "WFR" (changing to "SUNE" as of June 3, 2013). For more information about SunEdison, please visit www.sunedison.com.
SOURCE SunEdison, Inc.
MEMC Electronic Materials, Inc.
Media, Bill Michalek, Director, Corporate Communications, (636) 474-5443
Investors/Analysts, Chris Chaney, Director, Investor Relations, (636) 474-5226