STR Holdings Receives the Supplier Achievement Award from First Solar

STR Holdings, Inc. (NYSE:STRI - News) today announced the honor of being one of only three recipients of the First Solar (NASDAQ: FSLR) NOVA award, with which First Solar recognizes the premier suppliers that significantly support its mission. The award was bestowed at First Solar's first annual Supplier Recognition Day, which was attended by approximately 60 companies that are considered critical suppliers to the company.

First Solar stated that collaboration with STR significantly contributed to the company's cost-per-watt roadmap, quality performance and supply risk reduction efforts.

"Our suppliers play an essential role in achieving our mission to create enduring value by enabling a world powered by clean, affordable solar electricity," said Doug Duval, Vice President of Global Supply Chain for First Solar. "STR encapsulants have a track record of highest in-field performance. Being STR Protected? means we can rely on the value they provide through the highest standards of quality and performance."

Robert Yorgensen, President and Chief Executive Officer of STR added, "Our relationship with First Solar is a case study in the value that can be created with tight customer-vendor collaboration. We appreciate their recognition of our contribution to their success, and look forward to working closely together in the years ahead."

About STR Holdings, Inc.

STR Holdings, Inc. is a leading global provider of high quality, superior performance solar encapsulants to the photovoltaic module industry. Further information about STR Holdings, Inc. can be obtained via the Company's website at www.strholdings.com.

About First Solar, Inc.

First Solar manufactures solar modules with an advanced semiconductor technology, and is a premier provider of comprehensive photovoltaic (PV) system solutions. The company is delivering an economically viable alternative to fossil-fuel generation today. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating value-driven renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com.

Forward-Looking Statements

This press release and any oral statement made in respect of the information in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to inherent risks and uncertainties. These forward-looking statements present the Company's current expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance and business and are based on assumptions that the Company has made in light of its industry experience and perceptions of historical trends, current conditions, expected future developments and other factors management believes are appropriate under the circumstances. However, these forward-looking statements are not guarantees of future performance or financial or operating results. In addition to the risks and uncertainties discussed in this release, the Company faces risks and uncertainties that include, but are not limited to, the following: (i) demand for solar energy in general and solar modules in particular; (ii) the timing and effects of the implementation of recently announced government incentives and policies for renewable energy, primarily in China and the United States; (iii) the effects of the announced reductions to solar incentives in Germany and Italy; (iv) customer concentration in the Company's Solar business and its relationships with key customers; (v) rising commodity costs, such as resin or paper used in its encapsulants, and its ability to successfully manage any increases in these commodity costs; (vi) the Company's dependence on a limited number of third-party suppliers for raw materials for its encapsulants and materials used in its processes; (vii) the Company's ability to protect its intellectual property; (viii) pricing pressures and other competitive factors; (ix) operating new manufacturing facilities and increasing production capacity at existing facilities; (x) the Company's reliance on vendors and potential supply chain disruptions, including those resulting from bankruptcy filings by customers or vendors; (xi) potential product performance matters, product liability or professional liability claims and its ability to manage them; (xii) loss of professional accreditations and memberships; (xiii) the extent and duration of the current downturn in the global economy, including the timing of expected economic recovery in the United States and abroad and the continuing effects of the ongoing recession on sales; (xiv) the impact negative credit markets may have on the Company or its customers or suppliers; (xv) the impact of changes in foreign currency exchange rates on financial results, and the geographic distribution of revenues and earnings; (xvi) maintaining sufficient liquidity in order to fund future profitable growth and long-term vitality; (xvii) the extent to which the Company may be required to write off accounts receivable or inventory; (xviii) outcomes of litigation and regulatory actions; and (xix) other risks and uncertainties described under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and in subsequent periodic reports on Forms 10-K, 10-Q and 8-K. You are urged to carefully review and consider the disclosure found in the Company's filings which are available on www.sec.gov or www.strholdings.com. Should one or more of these risks or uncertainties materialize, or should any of these assumptions prove to be incorrect, actual results may vary materially from those projected in these forward-looking statements. The Company undertakes no obligation to publicly update any forward-looking statements contained in this release, whether as a result of new information, future developments or otherwise, except as may be required by law.

STR Holdings, Inc.
Joseph C. Radziewicz, 860-758-7325
Controller and Principal Accounting Officer
[e-mail]
or
ICR, LLC.
Gary Dvorchak, CFA, [phone]
Senior Vice President
Investor Relations Consultant
[e-mail]