SANTA CLARA, Calif., May 2 /PRNewswire/ -- Solaicx, a leading manufacturer of mono-crystalline silicon wafers and ingots optimized for photovoltaic applications, today announced that the company has been named to Red Herring's prestigious list of the top 100 private technology companies in North America for 2007. Selected from an applicant pool of over 800 leading companies, Red Herring recognizes the North America 100 for their part in driving the future of technology.

"Having received more than 800 submissions, it is clear that we are witnessing a new outburst of creativity," says Joel Dreyfuss, Editor-in-Chief of Red Herring. "With venture capital flowing again, it's exciting to see technology innovators and business investors collaborate to create disruptive technologies. The Red Herring 100 North America companies are impressive up-and-comers, and definitely the ones to watch."

Award criteria were comprised of hard financial data as well as subjective criteria, including quality of management, execution of business strategy, and dedication to research and development. The Red Herring has a tradition of naming new and innovative technology companies and entrepreneurs to the list of 100, having recognized Google, eBay, and Skype in their early days.

"I am extremely proud of the team at Solaicx -- the talent and dedication that our staff brings to work every day has made Solaicx a leader in solar manufacturing technology, and we're honored to be recognized by Red Herring," said Robert Ford, CEO of Solaicx.

Solaicx has designed and built an ingot and wafer manufacturing system based on its proprietary continuous Czochralski (CZ) ingot grower that produces high-quality ingots in high-volume with reduced cycle times and up to 30% more efficient use of polysilicon feedstock. Solaicx wafers meet photovoltaic specifications that enable streamlined cell completion processes and higher solar conversion efficiencies, which reduces the cost of solar electricity. Solaicx is currently expanding its production facilities in order to meet growing demand.

About Solaicx

Solaicx is a manufacturer of low-cost, high-efficiency silicon wafers for the photovoltaic (PV) industry. By designing and building equipment optimized for the high volume, continuous manufacture of high-performance, single crystal silicon ingots, Solaicx creates significant competitive advantages, in terms of cost and quality, which are then passed through the value chain of the silicon-based solar cell manufacturing market. For more information, visit http://www.solaicx.com/

About Red Herring

Red Herring is a global media company which unites the world's best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters, and major events for technology leaders around the globe. Red Herring provides an insider's access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet at http://www.redherring.com/ .

Press Contact: Sonia Aggarwal, Antenna Group for Solaicx 415-977-1921 sonia@antennagroup.com

CONTACT: Sonia Aggarwal of Antenna Group, +1-415-977-1921,
sonia@antennagroup.com, for Solaicx

Web site: http://www.solaicx.com/