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New Series of Cost-saving Rear Silver Conductor Pastes for Silicon Solar Cells Being Introduced by Ferro Electronic Materials

Pastes cut silver usage while maintaining key performance characteristics CLEVELAND--(BUSINESS WIRE)--May. 15, 2012-- Ferro Electronic Materials, a leading supplier of materials for fabricating photovoltaic silicon solar cells for more than 30 years, will introduce a new family of rear silver conductor pastes in booth # 550, Hall W4 at SNEC 2012 PV Power Expo, held in Shanghai, China, May 16-18. The new products offer up to 70% savings in silver compared to current pastes yielding a 10-micron fired busbar thickness. PS 213X Series Rear Silver Pastes Ferro’s new pastes offer savings to cell manufacturers via reduced precious metal content and reduced paste laydown. The products have pure silver metallurgy and enable fast printing at speeds of more than 200 millimeters per second. They are compatible with the Company’s back surface aluminum pastes and can be co-fired in a wide processing window. The pastes provide robust soldering behavior with excellent adhesion to silicon wafers. PS 213X Series silver pastes are RoHS- and REACH-compliant and are free of lead, cadmium and phthalates. "These new products lower the cost of ownership to make solar energy more cost-competitive by reducing both precious metal content and paste laydown," said Todd Williams, business manager for Ferro Electronic Materials. “PS 213X pastes provide the same mechanical performance as current pastes yielding a 10-micron fired busbar thickness at significantly lower cost.” About Ferro Ferro Corporation (NYSE: FOE) is a leading global supplier of technology-based performance materials for manufacturers. Ferro materials enhance the performance of products in a variety of end markets, including electronics, solar energy, telecommunications, pharmaceuticals, building and renovation, appliances, automotive, household furnishings, and industrial products. Headquartered in Mayfield Heights, Ohio, the Company has approximately 5,100 employees globally and reported 2011 sales of $2.2 billion. Source: Ferro Corporation Ferro Corporation Media Contact: Mary Abood, Director, Corporate Communications, 216-875-5401 E-mail: mary.abood@ferro.com or Investor Contact: David Longfellow, Director, Investor Relations, 216-875-5488 E-mail: david.longfellow@ferro.com