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Jusung Engineering and MEMC Announce High Efficiency Solar Cell Production Strategic Partnership

ST. PETERS, Mo. July 6, 2011

$16 million

Ken Hannah

Mr. CJ Hwang, CEO of Jusung commented, "We are excited to partner with an industry leader such as MEMC.  While this is a new partnership for Jusung, our goal is unchanged – to develop innovative equipment technologies to delight our customers."

In addition to the cell manufacturing joint venture, MEMC and Jusung’s strategic partnership allows the companies to market this low cost, high efficiency cell platform to key strategic cell manufacturing partners in the drive towards grid parity.

About Jusung Engineering Co., Ltd.

http://www.jusung.com

About MEMC

Europe Asia SunEdison

www.memc.com

Forward Looking Statements

$16 million

SOURCE MEMC Electronic Materials, Inc.; Jusung Engineering Co., Ltd.

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