First Solar Selects DMB’S Mesa Proving Grounds for New Manufacturing Facility

East Valley Home to Hundreds of New Jobs

MESA, Ariz.--()--DMB Associates, Inc. (DMB), an Arizona-based, diversified real estate investment and development firm, today announced that First Solar, Inc. (Nasdaq: FSLR) will acquire approximately 135 acres within the Mesa Proving Grounds project for the first phase of its next solar module fabrication plant and future expansion. The manufacturing facility will generate approximately 600 clean-tech jobs for the region in its first phase.

Construction is anticipated to begin in the second quarter of 2011 and be completed in early 2012. Approximately 400 to 500 jobs will be created during the construction of the project.

“DMB’s Mesa Proving Grounds is planned to serve as a major regional employment core,” said Eneas Kane, DMB’s President and CEO. “We are proud to welcome First Solar as Mesa Proving Grounds’ first employer. The site is an ideal match, offering a premier location at the center of the Southeast Valley with access to major transportation corridors and the Phoenix-Mesa Gateway Airport.”

First Solar considered a number of locations around the country before focusing on the Mesa Proving Grounds property. “Thanks to the work of Governor Jan Brewer, Arizona Commerce Authority Director Don Cardon, Maricopa County and Greater Phoenix Economic Council’s CEO Barry Broome, this deal came together for Mesa and for Arizona. This was a true team effort with Mayor Scott Smith leading the charge for Mesa and the East Valley, and ultimately for the state,” Kane said.

“DMB has been an invaluable partner in the effort to bring First Solar to Mesa Proving Grounds,” said Mesa Mayor Scott Smith. “This facility is a significant first step in the development of the Gateway area into a major center of economic growth, innovation and high-wage jobs.”

“It is exciting to see First Solar and DMB working to create hundreds of high-paying solar manufacturing jobs in Mesa,” said Vice Mayor Scott Somers. “Solar energy is one of many technology-based endeavors that are helping fuel the economic growth of the Power Knowledge Corridor.”

The 3,200-acre Mesa Proving Grounds site, located at the southeast corner of Elliot and Ellsworth Roads in Mesa, was acquired by DMB in 2006 and is the largest contiguous land holding in the Southeast Valley. Recognizing the importance of the development to the economic future of the East Valley, DMB conducted an extensive community outreach program soliciting community opinions and priorities as part of the planning and entitlement process. The result is a carefully conceived land plan that responds to the current and future employment, tourism and housing needs for the region.

About DMB Associates, Inc.

DMB Associates, Inc. is an Arizona-based, diversified real estate investment and development firm with real estate holdings through affiliated companies. Founded in 1984, DMB’s projects include signature commercial properties, resort/recreational and primary home communities, country clubs, health clubs and spas. DMB is known for developing projects that complement and enhance the greater communities of which they are a part. In Arizona, those properties include DC Ranch, Market Street and One Scottsdale in Scottsdale; Centerpoint on Mill in Tempe; Verrado in Buckeye; and Marley Park in Surprise, among others. For more information, please visit http://www.dmbinc.com.

About Mesa Proving Grounds

Mesa Proving Grounds was part of the 5,000-acre General Motors Desert Proving Grounds when it was purchased by DMB Mesa Proving Grounds LLC, an affiliate of Arizona’s DMB Associates, Inc., in late 2006. Located adjacent to Phoenix-Mesa Gateway Airport and ASU Polytechnic campus, the 3,200-acre Mesa Proving Grounds is the largest remaining parcel of contiguous land within the Mesa planning area and is of tremendous importance to the future of Mesa and the entire region. DMB envisioned Mesa Proving Grounds to be a catalyst for the type of development being sought by regional leaders for this important and strategically situated part of the Greater Phoenix metropolitan area. For more information on Mesa Proving Grounds, please visit www.dmbmesaprovinggrounds.com.

About First Solar, Inc.

First Solar manufactures solar modules with an advanced semiconductor technology and provides 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 cost-effective, renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com.

Contacts

Denise Resnik & Associates
Denise D. Resnik, 602-956-8834
Denise@resnikpr.com

Release Summary

DMB Associates announced that First Solar, Inc. will acquire approximately 135 acres with Mesa Proving Grounds in Mesa, Ariz.

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Contacts

Denise Resnik & Associates
Denise D. Resnik, 602-956-8834
Denise@resnikpr.com