News » 2002 » Kyocera Solar, Inc. Sells Sunelco Division


Kyocera Solar, Inc. Sells Sunelco Division

Sunelco to remain an authorized dealer of Kyocera solar products

SCOTTSDALE, ARIZONA (June 7, 2002) - Kyocera Solar, Inc. today announced the sale of Sunelco, its catalog and retail sales division in Hamilton, Montana, to Tom Bishop, a long-time Sunelco employee and division manager. Terms of the sale were not disclosed.

Bishop has formed a new company, Sunelco, Inc., that is an authorized dealer of Kyocera solar products.

"Kyocera's sale of Sunelco reflects our focused business strategy and eliminates a possibility for Kyocera to be in competition with its dealer network," said Doug Allday, President of Kyocera Solar, Inc. "We wish Tom Bishop and the Sunelco team all the best, and we welcome them into our family of authorized dealers."

Bishop, now owner and president of Sunelco, Inc., stated, "I thank Kyocera for giving Sunelco the opportunity to continue our tradition of providing quality service, and I look forward to a prosperous and rewarding relationship as part of the Kyocera Solar, Inc. dealer network. I also offer my thanks to all of the Kyocera people whom we have worked with over the past seven years."

Kyocera Solar, Inc. will continue to focus on providing quality solar-related products and solutions in the areas of residential and commercial grid-tie, industrial systems, and water pumping to its dealer/OEM customer base. For further information, contact Lee Barker in Kyocera Solar, Inc.'s Customer Service Division (toll-free) at 888-576-4921.

About Kyocera
Kyocera Solar, Inc. is a world-leading supplier of environmentally sound, solar electric energy solutions, with headquarters in Scottsdale, AZ and sales affiliates in the Americas and Australia. The company is a wholly-owned subsidiary of Kyocera International Inc. of San Diego, the North American headquarters and holding company for Kyoto, Japan-based Kyocera Corporation.

Kyocera Corporation (NYSE: KYO), the parent and global headquarters of the Kyocera Group, was founded in 1959 as a producer of advanced ceramics. By combining these engineered materials with metals and plastics, and integrating them with other technologies, Kyocera Corporation has become a leading supplier of solar energy systems, telecommunications equipment, semiconductor packages, electronic components, cameras, laser printers, copiers and industrial ceramics. During the year ended March 31, 2002, Kyocera Corporation's consolidated net sales totaled 1.034.6 trillion yen (US$7.778 billion) with net income of 31.953 billion yen (US$240.2million). Kyocera Corporation has been recognized by IndustryWeek magazine as one of "The World's 100 Best-Managed Companies."