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MEMC Provides Status Update Post Hurricane Ike

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ST. PETERS, Mo., Sept. 15 /PRNewswire-FirstCall/ -- MEMC Electronic Materials, Inc. (NYSE: WFR) today provided an update on the status of its facility inPasadena, Texas, which was threatened by Hurricane Ike.

"I am happy to report that ourPasadena facility does not appear to have sustained any major structural damage," stated Nabeel Gareeb, MEMC's chief executive officer. "We maintained power throughout the storm and the occupancy crew that stayed on site through this period is safe. Our restart activities commenced as planned over the weekend, however, we have been notified of raw material delays by our suppliers due to their own startup difficulties. We are working closely with our suppliers to understand and overcome these delays. We are not updating guidance at this time," concluded Gareeb.

About MEMC

MEMC is a global leader in the manufacture and sale of wafers and related intermediate products to the semiconductor and solar industries. MEMC has been a pioneer in the design and development of wafer technologies over the past four decades. With R&D and manufacturing facilities in the U.S.,Europe and Asia, MEMC enables the next generation of high performance semiconductor devices and solar cells. MEMC's common stock is listed on the New York Stock Exchange under the symbol 'WFR' and is included in the S&P 500 Index.

SOURCE MEMC Electronic Materials, Inc.



 
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Updated: 5:45 PDT     827

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