FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Hilco Industrial has been appointed as the exclusive agent to handle the sale of the world-class Evergreen PV solar panel facility in Devens, Massachusetts. The offering of this facility represents a rare opportunity for a company seeking to develop PV solar cell manufacturing capacity at a greatly reduced cost, translating into a dramatically reduced cost per watt of manufacturing to become very competitive with the cost of off-shore producers.

Evergreen’s Devens facility has perfected three areas of production to an unsurpassed level of efficiency in a state-of-the-art facility designed to ensure 100% uptime. The products of this facility are extremely high quality wafers, solar cells, and solar panels with a rated output of 160 MW per year with actual output at over 180 MW per year. Evergreen (Devens) represents approximately 10% of the US capacity and the original cost of this facility was in excess of US$425 Million in 2009.

Currently, the facility is in operation and has a scheduled phased shut down in mid-March 2011. Due to the limited time before the scheduled shutdown commences, Hilco Industrial requests an immediate expression of interest in order to provide additional details for this unique opportunity. For more information, please contact Brian Lee at (203) 258 0927 or Robert Levy at (248) 254 9999 x15.

About Hilco Industrial

An international leader in webcast, on-site, and online machinery and equipment disposition services, Hilco Industrial [www.hilcoind.com] designs, implements and manages state-of-the-art sales and marketing programs to achieve maximum returns. Core competencies include understanding the true marketable value of industrial assets and the know-how to sell them at the maximum recoverable value, in the shortest possible timeframe with minimal expense. Hilco auctioneers, appraisers, liquidators and consultants have an average of 30 years experience. They have conducted well over 4,500 sales events in helping companies unlock the hidden value in their underutilized assets around the world. Hilco Industrial is a unit of The Hilco Organization [www.hilcotrading.com], a world leader in the valuation, acquisition, disposition and specialized debt and equity financing of business assets, and includes Hilco Industrial Online, Hilco Industrial Europe, Hilco Asset Sales Canada, and Hilco Acetec Mexico.

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