DOW(TM) POWERHOUSE(TM) Solar Shingle Named a Best Invention of 2009 by TIME Magazine

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MIDLAND, Mich., November 16, 2009 /PRNewswire-FirstCall/ – The Dow Chemical Company’s (NYSE:DOW) DOW(TM) POWERHOUSE(TM) Solar Shingle, the revolutionary flexible photovoltaic solar cell packaged in the form of a roofing shingle that can be easily integrated with standard asphalt shingle materials, has been named one of “The 50 Best Inventions of 2009” by TIME magazine.

“The introduction of the DOW(TM) POWERHOUSE(TM) Solar Shingle exemplifies Dow’s commitment to delivering innovative solutions to the world’s most critical challenges,” said Jane Palmieri, Managing Director of Dow Solar Solutions. “This groundbreaking technology will make affordable renewable energy a reality now and for future generations. Dow is proud to be recognized by TIME magazine – a strong testimonial to the power of our chemistry and science to deliver sustainable solutions.”

The DOW(TM) POWERHOUSE(TM) Solar Shingle integrates low-cost, thin-film CIGS photovoltaic cells into a proprietary roofing shingle design, which represents a multi-functional solar energy generating roofing product. The innovative product design reduces installation costs because conventional roofing shingles and solar generating shingles are installed simultaneously by roofing contractors – no specialized skills or knowledge of solar array installations are required.

Additionally, Dow and the California Institute of Technology (Caltech) recently announced the signing of a multi-year research collaboration that is strategic to both organizations’ interests in solar energy. The arrangement is aimed at developing the next generation of ultra low cost, high-efficiency photovoltaic materials and will accelerate the speed to market for these next-generation materials. Based on earth-abundant elements, these new PV materials should further reduce the cost of Dow’s building integrated photovoltaic line, including the DOW(TM) POWERHOUSE(TM) Solar Shingle.

“Products like the DOW(TM) POWERHOUSE(TM) Solar Shingle demonstrate what the innovation engine of the new Dow can do,” said David Parrillo, Senior R&D Director for Dow Solar Solutions. “Dow’s innovation pipeline is robust and will allow us to continue to develop new building related photovoltaic materials and solutions. The collaboration with Caltech is projected to keep affordability and accessibility at the forefront of Dow’s solar photovoltaic product lines and is another example of how Dow’s leadership and innovation will further unlock the power of the sun for the masses.”

The DOW(TM) POWERHOUSE(TM) Solar Shingle systems are expected to be available in limited quantities by mid-2010 and projected to be more widely available in 2011, putting the power of solar electricity generation directly and conveniently in the hands of homeowners.

To learn more about the DOW(TM) POWERHOUSE(TM) Solar Shingle visit www.dowsolar.com.

About Dow

Dow is a diversified chemical company that combines the power of science and technology with the “Human Element” to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in approximately 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. In 2008, Dow had annual sales of $57.4 billion and employed approximately 46,000 people worldwide. The Company has 150 manufacturing sites in 35 countries and produces approximately 3,300 products. On April 1, 2009, Dow acquired Rohm and Haas Company, a global specialty materials company with sales of $10 billion in 2008, 98 manufacturing sites in 30 countries and approximately 15,000 employees worldwide. References to “Dow” or the “Company” mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.

Source: The Dow Chemical Company

CONTACT: David Winder of The Dow Chemical Company, +1-989-636-0626

Web Site: http://www.dow.com

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