North East, MD (May 8, 2007) – Blue Square Energy (BSE), a developer and manufacturer of high-performance silicon solar cells, announced today that Janis Studer has joined the company as Chief Financial Officer.  Ms. Studer brings more than 20 years of broad experience in finance, operations and manufacturing to the position. 

Ms. Studer spent eleven years with Cabot Corporation, a specialty chemicals company based in Boston, MA, where she most recently served as Vice President of North American Shared Services.  In this role, she was responsible for building a centralized shared services to provide transactional support for all regional businesses. She oversaw the monthly close and controllership transactions, customer service, purchasing, supply chain planning, logistics and billing for Cabot’s North American operations.

While at Cabot, Ms. Studer also held positions as Vice President of Global Supply Chain, Vice President / Corporate Treasurer and Regional Director of New Business Development in Asia Pacific.  During her time in Asia, she conducted business in Malaysia, China and Japan.  She was responsible for developing and implementing long-range regional plans for business segments, with a strong emphasis on expansion in China.  For five years, Ms. Studer was the Chief Financial Officer of the Cabot Performance Materials (now SuperMetals) business, a key supplier to the electronics industry.

Prior to joining Blue Square, Ms. Studer served as a financial consultant with a start-up manufacturer aggressively exploring spin-off opportunities.  She has also held finance and operations positions with Beard and Associates, Stortz and Associates, Catalyst Consultants and Arco Chemical Company.

“Janis is exactly what we were looking for in a CFO,” said Jeffrey Barnett, president and CEO of BSE.  “She has advised companies through rapid expansions, she has helped manufacturing options become financially efficient, and she has extensive experience working Asia.  All three are critical to our business plan for growth over the next five years.”

Among her responsibilities, Ms. Studer will oversee the company’s financial transactions and reporting, including its institutional investments.  She will also be heavily involved in developing and managing global partnerships, specifically in Asia and Europe.  Ms. Studer will work closely with the BSE team to provide a robust strategic planning process to insure the proper resources are in place for rapid growth.

“This exciting growth opportunity with BSE enables me to draw on all my strengths while keeping me challenged and on my toes,” said Ms. Studer.  “The team here is energetic and driven to meet their goals, both here in the U.S. and globally.  I’m proud to have the opportunity to be involved with BSE, and look forward to getting to work.”

About Blue Square Energy
Blue Square Energy is a developer and manufacturer of high-performance silicon solar cells headquartered in North East, Maryland.  The company produces and distributes the world’s largest and most powerful silicon solar cell. It is currently commercializing its proprietary silicon solar cell technology called Bright Point, which utilizes impurity enriched silicon to deliver high efficiency, low-cost solar electricity. More information about Blue Square Energy can be found at www.BlueSquareEnergy.com.