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February 22, 2013

Eric Roiter, President, M.E. Baker Company / Baker Solar Inc.

Eric Roiter, President, M.E. Baker Company / Baker Solar Inc.
Eric Roiter, President, M.E. Baker Company / Baker Solar Inc.
Baker's outlook for 2013 is quite optimistic in new markets, particularly in clean tech where our sales are especially robust. Our new FlexTool and BCM product lines for the solar PV and e-waste recycling industries, respectively, represent a significant portion of our top line growth for this calendar year.

We have installed, and continue to install, a number of FlexTools in the United States and Europe for next-generation PV cell line process development work. Units sold of our BCM tool platform for the recovery and recycling of e-waste including, PCBs, has already doubled year-over-year 2012 to 2013.

In our legacy markets, including PCB and general metal finishing, top line growth is generally flat with the exception of some new factories coming online in 2013 that have contributed substantially to business unit revenue. Our expectation is that this trend will continue, particularly as existing PCB companies are forced to invest in production line capex as legacy equipment purchased prior to the financial crisis ages and becomes obsolete.

In summary, we expect 2013 to be very promising as our investments in new markets begin to pay off in the recovery while our legacy business benefits from the forced obsolescence of previous generation equipment sets.

Eric Roiter, President
M.E. Baker Company / Baker Solar Inc.