May 15, 2009
11:29a : (Business Wire)
Evolution Solar Corporation (PinkSheets: EVSO):
The solar energy sector posted gains in recent weeks as confidence begins to return to the market. Driven by expected increases in demand for solar energy supported by funding from the $800 billion U.S. stimulus bill and other government initiatives, solar has again gained strength in the alternative energy space.
Evolution Solar, as noted in recent weeks, is aiming to participate in government funded solar projects both through strategic relationships with other industry partners and through financing available under the stimulus bill.
"Evolution is evolving to meet the changing needs of the marketplace," stated Robert Kaapke, CEO of Evolution Solar Corp. "Three months ago, there was no stimulus bill and markets were coasting downward. Now the landscape has changed as large amounts of investment are anticipated for the solar industry in the United States."
Other industry leaders such as Sun Power (Nasdaq: SPWRA), First Solar (Nasdaq: FSLR), Trina Solar LTD (NYSE: TSL), and LDK Solar Co. LTD (NYSE: LDK) are also expected to benefit from these programs.
About Evolution Solar Corporation
Evolution Solar Corporation, (EVSO), commercializes leading edge alternative solar energy technologies and related photovoltaic technologies, equipment and next generation appliances. Evolution Solar is an emerging industry leader capitalizing on its understanding of solar technology and supporting the development of alternative energy plans for large corporations and government organizations. Evolution Solar is also an expert consultant agency to organizations in their strategic and procurement plans for alternative energy contracts with public utilities.
For more information, visit http://www.evolutionsolar.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
SOURCE: Evolution Solar Corporation
