THE WOODLANDS, Texas, Nov 12, 2010 (BUSINESS WIRE) -- Evolution Solar Corp.
(PinkSheets: EVSO) announced today that the company signed partnering agreement with Denver-based solar energy services company Solar-Nomics.
Both companies have been negotiating the partnership since October. Evolution Solar President Robert Hines said on Thursday that the alliance with Solar-Nomics will significantly expand EVSO's market position.
"Our partnership with Solar-Nomics is going to drastically increase the number and scope of solar energy projects that EVSO is able to undertake," Hines said.
"They have the expertise and experience necessary to perform analysis and feasibility studies on practically any solar energy project in the country. With Solar-Nomics' help, the scope of our mission will essentially be limited only by our imagination." Solar-Nomics delivers solar energy solutions such as solar PV, solar thermal and renewable energy generation to commercial businesses and government entities in the U.S. and abroad. As part of the company's agreement with Evolution Solar, Solar-Nomics will assist in the facilitation and construction of future solar energy projects, including using selected student participation from its affiliated solar training program.
Solar-Nomics CEO Malcolm G. Burleson said Thursday that the partnering agreement would afford his company the opportunity to better offer full service and value to solar clients.
"This partnership will bring the creativity and ingenuity of Evolution Solar together with the know-how and experience of Solar-Nomics," said Malcolm G.
Burleson, Solar-Nomics CEO. "It will allow us to implement a full 360-degree value proposition for our customers, and we're very excited about the new opportunities that will make possible." To fulfill its end of the partnering agreement, Evolution Solar will provide high-efficiency solar panels for selected future joint projects at reduced or wholesale prices. Earlier this month, Evolution Solar sent two cutting-edge solar panels to North Carolina as part of the company's efforts to enhance the green technology curriculum at Barber-Scotia College's energy institute. In October, the company partnered with Texas Southern University in Houston to install eight AmpleSun thin-film photovoltaic panels on the to serve as a cornerstone of the new TSU Green Technology Center. The project was EVSO's first array featuring the AmpleSun panels in the U.S. These projects are intended to help Evolution Solar acquire new business in a sector that is growing to compete in the energy industry, which includes First Solar (NASDAQ: FSLR), Exxon Mobile Corp. (NYSE:XOM), Royal Dutch Shell (NYSE:RDS-B) and Total S.A. (NYSE:TOT).
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, please 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 CONTACT: Evolution Solar Corp. President and CEO Robert Hines, 281-362-2760 firstname.lastname@example.org Copyright Business Wire 2010 -0- KEYWORD: United States
Texas INDUSTRY KEYWORD: Energy
Other Energy SUBJECT CODE: Contract/Agreement