18.05.2010 13:04:00

Evolution Solar Inks Deal to Engage Energy Diversity Group for Projects

Evolution Solar (PinkSheets: EVSO) announced today that management has executed a letter of Intent (LOI) with Energy Diversity Group (EDGe) to act as its energy management consultant for selected EVSO solar powered projects. EDGe is a full-service energy management consultancy that concentrates on helping clients develop and execute cost-effective energy management strategies. The LOI is the first step in pursuing definitive agreements, anticipated within 60 days.

Under the terms of the LOI, EDGe has agreed to act as a full service energy management consultant for agreed upon projects, including responsibilities for interpreting legislation, Renewable Energy Certificates and emission allowances & credits. EDGe is to also facilitate full energy audits for specific EVSO projects. As part of the deal, EDGe is to utilize EVSO as a consultant and/or authorized distributor for solar product solutions.

"We are pleased to have an opportunity to engage a leader in the energy management industry,” said Robert Hines, President of Evolution Solar. "EDGe’s talent, expertise and experience should greatly benefit our company’s business model going forward.”

More information about EDGe may be found at www.energydiversitygroup.com

Evolution Solar is currently building a solar demonstration site in partnership with Texas Southern University, to be located at the University’s Houston Campus. The project should help Evolution Solar acquire new projects in a sector that is growing to compete in the energy industry, which contains Trina Solar (NYSE: TSL), Clean Energy Fuels Corp. (NASDAQ: CLNE), SandRidge Energy Inc. (NYSE: SD) and Valero Energy Corp. (NYSE: VLO).

About Evolution Solar Corporation

Evolution Solar Corporation, (EVSO), commercializes leading 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.

Eintrag hinzufügen
Hinweis: Sie möchten dieses Wertpapier günstig handeln? Sparen Sie sich unnötige Gebühren! Bei finanzen.net Brokerage handeln Sie Ihre Wertpapiere für nur 5 Euro Orderprovision* pro Trade? Hier informieren!
Es ist ein Fehler aufgetreten!