Press Release from Solarpowergetics, Inc.
June 19, 2007 - La Jolla, California
Solarpowergetics Inc. (SPG) announced today that it has reached an agreement to distribute crystalline silicon solar cells, modules and dual glass solar modules on behalf of Wuxi Shangpin Solar Energy & Technology Company (China). The agreement is expected to advance SPG into the largest solar markets in the United States, including New Jersey, New York and California.
"We are pleased to offer world-class solar modules at radically reduced prices. Future growth in solar depends on much lower prices, which will stimulate growth for mass consumption. Acceptance of solar power for practical use requires design and integration into simple "plug and play" systems to justify the expense. The agreement with Wuxi Shangpin Solar, along with competitive pricing strategies, will permit us to quickly demonstrate the extreme benefits of solar, wind and thermal power systems in the United States," said Miguel Hidalgo, CEO and President of Solarpowergetics Inc. "We must promote clean energy now to save the planet. Let us reduce the level of carbon emissions, kick our addiction to oil and break away from the toxic Industrial Revolution and move forward into the next century together."
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