Thursday, April 3, 2008

ET Solar Group Announces 6.6MW Module (for Rooftop Trackers) Sales to a Leading Italian Energy Equipment Provider

NANJING, China, April 2, 2008 /Xinhua-PRNewswire/ -- ET Solar Group Corp. ("ET Solar"), a Nanjing-based integrated manufacturer of photovoltaic products including ingot, wafer, module, and state-of-the-art dual-axis tracking systems with manufacturing facilities located in Taizhou, China, announced today a 6.6MW module sales contract with a leading Italian energy equipment provider.

Under the contract, ET Solar will ship a total of 6.6MW modules to be mounted on rooftop, single-axis trackers between second quarter of 2008 and first quarter of 2009. With ET Solar being a joint producer, these trackers are designed to operate on both residential and commercial rooftops and can generate 15-20% more power than the fixed tilt arrays, achieving lower unit cost on both per watt and per kilo watt hour basis.

Commenting on the news, Xinghua Wang, chairman of ET Solar said, "The transaction is another solid execution of ET Solar's diversification driven sales and marketing strategy from both geographical and customer segmentation perspectives. In particular, ET Solar is very honored to be a significant business partner with one of Europe's largest energy equipment providers and also a premier household name in Italy. We see the Italian PV market as a new engine for global PV market growth. With this transaction, ET Solar is very well positioned to expand our presence and be a significant contributor in this market."

About ET Solar:

ET Solar is an integrated solar component manufacturer. Headquartered in Nanjing, China, ET Solar has two manufacturing facilities in Taizhou, China. The Company's diversified products range from mono crystalline ingot, mono and multi crystalline silicon wafer, module, dual-axis tracker systems and BIVP products. ET Solar has been implementing sales through a combination of extensive direct sales and global distribution. Marketing and after-sales services throughout the United States, Germany, Italy and Spain ensure our products are readily accessible in world's major solar markets. With a genuine effort to supply our customers with tailor-made modules for specific customer requirements, ET Solar provides pro-active solutions for everyone's solar energy needs.

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