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June 27th, 2008
Evolution Solar Enters Bidding Process for Transit Authority’s Projects

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PR – Evolution Solar Corp.has entered into the bidding process to
deliver the first 34 kilowatts of solar energy for a North American
municipal transit authority. Over ten such energy projects are
scheduled from the transit authority.

The United States currently generates less
than 0.1% of its electricity through solar energy,
Mr. Kaapke explained. However, a new study by
Clean Edge and Co-op America shows that the US could be 10% solar by
2025.

The Energy Information Administration predicts world energy demand will
grow 50% by the year 2030.

Thin-film production accounts for just 11 percent of worldwide
production, but it plays a much more important part of the US PV
industry roughly 30 percent. The US has
about half of global thin-film capacity, which is fast approaching cost
parity with other forms of energy.

Almost all major PV manufacturers continue to expand production. First
Solars (NASDAQ:FSLR) expansion in Malaysia
will help push its annual capacity to 1 gigawatt by the end of 2009.
SunPower (NASDAQ:SPWR) of California has added more than 625-megawatt
capacity at its Philippines facility, while Applied Materials
(NASDAQ:AMAT) has moved aggressively into the sector in the past few
years. Germanys SolarWorld is aiming to reach
500-megawatt production by 2010.

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