EVSO: Congress Picks Winners and Losers in the Energy Industries
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PHOENIX--(Business Wire)-- Evolution Solar Corporation (PinkSheets: EVSO). Congress is nearing the passage of the Waxman-Markey bill that will produce winners and losers in the utility and energy sectors. Companies in the solar and wind industries are expected to be the big winners when the legislation is completed. The bill proposes to require utilities to obtain 6% of their power from renewable sources by 2012 and 20% by 2020. This is expected to accelerate demand for solar farms and solar technologies in the near term. "It never hurts to have powerful friends," stated Robert Kaapke, CEO of Evolution Solar Corp. "We are glad to see that congress is putting the full force of the U.S. government behind alternative electrical power which will have to come almost entirely from solar and wind power." US solar leaders are expected to strongly support the current proposals including companies such as SunTech (NYSE: STP - News) and Energy Conversion Devices (NASDAQ: ENER - News). 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, 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. Evolution Solar Corp. Robert Kaapke, 480-366-5836 services@evolutionsolar.com Copyright Business Wire 2009
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