EPV Solar Announces Eighth Extension of Private Debt Exchange Offer and Consent Solicitation...

EPV Solar Announces Eighth Extension of Private Debt Exchange Offer and
Consent Solicitation Relating to Its 8% Convertible Senior Secured Notes due
2010

ROBBINSVILLE, N.J., May 27 /PRNewswire/ -- EPV Solar, Inc. (the "Company")
today announced that on May 26, 2009 it extended its private offer to exchange
any and all of its 8% Convertible Senior Secured Notes due 2010 (the "Old
Notes") for new 1% Convertible Senior Secured PIK Notes due 2016 (the "New
Notes"), shares of its common stock and warrants to purchase shares of its
common stock (the "Exchange Offer"), and the related consent solicitation.

The Exchange Offer was scheduled to expire at 11:59 p.m., New York City time,
on May 26, 2009. The Exchange Offer has been extended until 4:00 p.m., New
York City time, on May 27, 2009. As of 5:45 p.m., New York City time, on May
26, 2009, the Company was advised by The Bank of New York Mellon, the exchange
agent, that an aggregate principal amount of approximately $71.6 million of
the Old Notes, or 75.0% of the series, had been validly tendered.

The consummation of the Exchange Offer is conditioned upon the satisfaction or
waiver of the conditions set forth in the Offer to Exchange and Consent
Solicitation, dated February 4, 2009, as amended by Amendment Number 1 to the
Offer to Exchange and Consent Solicitation, dated March 3, 2009, and Amendment
Number 2 to the Offer to Exchange and Consent Solicitation, dated April 2,
2009 (the "Offer to Exchange"). Holders must validly tender and not withdraw
their Old Notes on or before the Expiration Date, as extended, to receive the
Exchange Offer consideration.

The Exchange Offer is being made only to "qualified institutional buyers" (as
defined in Rule 144A promulgated under the Securities Act of 1933, as amended
(the "Securities Act")) and "accredited investors" (as defined in Rule 501
promulgated under the Securities Act).

The Company's obligation to accept any Old Notes tendered and to pay the
applicable consideration for them is set forth solely in the Offer to
Exchange. This news release is neither an offer to purchase nor a
solicitation of an offer to sell any securities, including the New Notes, the
Company's common stock, or warrants to purchase the Company's common stock.
The Exchange Offer is made only by, and pursuant to the terms set forth in,
the Offer to Exchange, and the information in this news release is qualified
in its entirety by reference to the Offer to Exchange. The securities,
including the New Notes, the common stock and the warrants, have not been and
will not be registered under the Securities Act or the securities laws of any
other jurisdiction, may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements, and
will therefore be subject to substantial restrictions on transfer.

About EPV Solar
EPV Solar, Inc. is a New Jersey-based amorphous silicon thin-film solar module
developer and manufacturer and currently sells its product to customers in
grid-connected and off-grid markets in North America, Europe, and Asia
Pacific. The Company is developing its Building Integrated Photovoltaics
(BIPV) and Systems Integration sectors while pursuing its mission to remain
one of the world's lowest-cost producers of solar modules.

SOURCE EPV Solar, Inc.

Ren Jenkins, Vice-President, Marketing & Business Development of EPV Solar,
Inc., +1-609-587-3000 ext. 1114, or cell, +1-610-349-2286,
r.jenkins@epvsolar.com