SPG Holdings LLC Secures Funding

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Tue Jun 30, 2009 5:40pm EDT

Additional Funds Will Allow For Accelerated Growth and Continued Expansion


NOVATO, Calif.--(Business Wire)--
SPG Holdings, LLC, announces the closing of a $13 million equity financing
through the Global Environment Fund and Robeco. SPG Holdings, LLC includes SPG
Solar, Inc., a leader in design and installation of photovoltaic power systems
and Thompson Technologies Industries, Inc., which designs, manufactures and
sells innovative and best-of-breed solar photovoltaic (PV) products. 

SPG Holdings is utilizing the funds to support growth both nationally and
internationally. The funding will continue to allow SPG Holdings to secure the
appropriate level of materials and resources to support its development plans
for business. 

"The solar industry appears to be on the verge of its largest growth cycle,"
says Thomas Rooney, chief executive officer of SPG Solar. "We want to capture
that growth and expand SPG Holdings along with it. When we look back 10 years
from now, we`ll likely see growth that will have eclipsed the advances of the
last eight years. With a pro-solar administration in Washington and new markets
emerging worldwide, the expansion opportunity for solar energy is favorable." 

"This is a great opportunity for SPG Holdings," says Dan Thompson, founder and
chairman of SPG Solar, Inc. "Both SPG Solar and Thompson Technologies now have
the ability to do multiple large scale projects." 

SPG Holdings has seen substantial growth over the last several years. This
funding will take the company to the next level in terms of project size and
company expansion. 

The near term plans include expansion throughout the United States and the
infusion of capital provides greater ability to respond to the growing
opportunities. 

About SPG Holdings, LLC

SPG Holdings, LLC is comprised of SPG Solar, Inc., and Thompson Technologies
Industries, Inc. SPG Solar, Inc. is a proven leader in the financing, design and
installation of photovoltaic power systems. With over 1,300 grid-connected PV
systems in service throughout the Western United States and a senior staff with
decades of experience in electrical engineering, construction and project
development, SPG Solar provides its customers with the very best in solar
technology and professional design-build services. TTI is a worldwide leader in
the design and manufacturing of innovative solar photovoltaic (PV) products.
Founded by experienced building contractors and solar installers, TTI develops
and builds its products for ease of use, elegance in design, and quality and
longevity in performance.

About Global Environment Fund

Established in 1990, the Global Environment Fund (GEF) invests in businesses
around the world that provide cost-effective solutions to environmental and
energy challenges. The firm manages private equity dedicated to clean
technology, emerging markets, and sustainable forestry, with approximately $1
billion in aggregate capital under management. GEF`s investors include prominent
fund-of-funds, endowments, foundations, family offices, and pension funds.

About Robeco

Robeco, established in Rotterdam in 1929, offers investment products and
services to institutional and private investors worldwide. It has around EUR 111
billion in assets under management (at 31 December 2008). The product range
encompasses equity and fixed-income investments, money-market funds, responsible
investing and alternative investments, including private equity, hedge funds and
structured products. The various strategies are managed from Rotterdam (head
office), Boston, Hong Kong, New York, Paris and Zurich. To service institutional
and business clients, Robeco has offices in Bahrain, Belgium, China, France,
Germany, Japan, Luxembourg, Singapore, Spain, Switzerland and the United States.
Robeco is part of Rabobank Group, one of the few privately owned banks in the
world with the highest credit ratings from Moody`s and Standard & Poor`s.
Furthermore, within the banking sector, Rabobank is one of the global leaders in
terms of corporate social responsibility and sustainability.



SPG Solar, Inc.
Tina Barni, 415-382-2173
tina.barni@spgsolar.com



Copyright Business Wire 2009

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