Equity Solar Signs Commercial Validation Agreement

SAN ANSELMO, CA, Nov 12 (MARKET WIRE) --
Equity Solar, Inc., a company specifically established to commercialize a
leading-edge solar photovoltaic (PV) technology, today announced that it
has entered into a validation agreement with Fraunhofer USA's Center for
Sustainable Energy Systems (CSE).

Under the terms of the agreement, Fraunhofer will provide comprehensive
experimental validation of a cutting-edge, patented solar technology that
Equity Solar has licensed from Special Materials Research and Technology,
Inc. (SPECMAT). SPECMAT's CEO Dr. Maria Faur will support Fraunhofer in
this process.

For more than fifty years, Fraunhofer has played a vital role in the
research and commercialization of new technologies. At present, Fraunhofer
is comprised of 80 institutes and centers spread across the world,
including the recently opened Fraunhofer CSE located in Cambridge, MA.

"Dr. Faur had provided us with some compelling technical validation prior
to us licensing the technology," stated Chester Aldridge, Chairman of
Equity Solar. "We've hired Fraunhofer to take the validation one step
further, assessing all aspects of the technology individually and
together, and to evaluate its readiness for commercialization."

"We are very pleased that Equity Solar chose Fraunhofer to validate its
solar PV technology," stated Nolan Browne, Managing Director of Fraunhofer
CSE. "This is an exciting project for us at the CSE because Equity Solar's
technology, if validated, has the potential to have a positive effect on
the efficiency and production cost of solar cells which once
commercialized could help drive solar closer to grid parity."

About Equity Solar, Inc.

Equity Solar, Inc. was specifically formed to commercialize a leading-edge
patented solar photovoltaic (PV) technology licensed from Special
Materials Research and Technology (SPECMAT).

Equity Solar, Inc. was founded and incubated by the management team of US
Trust Corp. For more information, visit www.ustrustcorp.com.

About the Fraunhofer Center for Sustainable Energy Systems

Located in Cambridge, MA, the Fraunhofer Center for Sustainable Energy
Systems (CSE) is dedicated to serving the research needs of the
sustainable energy industry, helping established industry players and
newcomers alike move clean energy technologies from the laboratory to the
production line. At current, the Center focuses on three key areas:
energy device prototyping, solar module testing and innovation, and
building efficiency.

For further information, please contact:

Equity Solar, Inc.
Tony Shapiro
Tel: 415-306-0831
Email: press@equitysolar.com
www.equitysolar.com

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