Dedication Ceremony and Press Conference to Be Hosted Jointly by Aerojet and
Solar Power, Inc. at the Aerojet Site
ROSEVILLE, Calif.--(Business Wire)--
Solar Power, Inc. ("SPI") (OTCBB:SOPW) announced today that it will host a
luncheon on Tuesday, November 10, 2009 from 11:00 AM to 1:45 PM in Sacramento,
California to provide industry analysts and investors with a corporate update
presentation and Q&A session with SPI CEO and Chairman, Mr. Stephen Kircher.
Additionally, an overview presentation on the Aerojet project will be given by
Mr. Eric Hafter, President of SPI`s Commercial Construction Division. At 3.5
megawatts, covering more than 20 acres of Aerojet land, the system is one of the
largest single-site industrial solar installations in the United States.
Immediately following the luncheon, SPI and Aerojet will jointly host a
dedication ceremony and press conference at the site and unveil a permanent
monument and visitation center for the installation site. The system is a major
part of Aerojet`s environmental and sustainability initiative. "The Aerojet
project, which has been one of the largest system installations in the U.S. this
year, is the foundation of our growing portfolio of multi-megawatt projects,"
said Mr. Kircher. "More importantly, the project has been successful for us and
our client. Our team has executed the project on time, on target and on budget.
I couldn`t be more pleased with the results," Mr. Kircher concluded.
During its first year of use, SPI`s Aerojet system is expected to offset
approximately 4,200 tons of carbon dioxide, 16.7 tons of sulfur dioxide, and
approximately 6.5 tons of nitrogen oxide that would have otherwise been produced
using fossil fuel power production. The first-year net clean energy benefits
equate to offsetting approximately 8,270,000 automobile miles driven or the
clean air benefits realized from planting 976,520 trees. With a system life
expectancy of 25 years, the cumulative life-cycle environmental offsets for a
system of this scope are significant.
Analysts and prospective investors interested in attending the luncheon and
ceremony should contact Brion Tanous with CleanTech IR at (310) 541-6824.
About Solar Power, Inc.:
Founded in 2005, Solar Power, Inc. is a vertically integrated solar energy
solution provider offering the North American commercial and public sector
building markets a complete solution through a single brand. Throughout Europe,
Asia and Australia the Company sells its products direct to distributors and
turnkey solutions providers. The Company`s Yes! Solar, Inc. subsidiary provides
the U.S. small- to mid-sized business and residential market segments with
turnkey PV solar systems through a growing dealer network. Solar Power, Inc.
operates from its Roseville, California headquarters.
Safe Harbor Statement:
This release contains certain "forward-looking statements" relating to the
business of Solar Power, Inc., its subsidiaries and the solar industry, which
can be identified by the use of forward looking terminology such as "believes,
expects" or similar expressions. The forward looking statements contained in
this press release include statements regarding the Company`s ability to execute
its growth plan and meet revenue and sales estimates, enter into formal
long-term supply agreements, and market acceptance of products and services.
These statements involve known and unknown risks and uncertainties, including,
but are not limited to, general business conditions, managing growth, and
political and other business risk. All forward-looking statements are expressly
qualified in their entirety by this Cautionary Statement and the risks and other
factors detailed in the Company's reports filed with the Securities and Exchange
Commission. The Company undertakes no obligation to publicly update or revise
any forward-looking statements, whether as a result of new information, future
events or otherwise, except as may be required under applicable securities law.
Solar Power, Inc.
Mike Anderson, 916-745-0916
Vice President Marketing
Manderson@solarpowerinc.net
or
CleanTech IR, Inc.
Brion Tanous, 310-541-6824
btanous@cleantech-ir.com
Copyright Business Wire 2009
