(Source: Business Wire)
Evolution Solar Corporation (Pink Sheets: EVSO). The World Bank reports economic growth in China is expected to be 7.5% in 2009, while economies such as those in the U.S. continue to contract. China, like the U.S., has instituted a massive economic stimulus package to sustain growth in its economy.
EVSO is currently deepening its relationships in China in order to access this growing market for solar resources and products needed around the world. China's continued growth will make it an even more important source of new technology as the world's economies emerge from the current recession.
"China represents one of the world's fastest growing economies from which new technologies, such as solar panels can be procured at prices attractive in world markets," stated Robert Kaapke, CEO of Evolution Solar Corp. "We want to be out front leading the charge in the solar industry."
Nearly all solar providers in America will source parts and components from China in the years ahead. EVSO expects to position itself to compete with producers, such as SunTech (NYSE: STP) and Energy Conversion Devices (NASDAQ: ENER) for a part of this market.
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.
A service of YellowBrix, Inc.
