Letters of Intent to Purchase Solar Panels

ASP Receives Two Letters of Intent to Purchase Solar Panels

February 23, 2009, Lake Mary, FL.– Advanced Solar Photonics (ASP), a developer of  thin-film solar panels for commercial,residential and utility usage, announced today that it has received two letters of intent to purchase 15 MW panels.

Under the proposed terms of the agreement, the companies will purchase 15 MW SunPanels™ from ASP. The Generation 8 SunPanels™ are the most efficient thin-film panels on the market providing eight times more power from one panel than competition. Additionally, SunPanels™ all glass components are manufactured with patented Zero Width Laser Cutting Technology™ providing 4-5 times stronger and defect free edges to withstand extreme day/night temperature changes in the harsh desert environments ensuring 25+ years of long term module stability.

“These letters of intent represent the first two of many such agreements ASP intends to craft with other companies around the world,” stated Edgardo Rodriquez, Vice President of Sales and Marketing for Advanced Solar Photonics.

About Advanced Solar Photoics

ASP produces highly efficient thin film SunPanels for use in grid-tied and off grid-tied applications. The panels ASP will bring to market are a distributive technology designed to improve commercial efficiency levels to those achieved in lab environments.

ASP has moved into a 100,000 sq. ft. facility to enable enough room for production of 40MW of SunPanels.