EVSO: China Grows While the World Contracts

PHOENIX--(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.