EVSO Imports First Konca PV Panels in U.S.

THE WOODLANDS, Texas--(BUSINESS WIRE)--Evolution Solar Corp. (PinkSheets:EVSO) announced today that the company imported a large shipment of Konca Solar Cell Co. photovoltaic panels from China this week. The 230-watt solar panels are the first of their kind in the U.S.
   
The polycrystalline wafer panels were manufactured by Konca Solar, a world leader in photovoltaic innovation. Since 2005, Konca has been a leader in the manufacture of solar grade wafers, producing over 300 megawatts worth of wafers per year. Konca's plant in China’s Jiangsu Province supplies superior solar wafers to major panel producers in the region, including Suntech-Power (NYSE: STP).

EVSO’s new panels arrived in Jacksonville, Fla., where they will be shipped to residential and commercial solar projects in North Carolina, Florida, Texas and elsewhere.

“Once these new panels hit the marketplace, we anticipate demand for Konca products rising dramatically,” said EVSO President Robert Hines. “We hope that this initial shipment of panels will mark the beginning of a long and fruitful relationship with Konca.”

Evolution Solar anticipates a strong market for Konca Solar panels in the new year. Last week, DC Energy Insights released a report examining the technological, legislative, and business model trends that will shape the solar photovoltaic (PV) industry in 2011. According to the report, new solar panel installations across North America should double next year to over 2 gigawatts of capacity.

Last month, Evolution Solar sent two solar panels to North Carolina as part of the company’s efforts to enhance the green technology curriculum at Barber-Scotia College’s energy institute. In October, the company partnered with Texas Southern University in Houston to install eight AmpleSun thin-film photovoltaic panels on the campus to serve as a cornerstone of the new TSU Green Technology Center. The project was EVSO’s first array featuring the AmpleSun panels in the U.S. These projects are intended to help Evolution Solar acquire new business in a sector that is growing to compete in the energy industry, which includes First Solar (NASDAQ:FSLR), China Sunergy Co. (NASDAQ:CSUN) and ReneSolaLtd. (NYSE:SOL).