SPI Solar Announces Delay in Filing Form 10-Q for Second-Quarter 2012

ROSEVILLE, Calif.--(BUSINESS WIRE)--SPI Solar (“SPI”) (OTCBB:SOPWE) a leading vertically integrated photovoltaic (“PV”) solar developer, announced today a delay in the filing of its Quarterly Report on Form 10-Q with the Securities and Exchange Commission for the second quarter ended June 30, 2012. The filing delay was due to intricate accounting rules associated with the company’s acquisition of Solar Green Technologies (SGT) based in Italy in June 2012.

In accordance with routine procedures related to a delayed filing, the letter “E” has been appended to the company’s stock symbol (now trading under the symbol OTCBB:SOPWE). Companies are given a grace period of 30 calendar days to become current in its reports. Once the company has submitted the required filing, the “E” will be removed.

The company plans to announce the completed filing of its 10-Q via news release as soon as compliance is achieved.

About SPI Solar (OTCBB:SOPWE):

SPI Solar (“SPI”) (Solar Power, Inc.) is a vertically integrated photovoltaic solar developer offering its own brand of high-quality, low-cost distributed generation and utility-scale solar energy facility development services. Through the Company’s close relationship with LDK Solar, SPI extends the reach of its vertical integration from silicon to system. From project development, to project financing and to post-construction asset management, SPI delivers turnkey world-class photovoltaic solar energy facilities to its business, government and utility customers. For additional information visit: www.spisolar.com.