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Solar Power, Inc. Receives Follow-on Order from German Solar Integrator

^{Published on 2009-01-30 08:41:42, Last Modified on 2009-01-30 08:42:42 - Market Wire}
 

ROSEVILLE, Calif.--([ BUSINESS WIRE ])--[ Solar Power, Inc. ] ("SPI") [ (OTCBB:SOPW) ], a vertically integrated designer, manufacturer, and installer of photovoltaic ("PV") energy systems announced today that it has received an additional order from a German solar integrator for the company's 200-watt solar modules. On January 6^th, SPI announced that an initial supply of the modules was shipped to the integrator during December, 2008. The initial product supply was well received from a quality and performance perspective, forming the basis for the order now in place.

"This order is significant as SPI continues to aggressively develop inroads into the European market," said Bradley Ferrell, President of SPI's Commercial Sales Division. "Our customer was obviously very happy with the performance and quality of our products in their initial trials, and has elected to engage with us on an ongoing basis. We believe our recent IEC certification and this order provide validation for our global sales, marketing and product development strategies. As a leading manufacturer and supplier in the world market for PV energy systems, we also believe our product quality and innovations, uniquely position us to continue to build global market share," Mr. Ferrell concluded.

Product innovations and a growing body of well known commercial clientele continue to distinguish SPI. In 2007, SPI introduced its minimal or non-penetrating SkyMount^TM commercial racking system for commercial roof-mounted arrays. SkyMount was most recently used at The STAPLES Center and the Nokia Theatre Live in Los Angeles, enabling the installation of more than 2,500 solar modules in just one week. SPI's Peaq´^TM elevated solar array systems, introduced earlier this month, now provides commercial enterprises with a means to significantly extend the footprint available to them for PV solar arrays in order to meet both financial and energy generation goals, while providing customers protection from heat and inclement weather.

About Solar Power, Inc.:

Founded in 2005, [ Solar Power, Inc. ] is a vertically integrated solar energy solution provider offering the North American residential, commercial and public sector building markets a complete solution through a single brand. Solar Power, Inc. provides turnkey design-build solutions through its Roseville, California headquarters. Yes! Solar, Inc., DBA Yes! Solar Solutions, is a wholly owned subsidiary of Solar Power, Inc. Yes! Solar Solutions offers the U.S. residential and medium to small-sized business market segments turnkey solutions through a single brand. The Yes! Web site can be visited at [ www.yessolarsolutions.com ].

Safe Harbor Statement:

This release contains certain "forward-looking statements" relating to the business of Solar Power, Inc., its subsidiaries and the solar industry, which can be identified by the use of forward looking terminology such as "believes, expects" or similar expressions. The forward looking statements contained in this press release include statements regarding the Company's ability to execute its growth plan and meet revenue and sales estimates, enter into formal long-term supply agreements, and market acceptance of products and services. These statements involve known and unknown risks and uncertainties, including, but are not limited to, general business conditions, managing growth, and political and other business risk. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks and other factors detailed in the Company's reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities law.