GSLO: Industry Leader Calls Solar ‘Fastest Growing Industry in America’

GoSolarUSA (PinkSheets: GSLO) was energized Monday by the remarks of Solar Energy Industries Association (SEIA) President and CEO Rhone Resch, who called the solar energy industry the “fastest growing industry in America.”

Resch's speech at PV America Conference 2011 in Philadelphia highlighted solar PV's tremendous growth in 2010 and its potential for 2011. The conference focused solely on the fastest-growing segment of the solar industry: photovoltaic solar (PV), the technology that converts sunlight to electricity.

878 total megawatts (MW) of PV capacity were installed in 2010, more than doubling 2009 installation totals. The solar industry’s recent expansion has been driven by new federal and state policies, completion of significant utility-scale projects, expansion of new markets and declining manufacturing and installation costs, Resch said.

"Lets be honest, we did not become the fastest growing industry in the U.S. by accident,” Resch said. "Our markets are catalyzed by smart, cost-effective policies that have leveraged brilliant technological innovation and revolutionary business plans by solar companies. As with every energy technology--coal, nuclear, oil and gas--policy is critical.

"Don't forget, just five years ago the U.S. PV market was 72 megawatts,” he said. “This year we will install over 2 gigawatts. We are the fastest growing industry in the U.S., and if we work together to open up markets and drive down our costs, then we will remain the fastest growing industry for years to come.”

U.S. solar revenue has grown from $3.7 billion to more than $6 billion a year, Resch said. That’s a growth rate of 67 percent.

“We are growing faster than wind energy, faster than telecommunications, and, thank goodness, we are even growing faster than the mortgage foreclosure industry!” he said.

SEIA is the national trade association of the solar energy industry, working to support federal policy that reduces barriers and improves market conditions for the U.S. solar energy market. GoSolarUSA is one of the many solar PV companies nationwide poised to benefit from SEIA’s efforts. GSLO is bringing new innovations to the domestic solar energy sector by funding the development of technologies such as the Volt Solar Charger, a battery pack that utilizes solar cells to charge wireless devices using renewable energy sources. It is the only battery pack known to GSLO able to charge Apple’s iPhone 3, iPhone 3GS and iPhone 4 with the same accessory. The initial manufacturing run of the Volt Solar Charger is nearing completion in China.

GoSolarUSA is dedicated to aggressively acquiring, developing and marketing the most promising and potentially profitable technology available. Tech innovations such as the Volt Solar Charger may allow GoSolarUSA to successfully compete in a global marketplace, which includes ReneSola Ltd. (NYSE: SOL), Trina Solar Ltd. (NYSE: TSL), Suntech Power Holdings Co. Ltd. (NYSE: STP) and First Solar Inc. (NASDAQ: FSLR).

About GoSolarUSA, Inc.

GoSolarUSA primarily identifies and develops new solar energy technologies in the United States. We believe this not only creates high-quality jobs in America, but it ensures the quality and availability of our products. GSLO is endeavoring to advance clean American solar technology to compete in an energy industry that includes stalwarts such as First Solar. GoSolarUSA is a US registered and reporting OTCQB market tier company.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “should,” “will,” “plans,” “believes,” “expects,” “aims,” “anticipates” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

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