Contract Win
March 11 2009 - 3:00AM
UK Regulatory
TIDMSIT
RNS Number : 6555O
Solar Integrated Technologies Inc
11 March 2009
SOLAR INTEGRATED ENJOYS CONTINUED SUCCESS SELLING INTO U.S. MILITARY PROJECTS
- Well Positioned for Stimulus Plan -
London, UK and Los Angeles, California, March 11, 2009 - Solar Integrated
Technologies, Inc. (AIM:SIT.LN), a leading provider of building integrated
photovoltaic (BIPV) roofing systems, today announces that it has been awarded
two contracts to supply and install BIPV roofing systems at the U.S. Naval
Station in Guam and the Marine Corps Air Station in Yuma, Arizona.
"Upon completion of Guam and Yuma later this year, we will have our BIPV systems
installed at nine different bases for the U.S. Air Force, Army, Marine Corps and
Navy in a range of different climatic conditions," stated R. Randall MacEwen,
President & CEO of Solar Integrated. "With these reference sites, we are well
positioned to secure new U.S. military solar roofing projects under President
Obama's Stimulus Plan."
Commenting on the Guam project, Mr. MacEwen stated: "We have a differentiated
product that enjoys a competitive advantage for projects in high-wind settings.
In Guam, where America's day begins, the climate is generally hot and humid with
risks of tropical storms and typhoons. Our BIPV product is able to meet the
requirements for a high-integrity and fully-integrated flat solar roofing
solution that can withstand the rigors of the strong Southwest Pacific winds."
Commenting on the Yuma project, Mr. MacEwen stated: "Our BIPV product enjoys an
energy yield advantage in real world conditions, including in high temperatures
and irradiance. Yuma is one of the hottest cities in the United States, with
average July high temperatures of 107 F. According to the Guinness Book of World
Records, Yuma is the sunniest place on earth, averaging more than 11 hours of
sunshine per day."
Timothy L. Kehrli, Director, Government Sales of Solar Integrated, stated: "We
have a 'made in the U.S.A.' solar roofing product that locally generates clean
solar power resulting in reduced peak energy costs and reduced carbon dioxide
emissions. With our growing list of reference projects, we are well positioned
to further penetrate the attractive market segment for U.S. military solar
roofing projects."
Previous Solar Integrated contracts for U.S. military solar roofing projects
include:
* Naval Air Station Patuxent River in Lexington Park, Maryland (2008);
* Fort Huachuca in Cochise County, Arizona (2008);
* Marine Corps Base Hawaii in Kaneohe Bay, Hawaii (2008);
* Naval Air Station North Island in Coronado, California (2007);
* Navy base in the South Pacific (2007); and
* Luke Air Force Base in Arizona (2005 and 2006).
President Obama's Stimulus Plan, known as the American Recovery and Reinvestment
Act, appropriates $5.5 billion for expenditures to construct, repair and make
alterations on federal buildings to increase energy efficiency, including
installing solar energy equipment. The Act also appropriates an additional $100
million for Navy and Marine Corps facilities, and further specifies that funds
are for energy efficiency and alternative energy projects.
About Solar Integrated:
Solar Integrated Technologies, Inc. (SIT: AIM.LN) is a Los Angeles-based company
that manufactures, designs and installs building integrated photovoltaic (BIPV)
roofing systems for commercial rooftops. Our BIPV roofing systems enable our
customers to transform a rooftop into a value-generating asset. Our customers
include Audi, Carrefour, Coca-Cola Enterprises, Frito-Lay, Honeywell, IKEA,
Johnson Controls, Metro, ProLogis, San Diego Unified School District, Tesco,
Toyota, Unibail-Rodamco, U.S. Air Force, U.S. GSA, U.S. Marine Corps, U.S. Navy
and Westfield. For more information, please visit www.solarintegrated.com.
For more information, please contact:
Solar Integrated Investor Contacts:
+----------------------------------------+----------------------------------------+
| Solar Integrated Technologies, Inc | Solar Integrated Technologies, Inc |
| R. Randall MacEwen | Jim Balas |
| President & Chief Executive Officer | Interim Chief Financial Officer |
| Los Angeles, California, USA | Los Angeles, California, USA |
| +1.562.299.0136 | +1.562.299.0119 |
+----------------------------------------+----------------------------------------+
| | |
+----------------------------------------+----------------------------------------+
| Nomura Code Securities Limited | Mirabaud Securities Limited |
| Nominated Adviser and Joint-Broker | Joint-Broker |
| Juliet Thompson or Chris Golden | Peter Krens or Kim Richardson |
| +44.20.7776.1200 | +44.20.7878.3362 |
+----------------------------------------+----------------------------------------+
| | |
+----------------------------------------+----------------------------------------+
Solar Integrated Media Contacts:
Pelham Public Relations
Chelsea Hayes / Robert Koh
London, UK
+44 207 743 6675
Thinking Integrated. Building Integrated.
* * * * * * * * * * * * * * * * * * * * * * * * * * *
This information is provided by RNS
The company news service from the London Stock Exchange
END
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