EVSO: Barclays Turns Bullish on Solar Stocks and Increases 2011 Solar Demand Estimates

Evolution Solar (Pink Sheets: EVSO): Barclays raised its outlook for solar stocks broadly Wednesday saying current discounting of stocks are off from their estimate of true demand outlook. Barclays is estimating solar demand for 2011 to be 16 gigawatts, up from the current industry consensus of 13.7 gigawatts. Barclays further stated that their expectations are for the solar industry to grow at a pace of 20% annually.

Barclays stated that they expect "greater supply of low cost solar panels, improving profitability of downstream players, additional cost reduction potential of low cost supply and 'rush' to complete installations ahead of subsidy cuts to drive demand upsides over the next few quarters."

“We are also optimistic regarding solar demand in the coming year,” said Robert Hines, President of Evolution Solar. “Our solar demonstration projects are beginning to come to fruition and we are positioning Evolution Solar to benefit from increased future business in the solar energy sector.”

Evolution Solar is currently building a solar demonstration site in partnership with Texas Southern University, to be located at the University's Houston Campus. Evolution Solar has recently completed construction on a solar demonstration project in the City of Brookshire, Texas. These projects should help Evolution Solar acquire new business in a sector that is growing to compete in the energy industry, which includes BP (NYSE: BP), Duke Energy (NYSE: DUK), Penn West Energy (NYSE: PWE) and Occidental Petroleum (NYSE: OXY).

About Evolution Solar Corporation

Evolution Solar Corporation, (EVSO), commercializes leading edge alternative solar energy technologies and related photovoltaic technologies, equipment and next generation appliances. Evolution Solar is an emerging industry leader capitalizing on its understanding of solar technology and supporting the development of alternative energy plans for large corporations and government organizations. Evolution Solar is also an expert consultant agency to organizations in their strategic and procurement plans for alternative energy contracts with public utilities.

For more information, visit http://www.evolutionsolar.com.

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 "believes," "expects," "anticipate" 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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