EVSO and Solar-Nomics Discuss Possible Joint Venture

Evolution Solar Corp. (Pink Sheets: EVSO) President Robert Hines returned this week from Colorado, where he met with executives from a Denver-based renewable lighting company about a potential joint venture.

Solar-Nomics CEO Malcolm G. Burleson introduced the executives to Hines. Solar-Nomics signed a partnering agreement with Evolution Solar earlier this month. The topic of their discussion was a possible joint venture to provide a hybrid energy solution to the green power needs of a Denver data center. Under the proposed agreement, Evolution Solar could establish an advanced solar array to power the data center during the daytime while Solar-Nomics provides a generator to power the data center after sunset.

“This proposed venture is a perfect example of the sort of projects our partnership with Solar-Nomics is helping us to develop,” Hines said. “The potential joint venture we’ve discussed would really allow us to do what we do best: produce an innovative new solution to real-world power demands.”

Hines said on Tuesday that negotiations would likely resume next week after the Thanksgiving holiday. If an agreement is reached, it would be the first project undertaken by EVSO and Solar-Nomics since the companies entered into their partnership. The agreement stipulates Solar-Nomics assist in the facilitation and construction of future solar energy projects, including using selected student participation from its affiliated solar training program. Evolution Solar, in turn, will provide high-efficiency solar panels for selected future joint projects at reduced or wholesale prices.

Earlier this month, Evolution Solar sent two cutting-edge solar panels to North Carolina as part of the company’s efforts to enhance the green technology curriculum at Barber-Scotia College’s energy institute. That project as well as others should help Evolution Solar acquire new business in a sector that is growing to compete in the energy industry, which includes First Solar (NASDAQ: FSLR), the Southern Company (NYSE: SO), NextEra Energy, Inc. (NYSE: NEE) and Duke Energy Corporation (NYSE: DUK).

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, please 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.

Evolution Solar (CE) (USOTC:EVSO)
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