CHIEF EXECUTIVE APPOINTMENT & TRADING STATEMENT

January, 21 2005- Solar Integrated Technologies, Inc. (Solar Integrated) announces the appointment of Jon W. Slangerup as Chief Executive Officer effective 1 February 2005 and provides an update on trading for the year ended 31 December 2004. 

Mr. Slangerup was previously President and Chief Executive Officer of Stuart Energy Systems Corporation.  Stuart Energy, listed in Toronto (TSX:HHO), is the global leader in providing hydrogen infrastructure products to the transportation, power generation and industrial markets, and was acquired earlier this month by Hydrogenics Corporation (NASDAQ:HYGS).  During Mr. Slangerup’s three years as CEO, the Company’s sales increased by approximately 360 percent, reporting record growth for the last seven successive quarters and increasing HHO’s stock price from approximately $2.20 to $4.10 during the past seven months.  Prior to Stuart Energy, Mr. Slangerup was President of FedEx Canada Limited for seven years, a subsidiary of FedEx Corporation, where he enjoyed a distinguished 20-year management career with the leading international courier services company.

Ed Stevenson, who currently holds the position of Chief Executive Officer, and Bruce Khouri, currently Chief Operating Officer, will become joint Vice Chairmen of the Company on 1 February 2005.  Both are co-founders of Solar Integrated and will retain full time roles in corporate and business development going forward, with responsibility for building strategic partnerships, driving the Company’s expansion across Europe and developing relationships with existing and prospective clients worldwide.

Significant progress has been made by the Company since its IPO on AIM in May 2004 and the Board of Directors, including its new Chief Executive, feels that Solar Integrated is ideally positioned to leverage and monetise its proven technology and rapidly growing customer base during 2005.  Trading for the full year to 31 December 2004 has been robust, with 27 projects delivered or substantially completed for a number of major clients, including Frito-Lay, Coca Cola and San Diego Unified School District.  The Company’s order book is currently valued at approximately $57 million in order backlog, including 15 projects currently in progress.  Solar Integrated continues its advanced discussions with several parties regarding a lease financing structure, and is expected to make a definitive announcement during the current fiscal quarter. 

In line with the new CEO’s focus on best practice, Solar Integrated will follow a more conservative approach to revenue recognition, consistent with stricter standards of accounting being voluntarily adopted by listed companies throughout Europe and North America.  In this regard, the Company will only recognise revenue based upon installations that are complete in all regards, rather than attributing an element of profit to the work in progress where the installations are substantially finished but awaiting final completion, even through such revenue recognition is acceptable accounting treatment under IAS.  This more conservative fiscal approach is consistent with the Company’s commitment to discipline in all aspects of its business. 

The Company is currently working to complete its audited financial results for 2004 and will report its results for the year ended 31 December 2004 in late March 2005.  Although its audited financials are not yet available, Solar Integrated’s commitment to engage more conservative accounting practices will mean that the Market’s expectations for revenues and profits for this period will not be met and that the 2004 balance sheet will carry a significant level of work in progress which the Company expects to recognise as sales during early 2005.  Given that this change in revenue recognition is a timing difference, the Company has sufficient cash resources on hand for ongoing business operations.  

Consistent with Solar Integrated’s new role as a listed Company and a desire to increase the visibility of the Company’s market opportunity and performance, the CEO will conduct quarterly investor meetings to communicate ongoing financial and operating results of the Company’s business activities beginning in 2005. 

Commenting on the announcement, Chairman David Potter said:

“I am delighted that Jon Slangerup is joining the Company.  His track record in the energy technology sector at Stuart Energy and his experience with managing very rapid growth at FedEx will be extremely valuable to Solar Integrated, as will his best practice approach to sales, operations and financial management.  It is a credit to Ed Stevenson and Bruce Khouri, as founders of the business, that they have identified the need to add professional quoted company management skills to their own depth of knowledge in the roofing and commercial solar PV field.  The strengthened management team will provide the Company with an extremely strong platform for growth as we expand across North America and into Europe.”

Jon Slangerup added:

“Solar Integrated has market leading technology, proven commercial products, a robust order book and an extensive customer base.  I am very excited to be joining the Company at this early stage of its development and am impressed with the Board’s commitment to creating excellence in every aspect of our business.  I am confident that, as a team, we can build on our tremendous market momentum and develop the Company into a world leader in the renewable power sector.”

For more information, contact:

Solar Integrated Technologies
David Potter  Jon Slangerup	(44) (0)7711 450391 (001) 213 300 0305
KBC Peel Hunt Ltd Adam Hart	(44) (0)20 7418 8900
Gavin Anderson & Company Ken Cronin / Deborah Walter	(44) (0)20 7554 1400

Notes to Editors

Solar Integrated Technologies is a leading provider of energy efficient roofing systems using world-class solar technology.  The Company designs, manufactures and installs proprietary photovoltaic systems for commercial roofing and mobile power applications, enabling the production of reliable, renewable and affordable electrical power.  Customers include Coca Cola Bottling, Frito-Lay, San Diego City Schools and other municipal and blue chip references.

Solar Integrated is headquartered in Los Angeles, California and is listed on AIM (SIT.LN). 

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  In some cases you can identify forward-looking statements by terms such as "may," "intend," "might," "will," "should," "could," "would," "expect, "believe,"  "estimate," "anticipate," "predict," "project," "potential,"or the negative of these terms, and similar expressions intended to identify forward-looking statements.  Investors should not place undue reliance on the forward-looking statements contained in this news release.  Forward-looking statements are based on assumptions and estimates and are subject to risks and uncertainties.  Important factors that could cause actual results to differ materially from those identified in the forward-looking statements in this news release include: changes in general economic and political conditions, interest rates and currency exchange rates; market factors, including competitive pressures and changes in pricing policies; changes in interpretations of existing legislation or the adoption of new legislation; loss of major customers; the occurrence of litigation or claims; natural and manmade disasters, including acts of terrorism or war; and other factors described in the "Risk Factors" sections of the Company's AIM Admission Document dated 7 May 2004.  Each forward-looking statement speaks only as of the date on which it is made, and except as required by law, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.