SOLAR INTEGRATED TECHNOLOGIES RECEIVES $9.5 MILLION FROM GE COMMERCIAL FINANCE ENERGY FINANCIAL SERVICES FOR INITIAL FUNDING FOR SOLAR SCHOOL PROJECT

May 16, 2005 – Los Angeles - Solar Integrated Technologies, Inc. (London AIM: SIT.LN), a leading provider of building integrated photovoltaic (BIPV) roofing systems, announced today that GE Commercial Finance Energy Financial Services has funded the first phase of an initial investment in Solar Integrated’s San Diego City Schools (SDCS) project. The first phase of funding was approximately $9.5 million, resulting from the completion of ten SDCS solar roofing projects totaling more than one megawatt of solar power capacity. Four remaining SDCS campuses expected to be completed and funded in June 2005. 

“Following the recent announcement about our groundbreaking relationship with GE Commercial Finance Energy Financial Services, it is gratifying to quickly begin realizing the benefits of this powerful strategic alignment between our companies,” commented Jon Slangerup, CEO of Solar Integrated. “The ability of our team to rapidly execute projects and deliver promised results to our partners and shareholders bodes well for Solar Integrated’s performance going forward.”   

The innovative collaboration between Solar Integrated Technologies and GE Commercial Finance Energy Financial Services provides roofs that generate solar electricity for the San Diego schools. Following an initial investment of approximately $17 million for the SDCS projects, GE Commercial Finance Energy Financial Services has the right of first refusal on up to $500 million to fund existing and prospective solar roofing projects as they come from Solar Integrated.

About Solar Integrated Technologies

Solar Integrated Technologies is a global leader in the manufacture and development of BIPV systems for commercial roofing and mobile power applications enabling the production of reliable, renewable and economic electrical power. Customers include Coca-Cola Enterprises, Frito-Lay, San Diego City Schools and other municipal and blue chip companies. For more information, visit www.solarintegrated.com.

About GE Commercial Finance Energy Financial Services

GE Commercial Finance Energy Financial Services, based in Stamford, Connecticut, invests about $3 billion annually in the world’s most capital-intensive industry, energy. With more than $11 billion in assets, GE Commercial Finance Energy Financial Services offers structured equity, leveraged leasing, partnerships, project finance and broad-based commercial finance to the global energy industry from wellhead to wall socket. For more information, visit www.geenergyfinancialservices.com.

About GE Commercial Finance

GE Commercial Finance, the parent company of GE Commercial Finance Energy Financial Services, offers businesses around the globe an array of financial products and services, has assets of over $230 billion and is headquartered in Stamford, Connecticut, USA.

About GE

GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world’s toughest problems.  With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit www.ge.com.

Forward-Looking Statements

This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Securities Litigation Reform Act of 1995.  Actual results may differ materially from those projected as a result of certain risks and uncertainties.

Contacts:

Solar Integrated Technologies

Jon Slangerup Los Angeles +1 323 231 0411

Gavin Anderson & Company

Ken Cronin or Deborah WalterLondon (0)20 7554 1400