More Power-Generating Roofs Installed on San Diego Schools in Project by Solar Integrated and GE Energy Financial Services

London, UK, and San Diego, California, August 8, 2006 – Solar Integrated Technologies, Inc. (AIM: SIT.LN), a leading provider of building integrated photovoltaic (BIPV) roofing systems, announced today that it has completed the installation of solar panels doubling as roofs on three additional schools in San Diego, California.  A total of 22 schools now have solar roofs manufactured, constructed and installed by Solar Integrated since the program with GE Energy Financial Services began in April 2005. 

“With the completion of these three additional San Diego schools, we have received net funding of $4.7 million from GE Energy Financial Services,” commented R. Randall MacEwen, Interim Chief Executive Officer of Solar Integrated.  “As we continue to evaluate strategic alternatives to enhance shareholder value, including financing alternatives, this $4.7 million in funding supports our near-term working capital requirements.”

GE Energy Financial Services has the right of first refusal on up to $500 million to fund Solar Integrated solar roofing projects, $30 million of which has been exercised to date.  Additional details of the financial arrangements were not disclosed.

About GE Energy Financial Services
GE Energy Financial Services’ 300 experts invest globally with a long-term view, across the capital spectrum and the energy and water industries, to help their customers and GE grow. With $13 billion in assets, GE Energy Financial Services, based in Stamford, Connecticut, invests more than $3 billion annually in two of the world’s most capital-intensive industries, energy and water. More information:  www.geenergyfinancialservices.com.

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 the company's Web site at www.ge.com.

About Solar Integrated
Solar Integrated Technologies, Inc. (SIT: AIM.LN) is a Los Angeles-based company that designs, manufactures and installs building integrated photovoltaic, or BIPV, roofing systems for customers with non-residential buildings that have flat or low-slope rooftops.  We believe we were the first company in North America to commercially market and sell an innovative and proprietary BIPV roofing system that combines flexible thin-film solar modules with a single-ply roofing membrane for the non-residential building market.  Our BIPV roofing system enables our customers to transform a traditional rooftop into a value-generating asset.  Our customers include Coca-Cola Enterprises, Frito-Lay, Honeywell, San Diego Unified School District and Wal-Mart.  For more information, please visit www.solarintegrated.com.

For more information, please contact:

Company Contacts:
Solar Integrated Technologies, Inc.                              Solar Integrated Technologies, Inc.
R. Randall MacEwen                                                    John M. Palumbo
Interim Chief Executive Officer                                     Chief Financial Officer
Los Angeles, California, USA                                       Los Angeles, California, USA
+1.323.231.0411                                                         +1.323.231.0411

Media Contacts:
Gavin Anderson & Company                                       
Ken Cronin or Deborah Walter                                     
London, UK                                                                
+44.20.7554.1400                                                      

 

GE Energy Financial Services

Andy Katell
Stamford, Connecticut, USA
+1.203.961.5773