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, June 29, 2006 – Expanding its innovative solar roof investment program, Solar Integrated Technologies, Inc. (AIM: SIT.LN), a leading provider of building integrated photovoltaic roofing systems, announced today that it has completed the installation of solar panels doubling as roofs on five additional schools in San Diego.  A total of 19 schools now have solar roofs manufactured, constructed and installed by Solar Integrated since the program with GE Energy Financial Services began in April 2005.
 
“Through our relationship with GE Energy Financial Services, we offer qualified customers an innovative structured finance option that allows them to effectively spread the cost of our roofing solution over a 20-year period with no or minimal upfront capital expenditure,” commented Jon W. Slangerup, Chief Executive Officer of Solar Integrated.  “This model expands our addressable market today by allowing us to offer a value proposition to customers that have limited capital budgets or are not otherwise able to take advantage of the various solar tax incentives available.”

“Solar Integrated’s product and financing approach have proven to be very attractive to us,” stated William Dos Santos, Director of Maintenance and Operations of San Diego City Schools.  “While our pursuit was and is, reliable and predictably priced electricity produced off of the grid, we have netted a significant bonus by obtaining quality replacement roofs at zero or significantly below market cost.  This has allowed us to deploy our limited funding assets into other facilities-related projects for the betterment of the classroom providing an improved environment for teaching and learning.  Another benefit of producing clean solar power at school sites is the significant opportunity to educate our students in energy conservation.  For these 19 sites, the Solar Integrated BIPV roofing solutions are expected to provide the lion’s share of our peak power needs, and provide an effective hedge against expected increases in utility rates over the next 20 years.”

The new roofs are on Challenger Junior High School, Bethune Elementary School, Hale Junior High School, Mira Mesa High School and Wilson Middle School.  Solar roofs were installed earlier on the Education Center, Jackson Elementary, Juarez Elementary, King Elementary School, Lewis Junior High, Lindbergh Schweitzer East Campus, Mason Elementary, Serra High School, Supply Center Warehouse, Instructional Media Center, Sequoia Elementary School, Whittier Elementary, Wiggins Elementary and Zamorano Elementary School.
GE Energy Financial Services has the right of first refusal on up to $500 million to fund Solar Integrated solar roofing projects, $25 million of which has been exercised to date.  Additional details of the financial arrangements were not disclosed.

About GE
GE Energy Financial Services, based in Stamford, CT USA, with European operations based in London, invested $3 billion during 2005 in the world’s most capital-intensive industry, energy. With more than $12 billion in assets, GE 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. Energy Financial Services has developed a strong record investing in solar, biomass, hydro, wind and geothermal power, and is growing its portfolio of $1 billion in renewable energy assets. For more information, visit www.geenergyfinancialservices.com.

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 flat or low-slope rooftops.  We are 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 list of blue-chip customers includes Coca-Cola, Frito-Lay, Honeywell, ProLogis, San Diego Unified School District, Toyota and Wal-Mart. 

About Toyota Motor Sales
Toyota Motor Sales, U.S.A. (TMS) Inc. is the sales, marketing, distribution and customer service arm of Toyota, Lexus and Scion in the United States, marketing products and services through a network of 1,408 Toyota and Lexus dealers in 49 states.  Established October 31, 1957, TMS and its subsidiaries are also involved in logistics, motorsports, R&D and general aviation. Toyota is the third-largest vehicle manufacturer in the world and the fourth-largest automaker in the United States. For more information please visit http://www.toyota.com

This release includes forward-looking statements which are based on certain assumptions and reflect management’s current expectations as contemplated under the Safe Harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.  These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations.  Some of these factors include:  uncertainty as to whether our strategies, partnerships and business plans will yield the expected benefits; general global economic conditions; general industry and market conditions and growth rates; increasing competition; the ability to identify, develop and achieve commercial success for new products, services and technologies; changes in technology; changes in laws and regulations, including government incentive programs; intellectual property rights; our ability to secure and maintain strategic relationships, including key supply relationships; the availability and cost of capital; the availability of, and our ability to retain, key personnel; and the failure of the Company to effectively integrate acquisitions.  Additional factors are discussed in our public disclosure materials from time to time.  We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


For more information, please contact:

Company Contacts:

Solar Integrated Technologies, Inc.                              Solar Integrated Technologies, Inc.
R. Randall MacEwen                                                    John M. Palumbo
Executive Vice President, Corporate Development      Chief Financial Officer
Los Angeles, California, USA                                        Los Angeles, California, USA
+1.323.231.0411                                                         +1.323.231.0411

Toyota Motor Sales, USA, Inc.
Cindy Knight
Toyota Environmental Communications
+1.310.468.2170
cindy_knight@toyota.com

Media Contacts:
Gavin Anderson & Company                                        Solar Integrated Technologies, Inc.
Ken Cronin or Deborah Walter                                     Dona Garcia
London, UK                                                                  Los Angeles, California, USA
+44.20.7554.1400                                                       +1.323.231.0411

GE Energy Financial Services
Andy Katell
Stamford, Connecticut, USA
+1.203.961.5773