Solar Integrated Awarded The Wall Street Journal's 2005 Technology and Innovation Award For Energy And Power

Los Angeles, California, October 24, 2005 – Solar Integrated Technologies, Inc. (AIM:  SIT.LN), a leading provider of building integrated photovoltaic (BIPV) roofing systems for commercial and industrial applications, today announced that it has been awarded The Wall Street Journal’s 2005 Technology and Innovation Award.  Solar Integrated, one of twelve winning companies representing industrial sectors ranging from biotechnology to software, won the Award for the Energy and Power Industry category.

“We are extremely pleased to have our innovative market and technology approach recognized by this prestigious award,” commented Jon W. Slangerup, Chief Executive Officer of Solar Integrated.  “To be selected out of approximately 750 applicants is a powerful validation of our business model and a tribute to the innovation and commitment of our employees.”

Entries are judged on two main criteria:  does the innovation represent a breakthrough from conventional ideas or methods in its field, and does it go beyond incremental improvements on technologies that already exist?  Some judges also considered the utility of the innovation.

In addition to providing its customers with premium, high efficiency roofing systems that meet their roofing requirements, Solar Integrated’s BIPV systems also offer its customers a suite of financial attributes that allow them to convert a depreciating asset into an investment with a series of accelerated cash flows, providing an attractive payback or a positive net present value.  These financial attributes include or may include:

• onsite and renewable distributed power generation that partially meets the long-term power requirements of the Company’s customers with a secure, defined and controllable cost;
• in certain jurisdictions, the generated power may be sold to the grid or credited by the local utility on a net metering basis;
• national, regional and local incentives and subsidies, such as tax credits, rebates, feed-in tariffs, accelerated depreciation and renewable energy credits; and
• in certain circumstances, the elimination of upfront capital costs in favor of long-term energy payments based on the power generated by the Company’s installed BIPV roofing system.

About Solar Integrated

Solar Integrated Technologies, Inc. (AIM:  SIT.LN) is a leader in the manufacture and development of building integrated photovoltaic (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, Prologis, San Diego Unified School District, Wal-Mart and other municipal and blue chip companies. 

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:  difficulties in raising additional capital on terms that are acceptable to the Company; the risk that our bridge lender chooses to retain its current debt instrument rather than rolling it into a subsequent financing; difficulties in closing a new credit facility with another financial institution, including on a timely basis; general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; 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 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:

Solar Integrated Technologies, Inc.
R. Randall MacEwen  Executive Vice President, Corporate Development   Los Angeles, California  +1 323 231 0411	Frederik W. Mowinckel Chief Operating Officer – Europe London, UK +44 20 7153 3500
Gavin Anderson & Company
Ken Cronin/Deborah Walter UK    +44 20 7554 1400