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Solar Integrated Wins U.S. $4.4 Million Roofing Follow-On Contract For Tesco USA Distribution Center
Total Project Now Worth $17.4 Million
London, UK, and Los Angeles, California, May 17, 2007 – Solar Integrated Technologies, Inc. (AIM:SIT.LN), a Los Angeles-based provider of building integrated photovoltaic (BIPV) roofing systems, announced today that it has won a $4.4 million contract from The Facility Group, a totally integrated planning, design and construction firm, to install high-quality, energy-efficient roofing systems for three buildings at Tesco USA’s (known as Fresh & Easy Neighborhood Markets) distribution center, which is currently under construction in Riverside, California. This contract follows Solar Integrated’s announcement on January 19, 2007 that it had won a $13 million contract from Fresh & Easy Neighborhood Markets for a 2 MW BIPV roofing system to be installed at the distribution center. The distribution center will serve Fresh & Easy Neighborhood Market’s chain of grocery stores that it plans to open in the Las Vegas area, Phoenix, Los Angeles and San Diego. The project is expected to be completed in 2007.
“We are very pleased to be working with The Facility Group, an internationally recognized leader in large distribution center projects,” stated R. Randall MacEwen, President & CEO of Solar Integrated. “Beyond increasing the total value of our work at the Riverside distribution center to $17.4 million, we were also keen to secure this business given Fresh & Easy Neighborhood Market’s ambitious growth plans in our backyard.”
About Solar Integrated:
Solar Integrated Technologies, Inc. (SIT: AIM.LN) is a Los Angeles-based company that manufactures, designs and installs building integrated photovoltaic (BIPV) roofing systems for non-residential, low-slope rooftops. We are a global leader in the development of an innovative and proprietary BIPV roofing system that combines flexible thin-film solar modules with a single-ply roofing membrane for large-scale commercial and industrial applications. 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, ProLogis, San Diego Unified School District, Tesco, Toyota, U.S. Air Force, U.S. GSA, U.S. Navy, Wal-Mart and Westfield.
About Facility Group:
The Facility Group is a professional service organization providing consulting, program management, architecture, engineering and construction management services in a wide variety of technical and industrial niches as well as across a broad spectrum of government and public sectors. Headquartered in Atlanta, with 11 offices worldwide, the firm employs over 400 professionals. For more information, please visit www.facilitygroup.com or call 1-800-525-2463.
Forward-Looking Statement:
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: the availability and cost of capital; 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; and the availability of, and our ability to retain, key personnel. 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:
Investor Contacts:
Solar Integrated Technologies, Inc. Solar Integrated Technologies, Inc.
R. Randall MacEwen John M. Palumbo
President & Chief Executive Officer Chief Financial Officer
Los Angeles, California, USA Los Angeles, California, USA
+1.562.299.0136 +1.562.299.0121
Media Contacts:
Gavin Anderson & Company
Ken Cronin or Deborah Walter
London, UK
+44.20.7554.1400
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