Solar Integrated Wins Major Solar Roofing Contract from Toyota
700 kW Distribution Center is World’s Largest BIPV Project Announced to Date
London, UK, June 27, 2006 – Solar Integrated Technologies, Inc. (AIM: SIT.LN), a leading provider of building integrated photovoltaic (BIPV) roofing systems, announced today that it has been awarded a contract by Toyota Motor Sales, USA, Inc. to provide a 700 kW BIPV roofing system for their New York Region parts distribution center located in West Caldwell, New Jersey. The Company believes that this project is the world’s largest BIPV roof installation announced to date.
“We are thrilled to add Toyota Motor Sales to our growing list of environmentally focused blue-chip clients who own or operate large portfolios of Big Box facilities,” commented Jon W. Slangerup, Chief Executive Officer of Solar Integrated. “Toyota’s environmental stewardship is admired throughout the world and we are pleased to be working with them on a solar roofing project of this magnitude. This project demonstrates the scale and affordability of our high-output, low-weight BIPV solution and its ability to transform a rooftop into an asset with a compelling return on investment.”
“Solar Integrated’s BIPV solution is an intriguing new innovation in solar roofing technology,” commented Sanford Smith, Corporate Manager of Real Estate and Facilities for Toyota Motor Sales. “It’s a light-weight, non-invasive roofing system that meets our technical and financial requirements, and supports our corporate objective of improving environmental sustainability. We’re also pleased with Solar Integrated’s responsiveness to all our requirements, and we look forward to evaluating the performance of BIPV for additional facility applications.”
The solar roof for the Toyota parts distribution center is Solar Integrated’s second announced BIPV project in New Jersey in recent weeks. This 700 kW solar project, located in West Caldwell, is the largest size system eligible for New Jersey’s solar program. New Jersey has become a very active market for solar applications due to its solar rebates and other incentive programs including tax exemptions.
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
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
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 +1.213.479.3005
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