EVSO Inks Letter of Intent with City of Brookshire, Texas for Solar Project
May 26 2010 - 8:04AM
Business Wire
Evolution Solar (PinkSheets:EVSO) announced today that the
Company has just executed a Letter of Intent (LOI) with the City of
Brookshire, Texas. The LOI memorializes the intent of the City of
Brookshire to enter into an agreement with EVSO for a solar power
lighting demonstration project. Both parties have agreed to use
their best efforts to complete a definitive agreement for the
project in the next 60 days.
The solar power lighting demonstration project is a step for
Brookshire in the direction toward green initiatives. According to
the LOI, Brookshire will be responsible for supplying the location
for the project and will allow EVSO access to the project to use as
a demonstration for potential EVSO customers.
Joey Vaughn, the Mayor of Brookshire stated he is "excited to be
taking this first step with Evolution Solar and is looking forward
to working with EVSO on additional initiatives."
Evolution Solar is also constructing a solar demonstration site
in partnership with Texas Southern University, located at the
University’s Houston Campus. Multiple demonstration projects should
help Evolution Solar acquire new business in a sector that is
growing to compete in the energy industry, which includes Trina
Solar (NYSE: TSL), Massey Energy (NYSE: MEE), Hess Corporation
(NYSE: HES) and Enterprise GP (NYSE: EPE).
About Evolution Solar Corporation
Evolution Solar Corporation, (EVSO), commercializes leading edge
alternative solar energy technologies and related photovoltaic
technologies, equipment and next generation appliances. Evolution
Solar is an emerging industry leader capitalizing on its
understanding of solar technology and supporting the development of
alternative energy plans for large corporations and government
organizations. Evolution Solar is also an expert consultant agency
to organizations in their strategic and procurement plans for
alternative energy contracts with public utilities.
For more information, visit http://www.evolutionsolar.com
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
information within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including statements that include the words
"believes," "expects," "anticipate" or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the company to differ materially
from those expressed or implied by such forward-looking statements.
In addition, description of anyone's past success, either financial
or strategic, is no guarantee of future success. This news release
speaks as of the date first set forth above and the company assumes
no responsibility to update the information included herein for
events occurring after the date hereof.
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