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Home» Market Movers & Losers » Evolution Solar Corp. (OTC: EVCO): Signs Partnering Agreement

Evolution Solar Corp. (OTC: EVCO): Signs Partnering Agreement

Posted on November 12, 2010 by PennyStockHaven in Market Movers & Losers - No Comments

EVSO Signs Partnering Agreement with Solar-Nomics

Business Wire    “Press Releases – English “
THE WOODLANDS, Texas –(BUSINESS WIRE)– Evolution Solar Corp. (PinkSheets: EVSO) announced today that the company signed partnering agreement with Denver -based solar energy services company Solar-Nomics.

Both companies have been negotiating the partnership since October. Evolution Solar President Robert Hines said on Thursday that the alliance with Solar-Nomics will significantly expand EVSOs market position.

Our partnership with Solar-Nomics is going to drastically increase the number and scope of solar energy projects that EVSO is able to undertake,? Hines said. They have the expertise and experience necessary to perform analysis and feasibility studies on practically any solar energy project in the country. With Solar-Nomics help, the scope of our mission will essentially be limited only by our imagination.?

Solar-Nomics delivers solar energy solutions such as solar PV, solar thermal and renewable energy generation to commercial businesses and government entities in the U.S. and abroad. As part of the companys agreement with Evolution Solar , Solar-Nomics will assist in the facilitation and construction of future solar energy projects, including using selected student participation from its affiliated solar training program.

Solar-Nomics CEO Malcolm G. Burleson said Thursday that the partnering agreement would afford his company the opportunity to better offer full service and value to solar clients.

This partnership will bring the creativity and ingenuity of Evolution Solar together with the know-how and experience of Solar-Nomics,? said Malcolm G. Burleson , Solar-Nomics CEO. It will allow us to implement a full 360-degree value proposition for our customers, and were very excited about the new opportunities that will make possible.?

To fulfill its end of the partnering agreement, Evolution Solar will provide high-efficiency solar panels for selected future joint projects at reduced or wholesale prices. Earlier this month, Evolution Solar sent two cutting-edge solar panels to North Carolina as part of the companys efforts to enhance the green technology curriculum at Barber-Scotia Colleges energy institute. In October, the company partnered with Texas Southern University in Houston to install eight AmpleSun thin-film photovoltaic panels on the to serve as a cornerstone of the new TSU Green Technology Center . The project was EVSOs first array featuring the AmpleSun panels in the U.S. These projects are intended to help Evolution Solar acquire new business in a sector that is growing to compete in the energy industry, which includes First Solar (NASDAQ: FSLR), Exxon Mobile Corp. (NYSE:XOM), Royal Dutch Shell (NYSE:RDS-B) and Total S.A. (NYSE:TOT).

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