Sunvalley Solar, Inc. (OTC Bulletin Board: SSOL), a leading provider of solar power technology and solar integration systems, today announced a 1.2-megawatt solar photovoltaic module supplying contract with TianWei SolarFilms. This contract will secure Sunvalley Solar panel supplying for its signed contractual projects in Palm Desert, California, while it also expands TianWei SolarFilms’ presence in USA market.

Dr. James Zhang, President and CEO of Sunvalley Solar Inc, commented, “Sunvalley Solar had a great achievement in supporting farmers in Palm Desert area to reduce their utility cost with solar energy. By now, we’ve already signed ~$5M contracts with farms in Palm Desert area. It is extremely important that we secured the thin-film solar panels supplying with our strategic partner TianWei SolarFilms, with best price and payment term, plus their full technical support and services.”

Lan Tao, Vice President of TianWei SolarFilms, stated, “A key part of TianWei SolarFilms’ strategy is to provide high quality solar modules at superior pricing and terms for Sunvalley Solar Inc, our strategic partner in USA,  not only for its installation projects covered in this contract, but also for its installer partners through Sunvalley’s distribution channels. This contract as well as other agreements under discussion now will serve as the foundation for the strategic relationship between TianWei SolarFilms and Sunvalley Solar Inc.”

The strategic relationship between Sunvalley Solar Inc and TianWei SolarFilms will accelerate TianWei SolarFilms’ U.S. market goals and Sunvalley Solar’s ramping-up in solar system installation and distribution with Thin-Film solar panel.

About Baoding TianWei SolarFilms Co., Ltd

Baoding TianWei SolarFilms Co., Ltd. is a globalized high-tech company, which specializes in designing, manufacturing, selling and installing thin film solar modules and related accessories. Located in the National Renewable Energy & Equipment Industry Base in China, TianWei boasts both an internationally recognized R&D team and an extremely experienced management group. TianWei SolarFilms has invested approximately 1.2 billion RMB for phase 1 of their production plan to reach 50 MW and will have the capacity to reach 500 MW by 2015. To learn more, visit TianWei SolarFilms at http://www.btw-solarfilms.com

About Sunvalley Solar, Inc.

Sunvalley Solar, Inc. is a leading solar system solution provider that offers comprehensive solar energy technology, system design, installation, equipments, and technical support for electrical contractors, builders, homeowners, businesses/commercial buildings, and government entities that assist them in lowering of utility bills, reducing environmental impacts, and increasing energy reliability and independence through solar energy. Located in Los Angeles, California, Sunvalley Solar, Inc. is committed to reducing the world’s carbon foot print from traditional energy sources to make renewable sources such as solar the nation’s mainstream source of power.

To learn more, visit http://www.sunvalleysolarinc.com.

Forward-Looking Statement: The statements in the press release that relate to the Company’s expectations with regard to the future impact on the Company’s results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.

source: prnewswire

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