ROSEVILLE, Calif.--(BUSINESS WIRE)--SPI Solar (“SPI”) (OTCBB: SOPW) a leading vertically integrated photovoltaic (“PV”) solar developer, today announced that it has been contracted by Twentieth Century Fox Film Corporation to install an additional 230 kilowatts of rooftop photovoltaic solar to the company’s Century City studio complex. The new solar system will utilize the rooftops of soundstages 26 and 29 and complement the 160 kilowatt system completed by SPI in February, 2011. “We are very pleased that Twentieth Century Fox Film Corporation has chosen us to install additional solar for their studio complex,” said Steve Kircher, CEO for SPI Solar. “They have been a great client and partner to work with, and it’s an honor to be invited back for an encore project.”
Initially, SPI designed, engineered and constructed a 160 kW DC photovoltaic system that was a mixture of SPI’s proprietary SkyMount® racking system and traditional racking to be installed atop Fox’s Building 99. The system was completed in February, 2011. The new addition of 230 kilowatts will not only reduce studio operating costs, but also makes an important contribution to the motion picture company’s Global Energy Initiative.
“This addition to our existing system more than doubles our onsite solar electricity generation capabilities and is a significant contribution to our ongoing sustainability initiative,” said Hal Haenal, Senior Vice President of Fox Studio Operations. “We are very pleased with the results of the first system SPI developed for us and are happy to have them back to design and install the second phase of our onsite solar system.”
A case study and photographs of the first system installed by SPI at the Twentieth Century Fox studio complex can be seen at the Company’s web site at: www.spisolar.com.
About SPI Solar (OTCBB: SOPW):
SPI Solar (“SPI”) (Solar Power, Inc.) is a vertically integrated photovoltaic solar developer offering its own brand of high-quality, low-cost distributed generation and utility-scale solar energy facility development services. Through the Company’s close relationship with LDK Solar, SPI extends the reach of its vertical integration from silicon to system. From project development, to project financing and to post-construction asset management, SPI delivers turnkey world-class photovoltaic solar energy facilities to its business, government and utility customers. For additional information visit: www.spisolar.com.
Safe Harbor Statement:
This release contains certain “forward-looking statements” relating to the business of Solar Power, Inc., its subsidiaries and the solar industry, which can be identified by the use of forward looking terminology such as “believes, expects” or similar expressions. The forward looking statements contained in this press release include statements regarding the Company’s ability to execute its growth plan and meet revenue and sales estimates, enter into formal long-term supply agreements, and market acceptance of products and services. These statements involve known and unknown risks and uncertainties, including, but are not limited to, general business conditions, managing growth, and political and other business risk. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks and other factors detailed in the Company's reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities law.
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