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TheStreet Open House

SPI Solar Appoints New Chief Financial Officer

Stock quotes in this article: SOPW

SPI Solar (“SPI”) ( OTCBB: SOPW) a leading vertically integrated photovoltaic (“PV”) solar developer, today announced that it has appointed Mr. James Pekarsky as the Company’s Chief Financial Officer. Mr. Pekarsky is an experienced executive who brings extensive financial and operational expertise from public and private high-tech companies, including MoSys, Virage Logic, Mentor Graphics and Bio Rad. His background includes substantial international business experience, acquisitions, venture capital and bank fund raising, and IPOs. “I’m pleased to be joining SPI,” said Mr. Pekarsky. “Solar is one of the fastest growing business segments in the global economy, and I believe SPI is positioned to become an industry leading solar development company. I look forward to playing a part in helping SPI establish that leadership.”

“We are very happy to have Jim as a member of our senior management team,” said Mr. Stephen Kircher, CEO for SPI. “We are entering a very important time in our company’s evolution as we transition into a truly global company, and Jim brings the right combination of skills and experience to SPI at exactly the right time.”

About Solar Power, Inc. ( OTCBB: SOPW ):

Solar Power, Inc. (“SPI”) 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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