SOURCE: TGI Solar Power Group Inc.

November 20, 2008 11:11 ET

TGI Solar Establishes Solar Power Italy Srl

NEW YORK, NY--(Marketwire - November 20, 2008) - TGI Solar Power Group Inc. (PINKSHEETS: TSPG), a full turnkey supplier of vertically integrated systems for a variety of applications from Solar Parks (solar to grid) to commercial markets, announced today that it established Solar Power Italy Srl to launch a range of solar products and systems for the Italian residential, commercial and solar power plant markets

"The leadership position Italy is taking in Europe in promoting the use of renewable solar power, and the country's demand for solar is expected to grow tremendously," said William Lieberman, president of TGI Solar. "Offering vertical solutions and high quality panels, TGI Solar is poised to assist Italy's businesses and homeowners in maximizing the advantages of this renewable energy resource."

Since the end of 2006, Italy has nearly quadrupled its solar energy capacity to 197 megawatts, enough to power about 100,000 homes, according to the GSE power management agency's website (


TGI Solar (TSPG) is provider of manufacturing equipment and turnkey manufacturing solutions to the photovoltaic (PV) industry. The Company's products and solutions are used for production of solar grade polysilicon, manufacturing of multi-crystalline silicon wafers, production of solar cells and assembly of complete modules. The firm provides facility and process design and integration know-how with its equipment. The Company offers its products and services to PV product manufacturers on a worldwide basis and a substantial percentage of its sales are to customers outside the United States.

Forward-Looking Statements

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1965: Those statements contained herein which are not historical are forward-looking statements, and as such, are subject to risks and uncertainties that could cause actual operating results to materially differ from those contained in the forward-looking statements. Such statements include, but are not limited to, certain delays that are beyond the company's control, with respect to market acceptance of new technologies, or product delays in the testing and evaluation of products, and other risks, as detailed in the company's periodic filings with the Securities and Exchange Commission.

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