SOURCE: AgriSolar Solutions, Inc.

May 25, 2011 08:30 ET

AgriSolar Significantly Increases Production Capacity of Proprietary Solar-Powered Light Source Technology for Insect Elimination Systems

DENVER, CO--(Marketwire - May 25, 2011) - AgriSolar Solutions, Inc. (OTCBB: AGSO), a manufacturer of patented, pesticide-free, solar powered insect elimination systems for use on farms, orchards and vineyards, today announced a significant upgrade to its manufacturing capabilities. Through the installation of high-volume manufacturing equipment at the Company's factory, AgriSolar will be able to meaningfully increase factory output, reduce labor costs and increase its operating margins, while providing better protection of the Company's substantial intellectual property.

This production upgrade will now allow the Company to manufacture 100% of the proprietary insect-attracting light sources within its own facility, whereas in the past only a portion was manufactured in-house. The new manufacturing line will have a capacity of 5,000 units per day.

Charles Liang, CEO of AgriSolar Solutions, commented, "Over the past few months, we have been in the position that demand and backlog has exceeded our ability to produce. This has limited our revenue growth. We are extremely excited to report that the production upgrades we are announcing today will allow us to meaningfully accelerate production, while at the same time enabling improved cost efficiencies. This overall improvement will result in us being able to grow our revenue stream more quickly and increase our margins." He continued, "An added benefit of this upgrade is that moving forward, all of our light sources will be manufactured in-house, which will allow us to better protect our proprietary light source technologies. These manufacturing upgrades represent the achievement of a significant milestone for AgriSolar Solutions."

AgriSolar Solutions estimates that the cost to use the cheapest insecticide available in the marketplace is approximately US$9 per acre per month, and that the cost of herbal or organic insecticides is approximately US$55 per acre per month. In comparison, the Company estimates the cost to use its solar insect killer is substantially lower, approximately US$1 per acre per year. As a result, in addition to being environmentally friendly, users can enjoy significant cost advantages by using the Company's solutions instead of traditional insecticides.

About AgriSolar Solutions, Inc.

AgriSolar Solutions, Inc., a fully reporting company that trades on the U.S. OTCBB under the symbol AGSO, is engaged in the development, production and sale of patented, pesticide-free, solar powered insect elimination systems for use on farms, orchards and vineyards. AgriSolar's goal is to dramatically enhance the quality of food products by providing alternatives to the use of chemicals in the global food chain while at the same time significantly improving the economics of commercial agriculture. To date, over 75,000 of the Company's solar powered insect elimination systems have been installed throughout the world, primarily in China. AgriSolar's manufacturing facility, operated by its subsidiary Shenzhen Fuwaysun Technology Company Limited, a PRC corporation, is located in Shenzhen, People Republic of China ("PRC"). More information about AgriSolar can be found at www.agrisolarsolutions.com

Forward-LookingStatement Notice:

This press release includes "forward-looking statements" as defined by the U.S. Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical fact, included in the press release that address activities, events or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors the Company believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company and may not materialize. Investors are cautioned that any such statements are not guarantees of future performance. The contents of this release should be considered in conjunction with the warnings, risk factors and cautionary statements contained in the Company's recent filings with the SEC, including its Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Furthermore, the Company does not intend, and is not obligated, to update publicly any forward-looking statements, except as required by law.

Contact Information

  • For more information contact:

    Randy J. Sasaki
    303-623-5400
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