SOURCE: EPOD International Inc.

April 12, 2006 10:43 ET

EPOD to Build Five Megawatt Solar Panel Factory

RENO, NV -- (MARKET WIRE) -- April 12, 2006 -- EPOD International Inc. (the "Company", "EPOD") (OTC BB: EPOI) (Frankfurt: EDU.F) announces the Company's intent to construct a five (5) megawatt solar panel manufacturing facility in Kelowna, British Columbia.

Further to EPOD's announcement of January 16th regarding the Company's plans to increase its solar panel manufacturing capacity, EPOD announces the Company intends to construct a solar panel manufacturing facility in Kelowna, B.C. An estimated two megawatts of production capacity is anticipated to be available within six months, with the annual capacity of the plant projected to be five megawatts upon completion.

The addition of solar panel manufacturing capacity will allow EPOD to further vertically integrate its solar power operations, and substantially increase the Company's solar panel output. This manufacturing capacity and increased solar panel output will also enable EPOD to maximize its solar power system sales and integration in the Province of Ontario, where the Ontario Power Authority and the Ontario Energy Board recently announced the creation of the Standard Offer Program (http://www.ontarioelectricityrfp.ca/Docs/OPAOEBpressrelease.pdf), a renewable energy feed-in tariff initiative. The Standard Offer Program will pay EPOD and other solar power generators CAD$0.42 per kilowatt-hour (approximately USD$0.37), under what is anticipated to be a 20-year power purchase agreement. Given the Ontario government's increased support of solar energy through the Standard Offer Program, EPOD intends to aggressively pursue solar system sales in the Ontario market effective immediately.

EPOD Management is also pleased to report that the first week of power sales to the Company's German utility customer was completed successfully.

L. Mark Roseborough
President
EPOD International Inc.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Statements about EPOD's future expectations, including future revenue, earnings, and transactions, as well as all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. EPOD intends that such forward-looking statements be subject to the safe harbors created thereby. These statements involve risks and uncertainties that are detailed from time to time in the Company's filings with the Securities and Exchange Commission, including, but not limited to, the Company's 10-KSB for year ended December 31, 2004 filed on or about March 30, 2005, and incorporated herein by reference.

About EPOD: EPOD International Inc. is a leader in the development of advanced energy management technologies with real-world market applications. The Company's patent-pending 'Energy Pod' technology manages and manipulates electrical energy such that utilization of DC-electric battery power becomes significantly more efficient. EPOD's patent-pending and proprietary technologies are applicable to a wide variety of industries and applications, and are available through licensed OEM's and directly to end-users.

The Company's filings, including current financial reports, can be accessed through the EDGAR database at www.sec.gov.

Contact Information

  • For more information please contact:
    Brett Walker
    Telephone: (604) 669-0600
    Fax: (604) 662-0672