GreenVolts Continues Momentum With Addition of Technology and Solar Power Veterans

SAN FRANCISCO, CA--(Marketwire - September 4, 2007) - GreenVolts (www.greenvolts.com), a leader in high concentration photovoltaic technology and wholesale distributed energy, today introduced Joseph "Chip" Krauskopf as the company's Chief Operating Officer and Stephen Smith as its Director of Project Operations.

Mr. Krauskopf joins GreenVolts after 23 years at Intel Corporation. He brings extensive business management expertise, a product development discipline and experience in high volume manufacturing to his position at GreenVolts.

Mr. Smith is a solar power veteran having spent time at both PowerLight and SolFocus, and will be tasked with developing and managing project deployments for GreenVolts.

"We are thrilled to welcome Chip and Stephen to GreenVolts," said Bob Cart, founder and CEO of GreenVolts. "Their skill sets and deep breadth of experience will help us better serve customers throughout the entire product development cycle, including eventual system deployment. The addition of their talents and leadership is just the latest in a string of significant milestones for the company this year, most recently a contract with PG&E to build the largest concentrator PV plant in the world."

Prior to GreenVolts, Mr. Krauskopf spent 23 years at Intel where he held numerous senior leadership roles covering all phases of semiconductor product development. During his tenure at Intel, he built and managed teams worldwide, while creating as well as supporting numerous product families. Most recently, Chip drove pre- and post-sales technical support that grew annual revenue for Intel's embedded and communications processors to $1.2 billion. Mr. Krauskopf holds a BS in computer engineering and an MS in electrical engineering from Case Western Reserve University. He has also received six U.S. patents related to design methodology for various semiconductor products.

Mr. Smith comes to GreenVolts after deploying more than 20 MW of turnkey photovoltaic solutions on behalf of clients ranging from Fortune 100 companies to various state and municipal government facilities. He spent seven years managing projects at PowerLight Corporation, and most recently was Director of Field Operations at SolFocus where he led their ISFOC project deployment. Mr. Smith has a degree with a focus on renewable technology from California State University Humboldt and an Advanced Photovoltaics Certificate from Solar Energy International.

About GreenVolts

GreenVolts, Inc., based in San Francisco, was founded in 2005 to deliver solar power at costs competitive with that derived from fossil fuels. The company's breakthrough high concentration photovoltaic technology efficiently integrates tracking and optics into a system that dramatically lowers energy cost. Through low cost and high efficiency the Company can access large markets previously inaccessible to solar. GreenVolts changes the economics of solar energy.

Contact Information: Press Contact: Michael Azzano Cosmo PR for GreenVolts 415/596-1978