SOURCE: Solar EnerTech Corp.

November 29, 2007 10:16 ET

Solar EnerTech Announces Reporting Period for Fourth Quarter and Full Year 2007 Financial Results

MENLO PARK, CA--(Marketwire - November 29, 2007) - Solar EnerTech Corp. (OTCBB: SOEN) (the "Company") today announced that the Company plans to release its fourth quarter and full year 2007 financial results for the period ending September 30, 2007, during the week of December 24, 2007.

As a non-accelerated filer, the Company has up to 90 days to report its financial results for the 2007 fourth quarter and fiscal year ending September 30, 2007.

About Solar EnerTech Corp.

Solar EnerTech is a photovoltaic ("PV") solar energy cell manufacturing enterprise based in Shanghai, China, where the Company has established a sophisticated 42,000-square foot manufacturing plant in Shanghai's Jinqiao Modern Technology Park. Currently, the facility is capable of producing 25Mw of solar cells from its existing production line and the company has plans to install a second 25 Mw production line to better utilize the capacity of the plant and to meet expected future customer demand.

Solar EnerTech has also established a Joint R&D Lab at Shanghai University to research and develop higher efficiency cells and to put the results of that research to use immediately in its manufacturing processes. Led by one of the industry's top scientists, the Company expects its R&D program to help bring Solar EnerTech to the forefront of advanced solar technology research and production. The Company has also established a marketing, purchasing and distribution arm in Northern California's Silicon Valley.

Safe Harbor Statement

Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond our control that could cause actual events and results to differ materially from these statements. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which are relevant as of the date of the given press release and should not be relied upon as of any subsequent date. Solar EnerTech undertakes no obligation to update publicly any forward-looking statements.

Contact Information

    Bill Zima or Ashley Ammon MacFarlane
    ICR Inc.
    203-682-8200 (Investor Relations)