SOURCE: TGI Solar Power Group Inc

February 18, 2010 09:32 ET

TGI Signs Memorandum of Understanding With e2/Energy Solutions

RED BANK, NJ--(Marketwire - February 18, 2010) -  TGI Solar (PINKSHEETS: TSPG), provider of solar and other clean technology products and solutions, announced today that it has signed a Memorandum of Understanding with e2/Energy Solutions, LLC (e2), regional Northeastern US integrator in commercial solar energy, lighting & HVAC installations.

"We are very excited to establish a partnership with a major regional provider of the solar energy business," said Henry Val, CEO of TGI Solar. TGI and e2 are exploring the formation of a joint venture to design, develop and execute solar and other green energy projects.

"This partnership will ensure that e2 can continue to expand," said Paul Udowychenko, President of e2. "To evolve from a regional to a national company and beyond, while still ensuring strong integrity and customer satisfaction, we will now be offering complete financial solutions. The funding will provide capital for solar and other renewable energy projects on a global capacity."

About e2/Energy Solutions, LLC.: e2/Energy Solutions, LLC (www.e2ecta.com) is a full-service provider in commercial solar energy, lighting & HVAC installations, leveraging the best people, products, and procedures to achieve energy independence. 

About TGI SOLAR POWER GROUP INC.: TGI Solar (TSPG) (www.tgisolar.com) is a provider of solar and other alternative energy products and solutions. The firm provides facility and process design and integration know-how with its equipment. The Company offers its products and services to clients on a worldwide basis and currently maintains JVs in Hong Kong and subsidiary in Italy with solar installation, integration and energy consulting firms.

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.

Contact Information