SOURCE: TGI Solar Power Group

TGI Solar  Power Group

February 26, 2010 12:41 ET

TGI Signs Memorandum With Ekoplaz to Acquire Waste to Energy Technology for $3MM

RED BANK, NJ--(Marketwire - February 26, 2010) - TGI Solar (PINKSHEETS: TSPG), provider of solar and other clean technology products and solutions, announced today that they have signed a Deal Memorandum with Ekoplaz, a waste management Ukrainian company with technology based on using the effect of high-frequency disruption in electromagnetic microwave field.

Under the Agreement, TGI will have the exclusive right to use Ekoplaz technology in North America, South America, and European Union. TGI plans to cover the $3Million payment by issuing $3 mm of short term convertible notes. TGI plans to build its first facility in the Ukraine and plans to identify location and apply for necessary permits before the summer.

About Ekoplaz: Ekoplaz, a Ukraine-based company, developed the technology based on using the effect of high-frequency disruption in electromagnetic microwave field. High field intensity provides air ionization in location of disruption with release of high temperature. Special configuration of air ionization chamber on condition that the supply of the middle and large microwave capacity provides the initiation of stable plasma flame at output of plasmatron nozzle. Process significant advantages include: pesticides utilization or domestic industrial waste burning occurs in continuous operation. A plant can be implemented both in mobile and stationary performances.

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.

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