SOURCE: TGI Solar Power Group Inc.

TGI Solar Power Group Inc.

August 19, 2009 09:34 ET

TGI Solar Enters Into Strategic Alliance With Prime Solar srl

RED BANK, NJ--(Marketwire - August 19, 2009) - TGI Solar Power Group (PINKSHEETS: TSPG), a full turnkey supplier of vertically integrated systems for a variety of applications from Solar Parks (solar to grid) to commercial markets, announced today that it has entered into Strategic Alliance Agreement with Prime Solar srl of Italy.

"We are very pleased to be working with TGI Solar Power Group," said Raoul Derito, VP of Operations for Prime Solar. "We are looking forward to supporting TGI's existing projects, as well as working to identify new opportunities in sustainable energy. Green Energy is the future, with the rising cost of energy globally, and we are excited to jointly develop and commercialize promising renewable energy technologies around the world."

Prime Solar srl (www.primesolar.com) is a licensed and insured Italian Solar Energy Contractor and Solar General Building Contractor. We specialize in the creation and installation of custom-designed residential and commercial solar electric power, solar heating, and wind energy systems. By handling the job from the solar system design all the way through to the installation and final inspection of the system, we bring continuity through our turnkey approach.

About TGI SOLAR POWER GROUP INC.

TGI Solar (TSPG) is provider of manufacturing equipment and turnkey manufacturing solutions to the photovoltaic (PV) industry. The Company's products and solutions are used for production of solar grade polysilicon , manufacturing of multicrystalline silicon wafers, production of solar cells and assembly of complete modules. The firm provides facility and process design and integration know-how with its equipment. The Company offers its products and services to PV product manufacturers on a worldwide basis, and a substantial percentage of its sales are to customers outside the United States.

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

  • Contact:
    TGI SOLAR POWER GROUP INC.
    Email Contact
    1-888-766-6527

    David Zazoff
    212-505-5976