SET-Solar Announces Turnkey Solutions for Solar Energy

October 29, 2009

MOUNTAIN VIEW, Calif., Oct. 29 /PRNewswire/ -- SET-Solar Corp., a U.S. provider of high-quality, mono-crystalline photovoltaic solar modules, announced today it offers turnkey solutions for installers and integrators of solar energy projects. The company, which has been in a rapid growth phase since its opening in May of this year, has expanded its services beyond just supplying solar panels to include financing and accessory products. By using SET-Solar financing, installers can complete their projects with a minimum of up front cash. In addition, buying everything from one supplier means they place only one purchase order, greatly simplifying the process. With SET-Solar's turnkey solution, installers can do more projects, more quickly, with less capital.

"We're very pleased with the growth of SET-Solar in the five short months we've been in business. We realized early on that customers wanted a full service solution, so we've added inverters and other accessories to our offering, as well as financing and leasing options," stated Roland Chu, Chief Executive Officer at SET-Solar Corporation. "The full-service solution has allowed us to grow rapidly. To date, we've secured multiple-year purchase agreements of 1 to 5 megawatts each from five major customers. Because of these purchase orders, we will exceed our original revenue estimate for what was already projected to be a profitable first year."

SET-Solar has two product lines, standard and premium, with 13 different models, all listed in the California Solar Initiative (CSI) directory and UL certified. SET-Solar will showcase its products at the Solar Power International 2009 Conference and Exhibition in Anaheim, California, Oct. 26-29, 2009 in Booth #1285. The company will have specialists available to discuss solar solutions, including financing plans.

About SET-Solar

SET-Solar Corporation is based in Mountain View, California. The Company markets and sells high-quality, mono-crystalline photovoltaic solar modules to integrators, installers and distributors in the U.S. SET-Solar is partnered with several of the largest manufacturers of high-grade polysilicon and silicon wafers in China, and Solar Enertech, Inc., a U.S.-based company producing advanced solar cell technology. http://set-solar.com/

Forward-Looking Statements

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. SET-Solar undertakes no obligation to update publicly any forward-looking statements.

    For More Information

    Media Contact:
    Ignatius Ding
    Tel: (877) 786-8649 ext. 106

    Investor Contact:
    Roland Chu
    Tel: (877) 786-8649 ext. 109

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SOURCE SET-Solar Corporation