July 9, 2008

ET Solar Announces 500 Kilowatt Module Sales Agreement With Techwin

NANJING, China, July 9 /Xinhua-PRNewswire/ -- ET Solar Group Corp. ("ET Solar"), a Nanjing-based vertically integrated manufacturer of photovoltaic products including ingots, wafers, modules, and state-of-the-art dual-axis tracking systems with manufacturing facilities located in Taizhou, China, announced today a module sales agreement with Techwin Co Ltd. ("Techwin"), a leading Korean company in plant engineering and environmental technology development.

Under the contract, ET Solar will supply 500 kilowatt of PV modules to Techwin, in the third quarter of this year.

Commenting on the news, Mr. Xinghua Wang, CEO and chairman of ET Solar, said: "We are very excited to establish business relationships with significant Korean PV plays like Techwin. The 500 kilowatt PV module agreement represents ET Solar's first transaction in the burgeoning Korean PV market. Following the module sales agreements that we signed in the Italian and French markets, this agreement further demonstrates our strong market penetration capabilities and effective geographic diversification efforts. In the next few months, we expect to develop new relationships and become a more significant solar equipment supplier in the fast growing Korean PV market."

Sang-Ik Park, Senior Managing Director of Techwin, commented: "We are delighted to announce this module sales agreement with ET Solar, which provides high quality PV modules. ET Solar is expanding rapidly and we are looking forward to building a stronger business relationship with ET Solar in the future."

About ET Solar

ET Solar is a vertically integrated solar component manufacturer. Headquartered in Nanjing, China, ET Solar has two manufacturing facilities in Taizhou, China. The company's diversified products range from mono- and multicrystalline ingots, mono- and multicrystalline silicon wafers, modules, dual-axis tracking systems and BIVP products. Marketing and after-sales services throughout the United States, Germany, Italy, Spain and Korea ensure our products are readily accessible in the world's major solar markets.

About Techwin

Techwin is a leading Korean company in plant engineering and environmental technology development. Techwin's maintenance business serves chemical plants, electric, gas and water utilities as well as industrial and commercial customers, with a broad range of products, systems and services based on IT. Techwin's automation technologies blends a robust product and service portfolio with end-user expertise and global presence to deliver solutions for control, motion, protection, and plant integration across the full range of process and utility industries.

   For more information, please contact:     Marieke Lubbers    ET Solar Group Corp.    Tel:   +86-25-8689-8098 x9017    Email: [email protected]  

ET Solar Group Corp.

CONTACT: Marieke Lubbers of ET Solar Group Corp., +86-25-8689-8098 x9017,or [email protected]