ASP Seeks Project Financing

Advanced Solar Photonics (ASP) the cutting-edge developer of laser equipment for solar panel processing, thin film solar cells, and commercial solar products is seeking $40 million in financing from investors for its previously announced 45MW thin film demo factory, SolarFab™. This project, when complete, will be the first of its kind in the state of Florida.

ASP is a branch of Fonon Technology International which has secured a 318,000 square foot facility, of which 100,000 square feet will be dedicated to SolarFab™. Having already received a number of letters of intent for solar panels, under the proposed agreements, SolarFab™ would be at maximum production of its SunPanels™ upon initial start. In addition, ASPs’ patented technologies, and other key elements, such as material suppliers, are already in place. Financing for this new factory is anticipated from both private and public companies that have an interest in providing assistance for the development of profitable alternative energy projects.

“We expect to meet with potential financing partners and review proposals over the next few months, said Maureen McHale, Corporate Marketing and Public Relations Manager for Advanced Solar Photonics. “Once this financing is in place, we’ll be able to initiate project completion by the end of the fourth quarter of 2009.”

About Advanced Solar Photonics Advanced Solar Photonics is the cutting-edge developer of laser equipment for solar panel processing, thin film solar cells, and commercial solar products for the solar industry. Our laser equipment performs edge isolation, deletion, glass scribing, coating removal, laser marking and cutting. Our thin film solar panels are produced using our proven patented method and expertise gained first hand to manufacture panels with one of the highest thin film efficiencies and low cost per kilowatt hour. Additionally, ASP has created commercial equipment, like the solar array, utilizing our thin film panels. Our various technologies can increase production and efficiency, minimize waste, and in some cases, increase the overall efficiency of the PV cells.

Investor Contact Information:
Maureen McHale
Corporate Marketing and Public Relations Manager
mmchale@advancedsolarphotonics.com
http://www.advancedsolarphotonics.com/
407-829-2613 x317

ASP Receives Several Letters of Intent

Advanced Solar Photonics, (ASP), the cutting-edge developer of equipment for solar panel processing, thin film solar cells, and commercial solar equipment, announced today that it has received several letters of intent to purchase ASP’s thin film solar panels.

Under the proposed terms of the agreements, the companies will purchase ASP’s thin film SunPanels™ totaling 62 MWs over the next two years. The SunPanels™ are the most efficient thin film panels on the market capable of providing up to eight times more power from one panel than the competition. Additionally, SunPanels™ all glass components are manufactured with patented Zero Width Laser Cutting Technology™ providing 4-5 times stronger and defect free edges to withstand extreme day/night temperature changes in the harsh desert environments ensuring 25 plus years of long term module stability.

“These letters of intent represent the first of many such agreements Advanced Solar Photonics intends to craft with other companies around the world,” stated Maureen McHale, Corporate Marketing and Public Relations Manager for Advanced Solar Photonics.

ASPs’ new 45 MW SolarFab™, a thin film module production plant, will produce the SunPanels™. SolarFab™, which is breaking ground this year, has the ability to continue to increase in capacity and plans to initially create approximately 200 green jobs in Florida.

About Advanced Solar Photonics (ASP)
Advanced Solar Photonics is located in a 318,000 square foot headquarters in Lake Mary, Florida employing a team of technology driven professionals. As the cutting-edge developer of laser equipment for solar panel processing, thin-film solar cells, and commercial solar products for the solar industry, our various technologies can increase production and efficiency, minimize waste, and in some cases, increase the overall efficiency of the PV cells.

Our Products

SunPanels
The manufacturing process of SunPanels is what gives them the advantage over all other thin film technology. Through experience and know how, our panels are bringing higher efficiency levels and lower costs - we strive to bring the cost per kilowatt hour to under $1.00.

SolarTowers
The SolarTower is a modular design to incorporate a customers electrical needs. This design allows for creating your array of panels for placement near your office building or home, but not necessarily on it. This arrary will help grid-tied markets lower the cost of electricity.

View the SolarTower flyer now!

http://www.thesolarfab.com/docs/Systems/ASP_SolarTower_Flyer_Web.pdf