October 25, 2007 - Robbinsville, NJ, USA:

EPV SOLAR, Inc. (formerly Energy Photovoltaics, Inc.), a thin-film solar module manufacturer and technology developer, with headquarters in New Jersey, USA, has received the Euromoney and Ernst & Young Global Renewable Energy Award for 2007. The award recognizes private sector achievement that drives growth in the renewable energy industry sector.

Presented at the Renewable Energy Finance Forum Awards Program in London, dubbed the “Green Oscars,” EPV SOLAR’s award was the “Equity Deal of the Year – Technology.” Awards were made in twelve categories, from “IPO of the Year” to “Climate Change Investment Program of the Year.”

Mr. Jonathan Jones, head of renewable energy at Ernst & Young, said, “Renewable energy has increased in importance on a greater scale than ever before, and celebrating those who innovate and contribute to the success of the industry through finance and investment is essential.”

Mr. Scott T. Massie, CEO of EPV SOLAR, commented, “EPV SOLAR is honored to be the recipient of the Euromoney and Ernst & Young Global Renewable Energy Award. This prestigious award recognizes the structure of the equity deal, the magnitude of the capital raise, and EPV SOLAR's growing position in the renewable energy market. Our ability to close this financing is clear confirmation of EPV SOLAR's technological leadership and its business growth potential. EPV SOLAR recognizes and thanks Jefferies and Company for its creativity and support in structuring and completing the financing.”

EPV SOLAR announced $77.5 Million of new financing on June 20, 2007, for the purpose of expanding its thin-film solar module manufacturing capacity. Locations in several U.S. states and European countries are under consideration for EPV SOLAR’s manufacturing capacity expansion.