Energy Photovoltaics, Inc., Announces Name Change to EPV SOLAR, Inc.

HAMILTON, New Jersey, October 10 /PRNewswire/ --

-- Company Adds Key Members to Senior Management Team

Energy Photovoltaics, Inc. (EPV), a thin-film photovoltaic module manufacturer with headquarters in New Jersey, USA, announced today a series of organizational and senior staff changes that reflect the new direction of the company. Approved by its Board of Directors and shareholders, Energy Photovoltaics, Inc., will now operate as EPV SOLAR, Inc., effective immediately.

EPV SOLAR announced six additions to the senior management team:

Chief Financial Officer -- Mr. Tom Werthan: With over twenty years of experience in assisting high-technology companies, Mr. Werthan previously served as Chief Financial Officer at EMCORE Corp., a publicly traded manufacturer of compound semiconductor-based components.

Vice-President, Operations -- Robert Bryan, Ph.D.: An experienced scientist, entrepreneur, and operations executive, Dr. Bryan founded and spearheaded two successful companies -- MicroOptical Devices (fiber optics) and Vixel Corp. (vertical cavity lasers) -- before joining EPV SOLAR.

Vice-President & General Counsel -- Howard Brodie, Esq.: Formerly the Chief Legal Officer, Executive Vice-President and Secretary of EMCORE Corp., Mr. Brodie has significant experience in commercial transactions, mergers and acquisitions, corporate finance and corporate governance.

Vice-President, Business Development -- Mr. Wayne LeBlanc: With 35 years of experience in sales and marketing, Mr. LeBlanc brings to EPV SOLAR a background in retail electricity and electric deregulation.

Vice-President, Marketing -- Mr. Ren Jenkins: A skilled semiconductor industry executive, Mr. Jenkins has over 20 years of experience in Marketing, Sales, Business Development, Engineering Management, and Operations.

Vice-President, Sales -- Mr. William Weisbecker: A co-founder and Vice-President of Quantum Epitaxial Designs, Inc. (QED), Mr. Weisbecker comes to EPV SOLAR with a solid foundation of experience in sales and marketing in the compound semiconductor industry.

EPV SOLAR and New Financing

EPV SOLAR announced US$77.5 Million of new financing on June 20, 2007, for the purpose of expanding its thin-film photovoltaic module manufacturing capacity. The company's plans call for an increase of more than 85 MW of annual manufacturing capacity over the next 18 months. Several U.S. states and European countries are under consideration for EPV SOLAR's manufacturing capacity expansion.

Web site: http://www.epv.net

Dolores Phillips of EPV SOLAR, Inc., +1-609-587-3000, ext. 1118, d.phillips@epv.net