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

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

October 11, 2007

Company Adds Key Members to Senior Management Team


    HAMILTON, N.J., Oct. 11 /Xinhua-PRNewswire/ -- 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 $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. 



    For more information, please contact:

     Dolores Phillips of EPV SOLAR, Inc.
     Tel:   [phone] x1118
     Email: [e-mail]