NEWS RELEASE
Gaithersburg, Maryland – Monday, March 3, 2008: Standard Solar Inc., has announced an investment of $3.5 million by Truecast Capital, LLC of Middleburg, Virginia. The 3-year old solar energy services company, headquartered in Gaithersburg, Maryland, a Washington, DC suburb, has quickly grown to be the area’s largest provider of residential and small commercial solar power systems.”We are excited by this vote of confidence in not only our company, but in the rapidly growing market in this region for solar energy systems,” said company founder and chairman, Neville Williams. “We have thus far confirmed our belief that many homeowners and businesses want to buy solarelectric systems, but they don’t know who to call. That’s why we launched Standard Solar. We have attracted a talented and dedicated team of people who believe our vision to make Standard Solar the supplier of choice for solar solutions. Our people are extremely committed to the company’s mission and to the environment.”“This investment is a credit to the progress Standard Solar has made and enables the company to fulfill its vision to become the premier installer of solar serving the residential and commercial markets, ” said Steve Lamb, a managing partner at Truecast Capital, LLC.Truecast Capital’s focus is to bring capital and management expertise to the leadership of small to mid-size firms. Truecast Capital’s investment will be used to build Standard Solar’s capacity to meet the demands of the clean energy marketplace in the Washington, DC metropolitan area and beyond.

Standard Solar is a Delaware Corporation, founded in early 2005, doing business in Maryland, Virginia and the District of Columbia. The company launched operations in mid-2006 after Lee Bristol, General Manager and VP, merged his residential solar installation business with Standard Solar.

“We think bringing in this combination of capital and managerial experience will be a huge gain for the company,” said Standard Solar’s president, Anthony Clifford. “There is the potential for enormous growth in both the residential and commercial solar electric installation business,” he added. Clifford and Bristol will lead the company’s expansion plans, which include Baltimore, Delaware, Pennsylvania and the Mid-Atlantic region.

Neville Williams, 65, who founded the company after a previous career that began with promoting renewable energy for the Carter Administration and included twelve years bringing solar power to 100,000 unelectrified families in 11 countries, will step down as chairman, and remain on the board of directors.

About Standard Solar
Standard Solar, Inc. provides professional standardized residential and small custom commercial solar electric and solar hot water system installation services. Their professional technicians are certified by the North American Board of Certified Energy Practitioners (NABCEP) and trained by their Solar Power equipment manufacturers. Standard Solar offers BP Solar low-profile “Integra” Photovoltaic systems, made in Frederick, Maryland, and SunPower high-efficiency “Intelegant” PV systems manufactured by US-owned SunPower Corporation. Standard Solar is a Premium Authorized SunPower Dealer. Contact Standard Solar at https://www.standardsolar.com/ to receive a detailed electronic package of information on solar energy system prices and services.

For more information contact Tony Clifford, tel: 301-944-1200 x 1001 or email: tonyclifford@standardsolar.com.

 

Standard Solar of Maryland to Expand With Funding from Truecast Capital