Marco A. Northland

Etrion Corporation, a solar independent power producer, today introduced that Solar Resources Holding Sàrl and Etrion Japan K.K., wholly-owned subsidiaries of the Business, have entered into agreements (the "Transfer Agreements") to market their rate of interests in the Company's 13.2 MW Komatsu, 24.7 MW Shizukuishi as well as 9.3 MW Mito running solar energy projects (collectively the "3 Projects") to 3 Japanese business, GK Komatsu Solar, GK Shizukuishi Solar and also GK MITO Solar (collectively the "Consortium"), for an accumulated acquisition cost of around JPY 8.252 billion (or USD 74.9 million), subject to certain changes at closing.