EPA/SNAP Adds SP34E to SNAP List as Replacement Refrigerant for CFC-12

Business Wire, Jan 9, 2001

Business Editors

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Jan. 9, 2001

Solpower Corp. (OTC BB: SLPW), a publicly traded company, Tuesday announced that on Dec. 18, 2000, the U.S. Environmental Protection Agency (EPA) under the Significant New Alternatives Policy (SNAP) program added SP34E(TM) to the list of acceptable refrigerants by Official Notice Number 14 printed in the U.S. Federal Register (Volume 65, Number 243).

The EPA/SNAP program was established to identify alternatives or substitutes to ozone-depleting substances. The EPA publishes SNAP lists of acceptable and unacceptable substitutes in the context of particular use conditions. EPA/SNAP approval enables SP34E(TM) to be used as an acceptable substitute for R12 in virtually all applications except centrifugal chillers.

Mark Robinson, president and chief executive officer of Solpower Corp. said, "SP34E(TM) has passed some of the most stringent requirements worldwide for use as a replacement refrigerant. We are now in the final stages of finalizing a distribution agreement with a U.S. company that has a national network."

An aggressive sales and marketing campaign will be launched for the 2001 season to put the company on target to meeting its projected revenues of $40 million within 18 months.

A fully reporting public company, Solpower Corp. was incorporated in 1982 and is based in Scottsdale. The company production and distribution facility is located in Phoenix. For more information on the company or its products, visit the web site at www.solpower.com.

This press release includes statements, which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.

Factors which would cause or contribute to such differences include, but are not limited to, factors detailed in Securities and Exchange Commission filings.