Envision Solar Announces Profitable Quarter
Envision Solar International
Envision Solar Announces Profitable Quarter
Profits at the Gross Margin Line Validate the Strategy
SAN DIEGO (August 4, 2011) – Envision Solar International, Inc., (www.envisionsolar.com) (OTC BB:EVSI), a leading sustainable infrastructure product designer and developer, today announced that the company was profitable in the 2nd quarter of FY2011. The company recorded net income of $381,450, or $0.01 per share, for the quarter. Envision Solar produced gross profit margins from installations in the North East and South West of the United States, further demonstrating the universal appeal of EnvisionTrak™ Solar Tree® structures and the company’s ability to execute across a broad market.
Envision Solar’s President and CEO, Desmond Wheatley, said, “Our decision to focus on Park Solar and the huge opportunity in solar shaded parking is paying off. We’ve demonstrated that we can deploy our highly engineered and architected Solar Tree® structures anywhere and that we can do so profitably at the gross margin line. The standardization we have brought to the product line and our process-driven deployment methodology allow for significant scale and operating leverage. The whole team is focused on the profitable deployment of our products. The hard work is starting to pay off.”
Company Founder Robert Noble stated: “Desmond and our management team have built a strong platform for growth in the months and years to come. We’re proving that our beautiful, infrastructure quality Smart Tree™ with EnvisionTrak™ tracking technology not only generates clean energy and lots of shade, but also excellent margins and now profits for our shareholders.”
Envision Solar’s Solar Tree® structures with integrated EnvisionTrak™ and CleanCharge™ systems together comprise a highly engineered parking area solar array charging system that is 18 to 22 percent more productive than conventional fixed solar photovoltaic systems. This increase is achieved by incorporating hybrid multi–access tracking, which enables the solar panels to follow the sun throughout the day. Energy from the panels could be used to charge electric vehicles, in some case 24 hours a day, through the innovative integration of battery storage solutions, or delivered to the power grid.
For more information about Envision Solar, visit www.envisionsolar.com.
About Envision Solar International, Inc.
Envision Solar, www.envisionsolar.com, is a leading sustainable infrastructure product designer, and integrator deploying clean energy systems globally. The solar design firm provides strategic long-term solutions and includes comprehensive sustainability planning and design optimization for its solar array structures. Founded by leading sustainable design architect Robert Noble, the company is a leader in the invention and construction of solar structures that address millions of acres of unused parking spaces. Its innovative systems include products for commercial and institutional projects, such as EnvisionTrak™, CleanCharge™, Solar Tree®, Solar Grove®, Solar Row™, LifePort®, LifePod™, LifeVillage™ solar systems and others. Envision Solar is listed on the OTC Bulletin Board under the symbol [OTCBB: EVSI]. For more information on the company, contact 1-866-746-0514.
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