5.12.2006: Meldung: Enters New Markets Successfully

GiraSolar, Inc. is pleased to announce it has presented itself in a number of international solar exhibitions and conferences in emerging solar markets, and has increased its market share in Spain to 12%.

During 2006, GiraSolar presented itself at a number of solar conferences and exhibitions in the USA, the EU and in the PRC. Next to existing markets like Germany, emerging markets such as Italy, Greece, California and Spain were spearheads in GiraSolar"s marketing campaign.

Wieland Koornstra, CEO of GiraSolar BV, stated: "In Spain, GiraSolar"s approach proved efficient. This year GiraSolar supplied approximately 5MWp of product to Spain, not only solar modules, but a balance of system components (BOS) such as inverters and installation materials, as well as technical assistance. At an estimated volume of the Spanish market of 40MWp for 2006, this means we currently have a 12% market share in one of the fastest growing solar markets worldwide."

Harry Keijzer, CO Business Development, added: "Following our successful efforts to enter the Spanish market we are now in the process of establishing ourselves in Italy and Greece as well. In these emerging markets we expect the same rapid growth for 2007 as we have seen in Germany and Spain. In the USA we are active in strengthening our position and we are diligently working on acquisitions and partnerships in Arizona, New Mexico and California. We have identified partners and established good working relationships in these countries, which will help the company play a significant role in these markets."

Through 2006 GiraSolar was present at the following events:

-- SEMICON Europa, Munich, Germany (April)
-- Intersolar 2006, Freiburg, Germany (June)
-- 21st PV SEC, Dresden, Germany (Sept.)
-- PowerEXPO - Feria de Zaragoza, Saragossa, Spain (Sept.)
-- Solar Power 2006 Conference & Expo, San Jose, CA, USA (Oct.)
-- Casa Energia Expo 2006, Milan, Italy (Oct.)
-- ENERGY 2006: International Exhibition in Athens, Greece (Nov.)

About GiraSolar, Inc.

GiraSolar, Inc. is a US-Dutch holding company based in Ann Arbor with its operational HQ in Deventer, The Netherlands, through GiraSolar BV. It is an umbrella organization for subsidiaries, partners and affiliated entities, active in the field of solar energy product development, production and application. GiraSolar"s three subsidiaries consist of 100% owned DutchSolar B.V., 51% owned GiraSolar Turkey Ltd. Ste. (GST), and 100% owned GiraMundo B.V. The group focuses with its business activities on silicon, solar cells, solar modules and solar energy systems. www.girasolar.com

This press release contains certain "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this press release regarding our strategy, future operations, financial position, future revenues, projected costs, prospects, plans and objectives of management are forward-looking statements. Such forward-looking statements involve a number of risks and uncertainties and investors are cautioned not to put any undue reliance on any forward-looking statement. Mr. De Bruijin is not a PCAOB qualified or licensed accountant in the United States. This press release should be read in conjunction with GiraSolar"s periodic filings with the SEC. The forward-looking statements contained herein are made only as of the date of this press release, and GiraSolar undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

GiraSolar, Inc.:
(+1) 734-418-3004
GiraSolar B.V.:
(+31) 570-613329

Source: GiraSolar
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