News

Joint Press Release

Ellis Energy Investments Acquires Pyron Solar

Leading CPV Manufacturer Poised for Global Growth

Bakersfield, California, June 30, 2009

Ellis Energy Investments, Inc. announced today that it has acquired the assets of Pyron Solar, Inc. Pyron Solar is the manufacturer of the Pyron Solar System, the leading CPV Power Generator for utility scale installations. The company uses a patented and powerful solar concentrator that harnesses the sun’s energy with high-energy (HE) conversion and unlimited scalability. In developing the unique and proprietary HE Optics System, Pyron Solar engineers have overcome some of the most challenging issues affecting the implementation of solar technology on a wide scale; including solar cell heat transfer, wind, shadow and maintenance issues, and, of course, cost considerations.

Ellis Energy Investments adds Pyron Solar to its portfolio of companies that include Sierra Process Systems providing oil recovery, oily residuals separation, and recycling services to its refinery and power customers throughout the United States and Global Mastics a company that uses a patented process to thermally desorbe refinery mineral fillers to enhance various asphalt products. Stan Ellis, CEO of Ellis Energy Investments stated, “We are very excited about this acquisition and look to carry forth Pyron’s aggressive growth plans. It is our belief that Pyron Solar’s technological advances will make it the leader in the CPV market.”

Information on Pyron Solar and its patented application can be found by visiting pyronsolar.com.

About Ellis Energy Investment, Inc. - EEI provides products, services, and processes that capture renewable materials and energy sources, as well as applications for concentrated recycling. Progressive and diverse, EEI is both a participant and developer in the emerging clean technology sector.

For More Information Contact:
Stan Ellis, CEO (661)201-1000
David Higdon, President (661)343-1840

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