SolarOne Announces Financing By FreshTracks Capital II and TSG Equity Partners LLC

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April 22, 2008. Framingham MA: SolarOne® Solutions, Inc. is pleased to announce that FreshTracks Capital of Shelburne, VT and TSG Equity Partners of Stow, MA completed a second round investment in the company. FreshTracks led the transaction, with follow-on participation by existing investor TSG Equity Partners. In addition, SolarOne welcomes FreshTracks' Managing Director, Tim Davis, to its Board of Directors.

SolarOne's product offering includes solar-powered commercial-scale lighting using the latest in photovoltaic and LED technologies with its patent-pending SO-Bright™ technology. This advanced solution provides unprecedented efficacy, reliability and control for its own solar lighting systems as well as for major lighting manufacturers, such as Hadco® Lighting. SolarOne's systems illuminate a wide range of applications, including pathways, shelters, parking lots, streets, flags and signs at college campuses, government facilities, national parks and municipalities across North America. Recent installations include the Bethel Woods Center for Performing Arts in New York State and Valle de Bravo National Park outside of Mexico City. The investment will accelerate the sales and marketing efforts of the company, while also supporting on-going product development activities.

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