EnviroMission Solar Tower on Raymond James Analyst Radar

PHOENIX, Jan. 27, 2011 /PRNewswire/ -- EnviroMission Limited (Pink Sheets: EVOMY) Solar Tower development progress in Arizona has been headlined in a Raymond James and Associates (Raymond James) Equity Capital Markets Energy Research Division Alternative Energy Industry Brief, 'Solar Tower Moves Toward Commercialization in Arizona.'

"The upbeat analysis of EnviroMission's 'flurry of progress' toward Solar Tower commercialization in the U.S. since Raymond James analysts first covered Solar Tower technology in a 2009 Energy Industry Brief, 'Solar Tower Technology Makes U.S. Debut,' points to EnviroMission's Power Purchase Agreement with the Southern California Public Power Authority as one of the signs of progress achieved over the period," said Roger Davey, EnviroMission Chief Executive.

Mr. Davey said, "Raymond James had once again pointed to EnviroMission's Solar Tower power station technology as being a 'third commercially viable option' in the race by U.S. utilities to 'individually decide which technology to use in their large-scale solar projects.'"

"EnviroMission's so called 'early-stage' project status did not detract from the Raymond James analyst recognizing the considerable progress EnviroMission has made over the last two years, specifically citing the achievement of a Power Purchase Agreement to sell electricity from the first 200MW Arizona Solar Tower to the South California Public Power Authority (SCPPA); an achievement many variously owned hybrid PV and CSP technology companies in this three horse race have yet to achieve at even more advanced stages of development," Mr. Davey said.

The Raymond James Industry Brief also suggests the 'expansion of the solar market' represents a 'long-term trend' that EnviroMission plans to harness initially in the United States and then globally using the professional engineering and design services of Arup – a company with a strong international reputation and skilled professional network that was signed by EnviroMission in November 2010, and mentioned as an aspect of the progress achieved by EnviroMission within the Raymond James Industry Brief.

Raymond James provides highly researched, informed and independent analysis that is backed by a full service New York Stock Exchange listed Investment Bank with domestic and international investment banking and institutional sales reach.

The Raymond James Industry Brief 'Solar Tower Moves Toward Commercialization in Arizona' is now available at:  www.enviromission.com.au

SOURCE EnviroMission Limited