Powin Corporation Signs Contract to Provide Parts to Major Solar Company

TUALATIN, Ore., July 7, 2011 /PRNewswire/ -- Powin Corporation (OTC BB: PWON), an Oregon-based OEM and direct manufacturer of outdoor cookware products, gun safes, fitness and recreational equipment, truck parts, plastic products, renewable energy products and furniture for some of America's most well known retailers, today announced that its wholly owned subsidiary, Quality Bending & Fabrication (QBF), has received a Purchase Order from LiteSolar (www.litesolar.com) to provide parts and components.

LiteSolar is a major installer of carport structures that incorporate solar and energy storage in commercial and multi-family settings.  The initial order from QBF will allow LiteSolar to install its carport structures in Oregon, Hawaii, California and Louisiana.  LiteSolar provides "Green Energy" that cuts electric costs up to 15 percent at commercial sites using photovoltaic energy systems and allows apartment owners to upgrade parking lot lighting with less expensive solar energy.

"This contract gives Powin's subsidiary the opportunity to add significantly to our cash revenues over the next two years, potentially doubling the contribution by QBF to total Company revenues," said Ronald Horne, Powin Chief Financial Officer.  "These are the kind of manufacturing assignments that, we believe, Powin can perform better than any other company in the sector."

ABOUT LiteSolar: LiteSolar, Long Beach, California, is the well funded subsidiary of a 40-year old real estate developer / owner and energy company. Its mission is to make solar energy available to a wide range of clients that otherwise may not be able to make the switch.  Its customers enjoy the simplification of the process that is provided by having its full scope handled in-house, from design, financing and construction, to operation and maintenance.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.

Contact:
Powin Corporation
Ronald Horne, CFO
503.612.3004
[email protected]

Paul Knopick
E & E Communications
[email protected]
949.707.5365

SOURCE Powin Corporation