updated 2/23/2011 11:16:49 AM ET 2011-02-23T16:16:49

SOUTH PLAINFIELD, N.J., Feb. 23, 2011 (GLOBE NEWSWIRE) -- Petra Solar, the pioneer and market leader in grid-tied, pole-mounted, distributed solar generation systems which include a Smart Grid backbone for utilities, announced that the company's Founder, CEO and President, Dr. Shihab Kuran, will participate in the Jefferies 11th Global Clean Technology Conference. This conference, which will take place in New York City on February 23-24, 2011, will feature presentations from over 100 leading public and private companies across the clean technology spectrum including batteries & energy storage, biofuels & biomaterials, energy efficiency & energy infrastructure, fuel cells, geothermal, Smart Grid, solar, transportation, water and wind.

On Day One of the conference, Dr. Kuran will participate in a small group executive roundtable discussion with David Sandalow, Assistant Secretary Policy & International, U.S. Department of Energy. The group will discuss the Administration's vision for global energy policy for emerging cleantech markets, and will include highlights about the Clean Energy Ministerial, a public-private global forum to promote policies and programs that advance clean energy technology.

The following day, Dr. Kuran will deliver an individual company presentation, offering insights on how Petra Solar's innovative solar plus Smart Grid solution provides key commercial benefits that meaningfully address the challenges faced by utilities while spurring green job creation and local economic development in the process.  In addition, later that day he will join a panel of leading Smart Grid experts to discuss "Smart Grid and Renewables Integration" to examine what they believe to be the latest trends. Dr. Kuran will discuss Petra Solar's approach of combining solar and Smart Grid technology and how it enhances the reliability of the grid and reduces the cost of solar.
 
"Petra Solar's SunWave™ systems combine generating solar energy with building a Smart Grid infrastructure to enhance grid reliability.  Not only are we focused on smart solar solutions that improve the efficiency of the national utility grid, we are very deeply committed to supporting the communities in which we operate through the creation of local jobs and the many other secondary economic benefits that follow.  We are honored that Jefferies values our expertise in the emerging area of solar and Smart Grid and are excited to participate in the conference," said Dr. Kuran.

Dr. Kuran's participation today in the Jefferies Clean Technology Conference follows a recent presentation at the Networked Solar conference, the first ever conference to focus on the convergence of Smart Grid and solar.  As a leader in this area, Dr. Kuran presented the keynote address highlighting how Petra Solar's innovative SunWave technology combines distributed solar energy generation with Smart Grid communications and improved grid reliability features to create a comprehensive utility grade solution.

About Petra Solar:

Petra Solar, founded in 2006 by CEO and President Dr. Kuran, is the pioneer of SunWave™, a new technology that combines distributed solar energy generation with Smart Grid communications and improved grid reliability features to create a comprehensive utility grade solution. One of the key advantages of the Petra Solar solution is its flexible grid integration architecture. Petra Solar is the only cleantech company that provides utility-grade, grid-tied, distributed smart solar systems that can be installed on existing assets such as utility and streetlight poles. Petra Solar's success is the culmination of more than 18 years of research and development. For more information about Petra Solar visit www.petrasolar.com.

The Petra Solar logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8793

CONTACT:  Mary Grikas
          Vice President Communications, Petra Solar
          732.429.3908
          mary.grikas@petrasolar.com

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