UNSS Universal Solar Technology Inc (CE)

Universal Solar Technology Inc. (UNSS.OB), a developer of solar grade ingot, wafers and high efficiency solar photovoltaic modules, announced the signing of a sales contract for $32,600,000 with CEZ Group, part of the largest electricity producer in the Czech Republic. The contract calls for the delivery of 20MW of monocrystaline solar modules to be delivered by the end of 2010.

Wensheng Chen, Chairman and CEO stated, “This large contract confirms that Universal Solar’s products are of international standards and reinforces our business expectations. We have focused our marketing efforts on sales in China, India and the EU. With its expertise, new factory and production equipment, we expect UNSS will grow quickly becoming a highly efficient supplier to a very rapidly growing market for solar PV products.”

ABOUT CEZ GROUP

The strategic goal of CEZ Group is to become the leader on the Central and Southeastern European electricity market. The parent company and core of CEZ Group is ČEZ, a. s. the largest electricity producer in the Czech Republic, founded in 1992 by the National Property Fund. CEZ Group was created in 2003, when ČEZ, a. s. merged with several regional distribution companies. Today, CEZ Group belongs among ten of the largest energy companies in Europe, both in terms of installed capacity and number of customers. http://www.cez.cz/en/cez-group/cez-group.html

ABOUT UNSS

Universal Solar Technology Inc. manufacturers solar products and provides solar power systems using advanced manufacturing technologies and equipments. Products include solar-grade silicon material (ingots and wafers), solar modules, solar lights and solar power systems. Arizona State University Photovoltaic Testing Laboratory has certified that UNSS Photovoltaic Modules satisfy the standards and requirements of the International Engineering Consortium and has passed the standards for selling products to countries in the European Union. www.ustnevada.com/en

Forward Looking Statements:

This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of this document, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this document.

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