SPI Announces the Addition of Two Senior Hires

Nov 09, 2015, 06:30 ET from Solar Power, Inc.

SHANGHAI, Nov. 9, 2015 /PRNewswire/ -- Solar Power, Inc. ("SPI") (OTCBB: SOPW), a global provider of photovoltaic (PV) solutions for business, residential, government and utility customers and investors, today announced that it has appointed Mr. Tao Wu as Chief Product Officer, primarily in charge of the Internet product and technology division of SPI's Solarbao.com, and Mr. Guotao Qiu as President of SPI's recently launched automobile finance unit.  

Mr. Wu has previously held positions including product director at Tencent, product manager in Baidu's mobile software division and product director at Alipay, and brings industry leading Internet and mobile experience to SPI's rapidly growing online energy e-commerce and investment platform, Solarbao.com.

Mr. Qiu is a pioneer in China's financial leasing industry with experience in automobile financing, insurance and Internet finance. A respected professional with deep knowledge of the automobile industry, he previously held key management roles at leading automobile finance service companies, Guanghui Leasing Company and Beijing Automobile Leasing Company.

"We are delighted to welcome Tao Wu and Guotao Qiu to SPI, both of whom bring industry leading experience in their respective fields," said Xiaofeng Peng, Chairman of SPI. "As our Solarbao.com investment platform continues its rapid growth, we will benefit enormously from Tao's expertise as we expand its capabilities and enhance user experience. Likewise, our newly established automobile finance unit will benefit from Guotao's industry knowledge. We expect this business unit to become an important future growth driver for SPI in light of the fast growing EV sector."

About Solar Power, Inc. (OTCBB: SOPW)

Solar Power, Inc. ("SPI" or the "Company") is a global provider of photovoltaic (PV) solutions for business, residential, government and utility customers and investors. SPI focuses on the downstream PV market including the development, financing, installation, operation and sale of utility-scale and residential solar power projects in China, Japan, Europe and North America. The Company operates an innovative online energy e-commerce and investment platform, www.solarbao.com, which enables individual and institutional investors to purchase innovative PV-based investment and other products; as well as www.solartao.com, a B2B e-commerce platform offering a range of PV products for both upstream and downstream suppliers and customers. The Company has its operating headquarters in Shanghai and maintains global operations in Asia, Europe, North America and Australia.

For additional information visit: www.spisolar.com, www.solarbao.com, or www.solartao.com.

Safe Harbor Statement

This release contains certain "forward-looking statements" relating to the business of SPI, its subsidiaries and the solar industry, which can be identified by the use of forward-looking terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates," "expects" or similar expressions. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Among other things, the quotations from management in this press release contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. All forward-looking statements are expressly qualified in their entirety by this cautionary statement and the risks and other factors detailed in the company's reports filed with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities law.

Amy Liu, Solar Power, Inc. (800) 548-8767

SOURCE Solar Power, Inc.