Universal Solar Technology Inc. (UNSS.OB), a developer of solar grade ingot, wafers and high efficiency solar photovoltaic modules, announced that has been in discussions with a European company for a multi-million dollar order for up to 20MW of monocrystaline solar modules to be delivered by the end of 2010 and expects to announce a contract during this week.

Wensheng Chen, the Board Chairman and CEO of the company stated, “the Company is pleased with the progress at the new production facilities. These negotiations reinforce our previously announced expectations for our business plan. With a new factory and new equipment we expect to quickly become a highly efficient supplier of 50MW silicon ingots, 20MW solar wafers and 30 MW solar PV modules.”

Since January, Universal Solar has hired over 90 manufacturing employees at its new facilities in Nanyang City, Henan Province. It has signed contracts for delivery of raw materials including silicon and early this year began to build products in preparation for initial sales.

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.

Universal Solar Technology (CE) (USOTC:UNSS)
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