RedShift Energy Acquires Superior Solar LLC

RedShift Energy LLC is pleased to announce the acquisition of Superior Solar Systems LLC on Monday, January 26, 2009.

Superior Solar is a leading solar energy design and installation firm specializing in solar pool heaters, solar water heaters and photovoltaic systems used for producing solar electricity. Serving commercial, institutional and residential markets, the company has been in operation for more than 25 years. It’s located in Longwood, Florida, a suburb of Orlando.

Roger Hruby, managing partner of RedShift Energy LLC, said, “We are elated to make this investment in this particular company because of its technology, capabilities and experienced solar team. This acquisition will serve as the solar energy cornerstone for our alternative energy platform.”

David Haddaway, the CEO and former majority stockholder of Superior Solar, said, “RedShift brings vital capital plus a seasoned professional entrepreneurial management approach to fuel the growth of our business and create opportunities for our most important resource, our employees.”

Solar energy is receiving a boost from the growing demand for alternative energy sources. New policies and incentive programs from state and federal governments are making the electricity derived from photovoltaic systems competitive with that from fossil fuels. These incentives include the renewal of key federal tax credits and the elimination of the cap on these tax credits. As a result, many individuals and businesses are considering alternative energy sources and making investments to reduce pollution and U.S. reliance on fossil fuels purchased abroad.

RedShift Energy is a subsidiary of RedShift Capital LLC, located in Burr Ridge, IL. A private equity company started by Mr. Hruby in 2006, RedShift Capital makes investments and manages operations in technology, real estate, alternative energy and banking. For more information visit the RedShift Capital LLC website at: http://www.redshift.us.com