Zeons Corporation (ZEON)

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Sustainable Power Corp. Announces Initial Agreement With L.Sole' S.A. for Expansion of Baytown, TX Facility
Monday June 2, 9:58 am ET


BAYTOWN, TX--(MARKET WIRE)--Jun 2, 2008 -- Sustainable Power Corp. (Other OTC:SSTP.PK - News) is pleased to announce today that it has signed an initial agreement with with L.Sole', S.A., a leading company in Spain responsible for building over 400 biomass powered facilities throughout Spain, the European Union, Russia and in all of Latin America.
In the initial agreement, L.Sole', S.A. agrees to provide up to $2 billion in financing to fund the expansion of SSTP's Baytown, TX facility, as well other facilities worldwide utilizing SSTP's total solution technology. The financing will be in the form of debt, and is therefore non-dilutive to the existing SSTP shareholder base. L.Sole' also plans to "EPC" (engineer, procure and construct) a minimum of 400 reactors in Baytown, Texas.

A copy of the initial agreement has been posted to the SSTP website : http://www.sustainablepower.com/content/resources/sstp_lsole_080528.pdf

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A further definitive agreement is expected to be consummated between the parties shortly.

The expanded Baytown plant is expected to house a minimum of 400 bio-reactors which would produce approximately three (3) million gallons daily of SSTP's green biofuel, which includes jet fuel, diesel, and high-octane bio-gasoline meeting all ASTM specifications.

In addition, L.Sole', S.A. has agreed to immediately deploy a team of engineers and specialists in bio-fuel and power generation to the Baytown facility. Further information on L.Sole' can be found at www.lsole.com