Gold Hill Resources Inc. (fka GULD)

[Rhubarb]

Green Star Alternative Energy Announces Notos to Purchase Photo Voltaic Manufacturing Facility
December 8, 2008 - 9:29 AM EST
Green Star Alternative Energy, Inc. (Pink Sheets: GSAE) announces Notos d.o.o.’s newest subsidiary (Notos Solar d.o.o.) has executed a letter of intent with Nanenergy Hungary Ltd. for the acquisition of a turnkey Thin Film Photo Voltaic (TFPV) manufacturing facility. In addition to the initial purchase of a 5 MW production plant, Notos Solar has negotiated the exclusive rights to this TFPV technology for the countries of the Republic of Serbia and Macedonia.

Nanenergy Hungary Ltd. has developed a thin film photo voltaic module that provides superior performance in the conversion of the sun’s energy to electricity. Nanenergy’s experience in developing this technology has led to greater manufacturing efficiency and has translated to decreased production costs and greater profitability. The modular design of the production facility allows for an ease of expansion in 5 MW increments to upwards of 100 MW of TFPV manufacturing capabilities. The European and worldwide shortage of solar paneling is driving the solar industry’s production expansion.

Based on prior construction and implementation timelines, Nanenergy estimates that Notos Solar may begin full-scale manufacturing within ten months. This includes the assembly of all infrastructures and equipment, as well as all necessary training of personnel.

On behalf on Nanenergy Hungary Ltd., Dr. Zoltan Kiss stated: "We are happy to be in partnership with Notos Solar in expanding our proven technology – which is the most energy efficient thin film paneling in the world. Also, by expanding into the very lucrative region of South-East Europe, which has some of the highest ratios of sunshine per hour in Europe, Notos Solar and Nanenergy are building a very strong platform for future developments in the region."

Miodrag Andric, President of Notos, stated: “Notos Solar will be acquiring this highly advanced 5 MW Thin Film Photo Voltaic manufacturing facility and provide the region with its first solar paneling plant. The Republic of Serbia’s Ministry of Energy has determined that Serbia’s average sun radiation is 40% higher than that of Europe. Notos is positioned to begin harnessing this potential in 2009.”

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