AWSL and Canadian Subsidiary Hybridyne Power Systems Canada Inc. Receive Purchase Orders and LOIs to Supply and Install Four Rooftop Solar Systems Using Hybridyne's Leading Edge CIT Technology

Press Release
Source: Atlantic Wind & Solar Inc.
On 7:00 am EDT, Monday October 26, 2009

TORONTO--(Marketwire - 10/26/09) - Atlantic Wind & Solar Inc. (Pinksheets:AWSL - News) is pleased to report the signing of a Letter Of Intent (LOI) to supply and install a 250 kW rooftop solar system in Brampton, Ontario. The $2.25 million installation will encompass just under 50,000 square feet of rooftop space. As well, the Company's Canadian subsidiary Hybridyne Power Systems Canada Inc. has received a purchase order, with a deposit, for a $2.1 million rooftop solar system to be delivered and installed on approximately 50,000 square feet of rooftop space in Niagara, Ontario. Subsidiary Hybridyne has also signed two additional LOIs regarding similar 250 kW rooftop solar systems to be installed in the north Toronto suburbs of Newmarket and Aurora, Ontario. Each of these systems will entail PV systems encompassing approximately 50,000 square feet at an estimated $2.25 million each.

The purchase order and LOIs reported today represent, in aggregate, approximately 1,000 kW (1 megawatt) of solar energy from some 200,000 square feet of rooftop space in Ontario and, if all four are completed, will provide approximately $8.85 million in revenue to AWSL and its Canadian subsidiary.

These initial agreements are for sales and installation only, and do not include the sale of electricity to the Ontario grid in accordance with the FIT (Feed-in-Tariff) recently introduced by the Government of Ontario. With the new FIT now in place, Atlantic intends to lease rooftop space throughout Ontario, and to install/own rooftop solar energy parks and sell the electricity produced into the grid at lucrative prices over long (20 year+) term contracts as now guaranteed by Ontario's new Green Energy Act.

About Atlantic Wind & Solar Inc:

Through focused management, strong R&D, state-of-the-art proprietary technology, exclusive licenses, and joint ventures, Atlantic Wind & Solar Inc. is poised for rapid growth at the forefront of the massive global shift towards environmentally friendly, economical renewable energy. The Company is positioned to achieve significant inroads into key sectors of the annual $200 billion renewable energy boom that is accelerating across North America and around the world.

For more information and/or to subscribe for regular news updates from Atlantic Wind & Solar, visit: www.atlanticwindandsolar.com

Disclaimer:

Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in these communications in making any investment decisions concerning our securities.

The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission including the company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The company disclaims any intent or obligation to update these forward-looking statements.