Fidelis Announces TinSol Energy Has Taken Third Delivery of $34.6 Million PV Solar Modules

Tallahassee, FL 12/16/11 (StreetBeat) -- Fidelis Energy Inc. (PINKSHEETS: FDEI) today announced it has completed physical delivery of more than 18 megawatts (MW) of photovoltaic solar modules to its buyer, TinSol Energy (pty) Ltd. ("TSEL") in South Africa. This shipment is the third delivery bringing the total to 76 megawatts (MW) to date with a balance of 131 megawatts (MW) to complete TSEL's long-term solar module supply agreement for 207 megawatts (MW) of PV Solar modules worth $475 million. The Company expects payment of $34.6 Million from TSEL to be completed, in full by January 16, 2012. The proceeds will be used for production costs, joint venture commitments and facilities expansion to shorten product delivery time for new supply contracts.

Over the past year, Fidelis management has spent significant time overseas procuring its solar sector business relationships and building the necessary foundation for future expansion. The Company has also been focused on the development of its production facilities and general operations abroad.

Shareholders and anyone interested in monitoring the progress of the company are encouraged to subscribe to the electronic mailing list at www.fidelissolar.com.

About Fidelis Energy Inc.

Fidelis Energy Inc. ("FDEI") is an energy company focused on developing, constructing and operating solar energy projects exclusively or in partnership with other energy companies. Fidelis has designed and is developing solar photovoltaic (PV) cell technology products for manufacture and distribution worldwide. Fidelis owns a unique patent pending solar cell technology based on photovoltaic cells with integral light-transmitting wave guides in a ceramic sleeve. The advantage of this technology is the efficiency of less exposed surface area being required to generate electricity. The light-transmitting particles act as wave guides and allow the sun-exposed conversion area of the solar cell to be shifted readily from horizontal to vertical to capture more sunlight. The ceramic sleeve eliminates the need for expensive vacuum chambers, thereby allowing less expensive materials to be used in solar cell production.

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