Maricopa Solar Assets to be Auctioned on April 17

March 27, 2012 10:00 AM Eastern Daylight Time

San Diego, CA – (BUSINESS WIRE) – On behalf of Maricopa Solar, LLC, Heritage Global Partners will conduct a global webcast bulk auction of company assets, in partnership with Hilco Industrial and BidItUp, and in collaboration with Auction AZ. The approval of Debtor’s Motion to engage Heritage Global Partners is currently pending in the United States Bankruptcy Court for the District of Arizona.  Following approval, the auction will be staged on Tuesday, April 17, 2012, beginning at 9 am MT via live global webcast at www.hgpauction.com and onsite at 8475 N. 75^th Ave. in Peoria, AZ.

Prior to the auction, a one-day open to the public inspection will take place on Monday, April 16^th, from 9:00am – 4:00pm MT at the plant location in Peoria, AZ.

This bulk and piecemeal offering of Maricopa Solar will feature a complete 1.5 MW Solar Thermal Farm to include 60 Stirling Energy SunCatcher™ Solar Dish Engine Systems and related support equipment including Switchgear and telecom assets. Complete details and sale catalog can be found on www.hgpauction.com.

“This sale is truly an exceptional opportunity for buyers to realize a unique technology and prospect to acquire a high-quality renewable power source,” said David Barkoff, Director of Sales, Heritage Global Partners.

As a pilot project of Stirling Energy Systems in 2010, The Maricopa Solar Thermal Farm utilized concentrated solar power (CSP) systems which use mirrors or lenses to concentrate a large area of sunlight, or solar thermal energy onto a small area.

Led by auction industry pioneers Ross and Kirk Dove, Heritage Global Partners, is one of the country’s leading asset advisory and auction services firms, which assists large and small companies with buying and selling of assets. A Counsel RB Capital company, Heritage Global Partners offers asset brokerage, asset inspection, asset valuations, industrial equipment and real estate auctions, as well as enterprise auctions combining tangible and intangible assets.

For more information and to apply for access to an auction Virtual Data Room, please visit www.hgpauction.com or contact David Barkoff at dbarkoff@hgpauction.com.

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