Entech Solar, Inc. (OTCBB:ENSL) (the “Company”, “Entech Solar”)
announces today that David Gelbaum, the Company’s Chairman and Trustee
of The Quercus Trust, a major shareholder in the Company, will become
Chief Executive Officer (CEO) of the Company, effective immediately. Mr.
Gelbaum will replace Dr. Frank W. Smith, who has served as the Company’s
CEO since March of 2008. Dr. Smith, while stepping down from his CEO
role, will continue to serve the Company in an advisory capacity during
Mr. Gelbaum’s transition into his new role, and will retain his seat on
the Company’s Board.

The Company also announces that Mr. Gelbaum, through The Quercus Trust,
has invested through a private placement agreement, an additional
$600,000 in the Company in exchange for Entech Solar restricted common
stock at a purchase price of $0.08 per share.

Mr. Gelbaum noted, “I recognize and appreciate the excellent job that
Frank has done in taking the Company through a difficult transition
period over the past two years. The Company’s transition is
substantially complete and Entech Solar is now well-positioned to
complete the product development and commercialization of its
ThermaVolt, SolarVolt and Daylighting products.”

Mr. Gelbaum also stated, “I believe in Entech Solar’s employees, its
Board of Directors (including Frank Smith, who will continue to assist
the Company as a member of the Board), its intellectual property, its
technology and its market. I am committed to working with the Entech
Solar team to bring its products to market and to make the Company
profitable and create value for its shareholders, which include its
employees and board members through their ownership of both stock and
stock options. I am lucky to be part of this great company.”

In addition, the Company announced today that Jacob J. Worenklein, a
member of the Company’s Board of Directors and Chairman of its Audit
Committee, has resigned from the Board. Mr. Worenklein informed the
Board that he is required to resign as a result of his joining the law
firm of Bingham McCutchen LLP as a partner on January 12, 2010 and it is
the firm’s policy that its partners not serve as Directors of public
companies.
About Entech Solar
Entech Solar, Inc. is a leading developer of renewable energy
technologies and sustainable daylighting solutions for the commercial,
industrial and utility markets. Entech Solar designs concentrating solar
modules that provide both electricity and thermal energy as part of its
ThermaVolt™ product line and electricity only as part of the SolarVolt™
product line. The Company also manufactures and markets the Entech™
Tubular Skylight, a state-of-the-art tubular skylight that provides
superior light output and optical efficiency for the commercial and
industrial green building initiatives. For more information, please
visit www.entechsolar.com.