Envision Solar International, Inc., a sustainable infrastructure product designer and developer, announced that the company was once again profitable at the gross margin line in the 3rd quarter of FY2011. The company will hold a webinar on Wednesday, November 30th to give an update on the company’s operations and prospects. Interested parties should contact the company or visit the company’s website for further details.
Envision Solar’s President and CEO, Desmond Wheatley, said, “Profitability at the Gross Margin line has been our highest priority. Demonstrating that we can sell our products profitably at lower volumes is a key indicator of our ability to generate significant shareholder returns at scale. Viewed in conjunction with the recent announcements from General Motors regarding our Solar Tree® structures and our current deployments for a major utility and a major government entity, we feel that our ability to scale up the business is now, more than ever, being demonstrated.”