EL CAJON, CA / ACCESSWIRE / March 25, 2021 / Solar Integrated Roofing Corp. (OTC Pink: SIRC), an integrated installation company for solar energy and roof systems from a single source, today issued a company update on short-term operations and capital out marketing milestone achievements.
“As we transition to a national brand with various portfolio companies across the country, we will seek to qualify in the OTCQB in the short term and then advance to Nasdaq,” said David Massey, chief executive officer of Solar Integrated Roofing Corp. “This marks a new era for our shareholders as we continue to mature and improve our standing in the capital markets community.
“We are expanding the breadth and depth of our partnerships with key players in the industry, most recently with Sunrun, the nation’s leading solar, battery storage and energy services company, to become a rooftop installation partner. I believe this exciting partnership could do just that.” Over time, scale to 30 installs per month and look forward to growing our relationship over the coming months.
“As we continue to integrate acquisitions and realize synergies between our portfolio companies, we aim to establish normalized systems and operating procedures to reduce duplicate costs and increase profitability at the corporate level. To this end, we are working on approvals with both Sunrun and Sunrun Vivint uses its Sales platforms to see Power Purchase Agreements (PPAs) in several key states across the country, “continued Massey.
“With our primary focus on becoming a cohesive, nationwide platform company for roofers and solar installers, these strategic partnerships will support operational stability as we continue to grow through acquisitions in key markets across the country. We currently have approximately 50 sales -60 million US dollars Annual sales rate, which we intend to increase to 100 million US dollars in the short term through continued acquisitions. Once this point has been reached, we will slow down the pace of acquisitions in order to concentrate on consolidating, realizing synergies and maximizing focus on short term profitability.
The story goes on
“We anticipate that our robust balance sheet, which was over $ 11 million in cash as of February 28, 2021, will be sufficient to meet short-term needs. However, this will help further strengthen our liquidity position and ours Expand growth initiatives We recently applied for a US Department of Energy grant that could provide between $ 20 million and $ 40 million to support the nationwide deployment of dedicated electric vehicle charging solutions through our various corporate brands.
“With these new partnerships, the acceleration in momentum and our planned increase, I believe we are better positioned to deliver value to our shareholders than ever before in our history as a public company. I look forward to announcing further milestones Success in the coming months if we continue our breakneck pace of operational execution, “concluded Massey.
About Solar Integrated Roofing Corp.
Solar Integrated Roofing Corporation (OTC: SIRC) is a one-stop, integrated solar and roof installation company specializing in commercial and residential real estate in the Southern California market. The company’s wide range of solutions includes the sale and installation of solar systems, battery fuses and charging stations for electric vehicles (EV) for roofers, air conditioning and related electrical installation work. For more information, please visit the company’s website at www.solarintegratedroofing.com.
All statements made in this press release that are not historical facts contain certain forward-looking statements. As such a term is defined in the Private Security Litigation Reform Act of 1995, which addresses potential developments that have an impact on the business, prospects, financial condition and other aspects of the company to which this news release relates. Actual results on the specific items described in this press release, and the company’s business in general, could differ materially from those projected in such forward-looking statements. While such statements are based on the best estimates of the company’s management as of the date of this publication, material differences in size, timing, and other factors may result from business risks and uncertainties, including, without limitation, the company’s reliance on third parties, general market conditions and economic conditions, technical factors, availability of debt, receipt of income, and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in forward-looking statements. This press release is not intended as a general solicitation.
Investor Relations Contact:
Lucas A. Zimmerman
Senior Vice President
MZ North America
SOURCE: Solar Integrated Roof Corp.
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