Breaking #Solar
#Stock News-Solar
Integrated Roofing (OTC: $SIRC) Signs Agreement with Applicant of $500,000,000
USTDA Grant; @SIRCStock
Solectrac,
Inc., to Supply Solar Panels and Related Equipment and Installation
Agreement
includes supplying new and existing Solectrac clients and grant projects
EL CAJON, Calif., December 8, 2020-Breaking renewable energy stock news from Investorideas.com Newswire and RenewableEnergyStocks.com - Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single-source solar power, HVAC and roofing systems installation company, today announces the signing of an agreement with Solectrac, Inc, an electric tractor developer and manufacturer located in Northern California and an applicant for a $500,000,000 USTDA grant.
Read
this news, featuring SIRC in full at https://www.investorideas.com/news/2020/renewable-energy/12081SIRC-USTDA-Grant.asp
Solar
Integrated Roofing will provide solar panels, electric storage and other power
devices along with installation services to Solectrac’s existing customers and
grant projects where applicable. This agreement also includes future clients’
customers and grants.
The
$75B global agricultural tractor market is largely supplied by diesel powered
equipment. The continual global demand to reduce pollution with sustainable
electric vehicles has propelled the electric powered tractor market to the
forefront of agricultural development, efficiency and sales. Solectrac already
has a 30 HP-equivalent compact electric tractor (CET) and a 40 HP-equivalent
eUtility in the largest segment, the under 40 HP category, and is developing a
70 HP-equivalent utility model and a 40 HP row crop model, further expanding
their market opportunities.
“The
growth in the global agricultural market for alternative powered tractors is
growing exponentially as can be seen just by the increased interest in our products.
Signing an agreement with Solar Integrated Roofing provides us with a
sustainable, efficient and off-grid electrical system to power our tractors.
We’ll now be able to supply complete systems across the globe, regardless of
the power grid connectivity or lack thereof, while reducing the equipment costs
for our clients,'' commented Steve Heckeroth, CEO of Solectrac, Inc.
“Our
highly developed, near turnkey level, product and services are perfectly suited
for expansion into the agricultural equipment market and brings new
opportunities for us to rapidly move into the under-served rural farming
communities throughout the U.S. Solectrac has shown top of the line sustainable
equipment with reduced downtime, maintenance and fuel costs. Melding our solar
technology with Solectrac’s farming equipment will bring significant growth and
benefit to this multi-billion-dollar industry. We look forward to working
closely with Solectrac, bringing much needed efficiency and savings to the
strained agricultural markets,” said David Massey, Chief Executive Officer of
Solar Integrated Roofing Corporation.
About
Solectrac
Solectrac,
Inc., a California Benefit Corporation and a certified B Corporation, located
in Northern California, has developed 100% battery powered, all electric
tractors for agriculture and utility operations. Solectrac tractors provide an
opportunity for farmers around the world to power their tractors by using the
sun, wind, and other clean renewable sources of energy. The company's mission
is to offer farmers independence from the pollution, infrastructure, and price
volatility associated with fossil fuels.
Ideanomics
(NASDAQ: IDEX) is a 24% owner with $2.6 M of investment as of last month. More
information on Ideanomics can be found on their website: https://ideanomics.com/. A
recent write-up from Indeanomics and Solectrac on electric tractors: https://ideanomics.com/wp-content/uploads/2020/11/Solectrac_11_11_2020.pdf
USTDA
- The U.S. Trade and Development Agency is an independent agency of the United
States government, formed in 1992 to advance economic development and U.S.
commercial interests in developing and middle-income countries.
About
Solar Integrated Roofing Corp.
Solar Integrated Roofing Corporation (OTC: SIRC), is an integrated,
single-source solar power and roofing systems installation company specializing
in commercial and residential properties in the Southern California market. For
more information, please visit the Company’s website at www.solarintegratedroofingcorp.com.
Forward-Looking
Statements
Any statements made in this press release which are not historical
facts contain certain forward-looking statements; as such term is defined in
the Private Security Litigation Reform Act of 1995, concerning potential
developments affecting the business, prospects, financial condition and other
aspects of the company to which this release pertains. The actual results of
the specific items described in this release, and the company’s operations
generally, may differ materially from what is projected in such forward-looking
statements. Although such statements are based upon the best judgments of
management of the company as of the date of this release, significant
deviations in magnitude, timing and other factors may result from business
risks and uncertainties including, without limitation, the company’s dependence
on third parties, general market and economic conditions, technical factors,
the availability of outside capital, receipt of revenues and other factors,
many of which are beyond the control of the company. The company disclaims any
obligation to update the information contained in any forward-looking
statement. This press release shall not be deemed a general solicitation.
Investor Relations
Contact:
Lucas
A. Zimmerman
Senior
Vice President
MZ
North America
Main:
949-259-4987
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