321 0 Kommentare Solar Integrated Roofing Corp. Provides Mid-Year Corporate Update Letter to Shareholders

HENDERSON, Nev., June 30, 2023 (GLOBE NEWSWIRE) -- Solar Integrated Roofing Corp. (OTC:SIRC) (“SIRC” or the “Company”), an integrated, single-source solutions provider of solar power, roofing and EV charging systems, provided a comprehensive mid-year corporate update letter to shareholders from the Company’s Chief Executive Officer, Brad Rinehart, and President & COO, Troy Clymer.

Dear Shareholders,

SIRC has experienced significant evolution in the first half of 2023, with considerable positive changes occurring in the second quarter as we position the Company for forward scale. During the second quarter ended June 30^th, 2023, we had a change in control including the upgrading of our executive management team, re-populating our Board of Directors and the positive exit of our founder and former CEO and Chairman from the organization. These changes were accompanied by our execution of a binding letter of Commitment (“LOC”) with Tribeca Energy, a new holding company represented by Global Fund LLC & Neo Energy Storage Ltd. As we previously disclosed, Tribeca Energy shall consummate a merger agreement to list on the NYSE or Nasdaq by October 30, 2023, pending completion of all relevant and necessary documents, and no later than 12 months from the time of the LOC’s execution.

Our vision for Tribeca Energy is to achieve the decarbonizing of the energy grid by focusing on renewable energy, long-duration energy storage (LDES) solutions, and distributed energy supplies to ultimately transform the world economy through energy security. We are highly confident in our ability to realize this vision with the agreement between Tribeca & SIRC creating a strong foundation for long-term growth. We also reinvested in company culture while making significant progress toward cleaning up our balance sheet and striding toward becoming cash flow positive.

To highlight some operational updates related to our EV Division and PLEMCo we want to shed some light on some of PLEMCo’s current projects. PLEMCo has completed EVSE Projects at the following LA County locations in the past few months:

Acton, 10 Powerflex EV Chargers
Rosemead, 26 Powerflex EV Chargers
El Monte, 9 Powerflex EV Chargers
La Canada, 12 Powerflex EV Chargers
Long Beach, 8 Powerflex EV Chargers
High Desert Lancaster, 19 Powerflex EV Chargers
Santa Clarita, 10 Powerflex EV Chargers
Pomona, 20 Powerflex EV Chargers
Altadena 10 Powerflex EV Chargers
Whittier, 12 Powerflex EV Chargers
East LA, 24 Powerflex EV Chargers
City Terrace, 8 Powerflex EV Chargers
K6 Lancaster, 40 Powerflex EV Chargers
EVSE project at the Barstow Veterans Home under contract with California DGS installing 12 EV Charging stations