Three Sixty Solar Receives First Purchase Order

Company converts LOI into Sale

VANCOUVER, British Columbia, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Three Sixty Solar Ltd. (NEO: VSOL) (OTC: VSOLF) (“Three Sixty,” “Three Sixty Solar,” or the “Company”), an innovative alternative energy design, manufacture, and sales organization focused on solar equipment supply to the global marketplace, is pleased to announce that they have received a purchase order from Rocky Mountain Log and Timber (“RMLT”) to proceed with the sale and installation of a Three Sixty Solar Tower in Hamilton, MT, USA.

Key Points:

• Valued at high six figures, RMLT issued a formal purchase order on November 27, 2023.
• Previously reported on October 19, 2023, Three Sixty signed an LOI with RMLT indicating their intent to install a solar tower at their headquarters in Hamilton, MT, USA.
• The purchase order is subject to final optimization engineering, permitting, and any necessary geotechnical and environmental assessments.
  

Three Sixty Solar’s CEO, Brian Roth states, “I’m excited to be working with Jake and Rocky Mountain on our first installation in the US. This first Purchase Order is an important milestone in our commercialization process and I’m proud of everyone who has worked so hard to get us to this point. Our whole team is excited to push this project into the delivery stage and we’re pleased to be doing it with Rocky Mountain. I believe that Jake’s commitment to moving this project forward and to helping promote solar towers with his customers will lead to success for both Three Sixty and Rocky Mountain in the new year.”

Rocky Mountain Log and Timber is a builder of premium log homes based in Hamilton, Montana, and operating throughout the northwestern United States. With substantial energy demands to run their timber operation, the solar tower is intended to provide renewable energy to the operations while fitting in the space available on site. As previously reported, both parties were working toward a November 30 target to perform a preliminary energy assessment and move to this purchase order.

Rocky Mountain Log and Timber Owner, Jake Hayes, adds, “We were looking for ways to add renewable energy to power our operations and to offer to our customers. We’re also excited that we will be able to include the Hook’d Broadband technology with this tower and that we can offer a connectivity solution to our clients on future projects. We are pleased to be working with Three Sixty and look forward to breaking ground in the spring.”