Categoría: Geovanny Vicente

ReneSola Power Announces Sale of 12.3 MW of Projects in Hungary

STAMFORD, Conn., Jan. 8, 2021 /PRNewswire/ — ReneSola Ltd («ReneSola Power» or the «Company») (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced that it entered into an agreement to sell a portfolio of projects located in Hungary to Obton, a leading international solar investment company headquartered in Aarhus,…

STAMFORD, Conn., Jan. 8, 2021 /PRNewswire/ — ReneSola Ltd («ReneSola Power» or the «Company») (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced that it entered into an agreement to sell a portfolio of projects located in Hungary to Obton, a leading international solar investment company headquartered in Aarhus, Denmark.

The portfolio comprises 20 solar plants in five locations, including Sárbogárd, Kömlöd, Szajol, Lukacshaza, and Törökszentmiklós, with a combined capacity of 12.3 MW.  These 20 solar projects, which were successfully connected to the grid in 2020, are now in operation and are qualified under the Hungarian 25-year KAT feed-in tariff scheme.

Mr. Josef Kastner, CEO of ReneSola European Region, commented, «Despite ongoing challenging macro conditions, our team continues to execute on our strategy and optimize our solar assets through strategic sales. Obton remains a valuable partner for us, and we are thrilled to once again collaborate on this transaction. We look forward to working with Obton in Hungary and other geographies across Europe in the future.»

ReneSola Power CEO Yumin Liu added, «Over the past several years, we have demonstrated our expertise in developing and operating solar projects, closing financing transactions and monetizing projects to generate profits in the downstream segment of the solar industry across Europe.  Hungary remains an important market for solar power in the EU, and this transaction further strengthens ReneSola Power’s market position in the country.  We are proud of our team, and believe we are well-positioned to drive more profitable growth in the quarters ahead.»

Mr. Anders Marcus, CEO and Co-founder of the Obton Group, said, «ReneSola Power is a trusted partner of Obton’s, and we are excited to increase our participation in the Hungarian solar market with the support from ReneSola Power. Importantly, we are encouraged that we were able to enter into an agreement despite the challenging circumstances.  We are also proud of our team for being effective, creative and goal-oriented, which we believe are the key competences for success.  We look forward to joining forces with ReneSola Power to pursue other project opportunities in Hungary and any other countries in the future.»

About ReneSola Power

ReneSola Power (NYSE: SOL) is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across a number of regions where the solar power project markets are growing rapidly, and can sustain that growth due to improved clarity around government policies. The Company’s strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and Europe, where the Company has a market-leading position in several geographies, including Poland, Hungary, Minnesota and New York.

About OBTON

Obton is an investment and development company that targets land and rooftop owners, developers and financial institutions with the goal of building a broad and risk-diverse portfolio of assets in the field of renewable energy. Our expertise includes development, funding and management of solar PV projects – primarily projects starting from EUR 10m for stable markets in Europe and North America.

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SOURCE ReneSola Ltd.

Precious Metals E-waste Recovery Market worth $11.8 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Jan. 8, 2021 /PRNewswire/ — According to the new market research report «Precious Metals E-Waste Recovery Market by Source(Household Appliances, It & Telecommunication, Consumer Electronics), Metal (Copper, Gold, Silver), & Geography – Global Forecast to…

CHICAGO, Jan. 8, 2021 /PRNewswire/ — According to the new market research report «Precious Metals E-Waste Recovery Market by Source(Household Appliances, It & Telecommunication, Consumer Electronics), Metal (Copper, Gold, Silver), & Geography – Global Forecast to 2025«, published by MarketsandMarkets™, the Precious Metals e-Waste Recovery Market is projected to grow from USD 9.4 billion in 2020 to USD 11.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period. Growing investments in precious metals in emerging countries of Asia Pacific, demand from end-use industries and the necessity to treat e-waste before disposal are the key factors driving the growth of the precious metals e-waste recovery market. 

MarketsandMarkets

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Copper is expected to be the fastest-growing metal segment of the precious metals e-waste recovery market.

Based on metal, the copper segment is projected to grow at the highest CAGR from 2020 to 2025. Use of copper in building construction, power generation and transmission, electronic product manufacturing, and the production of industrial machinery and transportation vehicles is expected to increase consumption of copper during the forecast period. Copper wiring and plumbing are also integral to the appliances, heating and cooling systems, and telecommunications links used every day in homes and businesses resulting in an increased consumption during the forecast period.  

Household Appliances is expected to be the fastest-growing source segment in the precious metals e-waste recovery market.

Based on source, the household appliances segment is expected to grow at the highest CAGR from 2020 to 2025. Household appliances are electric and electromechanical devices which assist in homemaking and home functions such as cooking, cleaning and food preservation. Increasing population, urbanization and rising disposable income are projected to increase demand for electronic household appliances during the forecast period.

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Asia Pacific is expected to be the fastest-growing regional segment in the precious metals e-waste recovery market.

The precious metals e-waste recovery market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. China, Japan, South Korea, Taiwan and Malaysia are the key countries contributing to the high demand for precious metals in the Asia Pacific region. Availability of cheap labor and raw materials has resulted in making Asia Pacific a preferred region for manufacturing facilities of electronic and automobile companies which consume precious metals for better conductivity and to limit pollution respectively. This makes Asia Pacific the fastest-growing region of the precious metals e-waste recovery market.

Some of the leading players operating in the precious metals e-waste recovery market include Johnson Matthey Plc (UK), Sims Limited (US), EnviroLeach Technologies Inc. (Canada), Umicore NV (Belgium), Materion Corporation (US), Boliden AB (Sweden), DOWA Holdings Co., Ltd. (Japan), Heraeus Holding GmbH (Germany), TES-AMM Pte. Ltd. (Singapore), Metallix Refining Inc. (US), and Tanaka Precious Metals (Japan) among others.

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Browse Adjacent Markets: Mining, Minerals and Metals Market Research Reports & Consulting

Related Reports:

Precious Metal Catalysts Market by Type (Platinum, Palladium, Rhodium, Iridium, Ruthenium) End-use Industry (Automobile, Pharmaceutical, Refinery), and Region – Global Forecast to 2022

https://www.marketsandmarkets.com/Market-Reports/precious-metal-catalysts-market-166753795.html

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SOURCE MarketsandMarkets

Bowman Completes the Acquisition of MEP Firm, KTA Group, Inc.

RESTON, Va., Jan. 7, 2021 /PRNewswire-PRWeb/ — Bowman Consulting Group, Ltd. («Bowman»), a provider of professional services to customers who own, develop, and maintain the built environment, announced today the completion of the previously announced acquisition of KTA Group, Inc. Founded in 1989, KTA is a forty person engineering firm with core expertise in mechanical, electrical and plumbing engineering, commissioning, third party plan review, and lighting design. The move supports Bowman’s…

RESTON, Va., Jan. 7, 2021 /PRNewswire-PRWeb/ — Bowman Consulting Group, Ltd. («Bowman»), a provider of professional services to customers who own, develop, and maintain the built environment, announced today the completion of the previously announced acquisition of KTA Group, Inc. Founded in 1989, KTA is a forty person engineering firm with core expertise in mechanical, electrical and plumbing engineering, commissioning, third party plan review, and lighting design. The move supports Bowman’s continued growth and substantially broadens its scope of service offerings.

«The completion of this acquisition signifies the launch of our initiative to accelerate growth by selective and intentional M&A,» said Gary Bowman, Chairman and CEO of Bowman. «I want to thank both teams for working tirelessly and collaboratively towards a smooth closing. Adding KTA’s comprehensive skillsets and experience greatly enhances our ability to serve as a one stop provider of design services to our clients.»

KTA’s CEO and founding partner, Mark Koblos commented: «Our combined strengths and cultural values of growth and entrepreneurial spirit sets a strong foundation for us to merge our critical attributes, technological capabilities, and engineering experience to continue serving our loyal customers.»

Koblos joins Bowman as Executive Vice President spearheading the firm’s MEP business development and national expansion strategy. Randolph Thompson, president of KTA will continue to lead KTA’s current team of engineering and support professionals out of its Herndon, Virginia office.

«With a successful acquisition behind us, I am confident that Bowman will continue to be a leader in the industry providing an extensive range of unmatched services,» said Thompson. «Our ultimate goal has always been to provide our clients with the most innovative and effective solutions, and I know that with Bowman we will be able to do that better than ever before.»

The deal closed on January 1st and has been structured as an asset purchase. Bowman expects this acquisition to be immediately accretive.
                                                                            ###
About Bowman
Bowman is a multi-disciplinary professional services firm offering a broad range of energy, infrastructure, real estate, and environmental management solutions to customers who own, develop, and maintain the built environment. With 750 employees working together across 25 offices nationwide, Bowman delivers environmentally conscious solutions that advance the quality of life in communities across the US. Core services include engineering, planning, surveying, geomatics, construction management, environmental consulting, landscape architecture, and right-of-way acquisition. For more information, visit http://www.bowman.com.

About KTA
KTA has provided engineering services throughout the United States since 1989 and is a nationally recognized leader in mechanical, electrical, and plumbing engineering design as well as third party plan review and commissioning services. Headquartered in Herndon, Virginia, the firm applies the most up to date industry technologies to design healthy facilities that are environmentally and fiscally sound. KTA serves several diverse markets including health care, educational facilities, commercial interiors, mission critical facilities, base buildings, and mixed use and residential buildings. For additional information, please visit http://www.ktagroup.com.

Media Contact

Katie Turner, Bowers PR & Marketing, 614-620-0927, katiek@bowerspr.com

 

SOURCE Bowman Consulting Group, Ltd.

Rep. Debbie Dingell Announces Recommitment to Drunk Driving Legislation at News Conference with MADD

WASHINGTON, Jan. 7, 2021 /PRNewswire-PRWeb/ — Marking two years since Rima and Issam Abbas and their three children were killed by a drunk driver, Congresswoman Debbie Dingell (D-MI) was joined at a January 7 virtual…

WASHINGTON, Jan. 7, 2021 /PRNewswire-PRWeb/ — Marking two years since Rima and Issam Abbas and their three children were killed by a drunk driver, Congresswoman Debbie Dingell (D-MI) was joined at a January 7 virtual news conference by Rana Abbas Taylor, friends of the Abbas children, and leaders of Mothers Against Drunk Driving® (MADD), to renew calls for legislative action in the new Congress to stop drunk driving. Early this year, Dingell will reintroduce legislation to advance the use of vehicle technology to prevent drunk driving.

In the last Congress, Dingell’s HALT (Honoring Abbas Family Legacy to Terminate Drunk Driving) Act — which honors the family of five that died when a drunk driver struck their SUV head-on while they were returning home to Michigan from a vacation — called for a process that would lead to drunk driving prevention technology as standard equipment in new vehicles in a few years. The House of Representatives passed this measure in 2020, but a similar bill, the RIDE (Reduce Impaired Driving for Everyone) Act, was introduced in the U.S. Senate with bipartisan support and was pending when the 116th Congress ended last month. Both bills therefore must be reintroduced in the new 117th Congress that convened this week.

«Congresswoman Dingell’s courageous and swift action to create legislation in my family’s honor that would end drunk driving is a testament to her leadership and commitment to those she serves,» said Rana Abbas Taylor, sister of the late Rima Abbas. «It is my hope that the auto industry and all legislators can join Congresswoman Dingell, MADD and my husband and I in doing what is right and putting an end to drunk driving once and for all. We need to do better. Enough is enough is enough.»

The Insurance Institute for Highway Safety released a study in July 2020 which found that more than 9,400 drunk driving deaths could be prevented each year when drunk driving prevention technology is made standard on every new car. Such systems include driver monitoring (which can detect signs of distracted, impaired or fatigued driving) and alcohol detection (which uses sensors to determine that a driver is under the influence of alcohol and then prevent the vehicle from moving). Technologies like these will be beneficial, not only to prevent drunk driving but to detect other dangerous behaviors that lead to crashes such as drowsy driving, distracted driving, and even medical emergencies.

«The good news is, the technology that could eliminate drunk driving already exists,» explained MADD’s new National President, Alex Otte. «It’s time for the new Congress to take the necessary steps for its implementation, and we are grateful for Congresswoman Dingell’s leadership on this lifesaving effort.»

About Mothers Against Drunk Driving
Founded in 1980 by a mother whose daughter was killed by a drunk driver, Mothers Against Drunk Driving® (MADD) is the nation’s largest nonprofit working to end drunk driving, help fight drugged driving, support the victims of these violent crimes and prevent underage drinking. MADD has helped to save nearly 400,000 lives, reduce drunk driving deaths by more than 50 percent and promote designating a non-drinking driver. MADD’s Campaign to Eliminate Drunk Driving® calls for law enforcement support, ignition interlocks for all offenders and advanced vehicle technology. MADD has provided supportive services to nearly one million drunk and drugged driving victims and survivors at no charge through local victim advocates and the 24-Hour Victim Help Line 1-877-MADD-HELP. Visit http://www.madd.org or call 1-877-ASK-MADD.

Media Contact

Becky Iannotta, MADD, 202.600.2032, becky.iannotta@madd.org

Kathleen Silverstein, On The Marc Media, 410-963-2345, kathleen@onthemarcmedia.com

Twitter, Facebook

 

SOURCE MADD

Francisca Restaurant anuncia en Times Square sus planes de expansión para 2021

MIAMI, 7 de enero de 2021 /PRNewswire-HISPANIC PR WIRE/ — Tras el anuncio oficial con una campaña audiovisual en Times Square, Francisca Restaurant — uno de los conceptos gastronómicos latinoamericanos más exitosos de Miami — informó que abrirá 12 nuevas locaciones en Florida como parte de sus proyectos de expansión para este 2021.

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MIAMI, 7 de enero de 2021 /PRNewswire-HISPANIC PR WIRE/ — Tras el anuncio oficial con una campaña audiovisual en Times Square, Francisca Restaurant — uno de los conceptos gastronómicos latinoamericanos más exitosos de Miami — informó que abrirá 12 nuevas locaciones en Florida como parte de sus proyectos de expansión para este 2021.

El video con la noticia, difundido desde el corazón publicitario de Estados Unidos, forma parte de una campaña que exalta la historia de Francisca, luego de su apertura en 2016 en la ciudad de Doral y sus planes de consolidación en el mercado norteamericano en los últimos años.

«Estamos felices de compartir este anuncio con nuestros clientes y aliados. El crecimiento de Francisca Restaurant, una marca con sello venezolano se debe al inmenso apoyo que hemos recibido desde el primer día. Luego de cientos de peticiones, decidimos abrir más sedes en otras ciudades de Florida«, informó Jesús Pita, CEO de la compañía, desde Nueva York.

Después de la inauguración del primer local en Doral hace 4 años, Francisca Restaurant cuenta con otras 3 sedes operativas en Miami, Miami Lakes y Miramar y actualmente genera más de 190 empleos para la comunidad. Las próximas ciudades donde se abrirán nuevas sedes son Brickell, Orlando, Kendall, Davie y otras que se anunciarán próximamente.

Levin de Grazia, CEO de Bocas Group, dijo que los planes de la corporación se enfocan en llevar los sabores latinoamericanos a toda Florida y Estados Unidos y que Francisca ofrecerá la posibilidad participar a pequeños, medianos empresarios y emprendedores a invertir en una licencia para trabajar y crecer bajo el respaldo de una de las marcas más exitosas en el sector de restaurantes en el Sur de la Florida.

Bajo el eslogan El éxito se cocina al carbón, Francisca Restaurant se consolidó como la sede del pollo al carbón de Miami, único en su estilo y sabor, y como lugar de encuentro y celebración de la gastronomía latinoamericana.

El orgullo por las tradiciones de nuestra cocina se materializa en la historia de Francisca, una mujer venezolana que recorrió toda Latinoamérica y logró rendir tributo a nuestros sabores. Hoy este honor crece y se consolida gracias a una visión de trabajo duro, obsesión por la calidad, el servicio y la pasión por la cocina.

Foto – https://mma.prnewswire.com/media/1396616/Francisca_Restaurant_Times_Square.jpg

FUENTE Francisca Restaurant

WOLF School Honors Its 2020 Award Winner Antonella De La Tore

APTOS, Calif., Jan. 7, 2021 /PRNewswire-PRWeb/ — The Web of Life Field (WOLF) School is proud to announce its 2020 Award Winner for WOLF School Staff of the Year– Antonella de la Tore. A naturalist teacher and a true rising leader at the WOLF School, Antonella has been…

APTOS, Calif., Jan. 7, 2021 /PRNewswire-PRWeb/ — The Web of Life Field (WOLF) School is proud to announce its 2020 Award Winner for WOLF School Staff of the Year– Antonella de la Tore. A naturalist teacher and a true rising leader at the WOLF School, Antonella has been teaching at WOLF since her hire in late 2017. She has been an excellent teacher and leader for her students, and has also become a leader on the staff, leading trainings, improving our systems, and helping create opportunities for our staff to learn to be better teachers. She is a consistent advocate for equity. While Covid-19 has given most WOLF staff a break from teaching after March 2020, Antonella has been busy creating, growing, and working independently to create opportunities for youth.

Antonella is currently in the process of creating a new organization called PUENTES Wilderness Immersion, a Spanish-English multi-week backpacking program for young adults. This program aims to bridge divides that exist due to historical and systemic inequities by providing free opportunities for groups of 10-12 folks to immerse themselves in California landscapes and return to their communities with new experiences and connections. Her program is centered on increasing BIPOC’s access to the outdoors by prioritizing equitable and inclusive programming and a decolonized curriculum. She is hoping to pilot PUENTES in the Summer of 2023 and will be looking for board members soon (if board membership interests you, use the contact info provided in this Press Release.

She also recently completed the eight month Rising Leaders Fellowship through Youth Outside– a professional development fellowship program for outdoor educators with a focus in social justice, intentional communication, youth empowerment, curriculum development. Through this fellowship she also received coaching on Trauma Informed Youth Development and is hoping to continue training in the mental health field to be a more well-rounded educator and overall mentor to young people.

We are looking forward to seeing Antonella’s future work with youth and offer her our congratulations and many thanks for all her contributions at WOLF School!

Media Contact

Heather Butler, WOLF School, (831) 684-0148, hbutler@wolfschool.org

 

SOURCE WOLF School

Francisca Restaurant Announces Its Expansion Plans For 2021 In Times Square

MIAMI, Jan. 7, 2021 /PRNewswire-HISPANIC PR WIRE/ — Today, during the official announcement in Times Square, Francisca Restaurant — one of the most successful Latin American gastronomic concepts in Miami — reported that it will open 12 new locations in Florida as part of its expansion plan for 2021.

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MIAMI, Jan. 7, 2021 /PRNewswire-HISPANIC PR WIRE/ — Today, during the official announcement in Times Square, Francisca Restaurant — one of the most successful Latin American gastronomic concepts in Miami — reported that it will open 12 new locations in Florida as part of its expansion plan for 2021.

FRANCISCA RESTAURANT ANNOUNCES ITS EXPANSION PLANS FOR 2021 IN TIMES SQUARE

«We are happy to share this announcement with our clients and partners. The growth of Francisca Restaurant, a brand with a Venezuelan stamp, is due to the immense support we have received since our opening. After hundreds of requests, we decided to open more locations in other cities in Florida,» informed Jesús Pita, CEO of the company, from New York.

After the opening of the first location in Doral 4 years ago, Francisca Restaurant has opened 2 other locations in Miami Lakes and Miramar and currently generates more than 190 jobs for the community. The next cities where new locations will open are Brickell, Orlando, Kendall, Davie and others to be announced soon.

Levin de Grazia, CEO of Bocas Group, said that the corporation’s plans are focused on bringing Latin American flavors to Florida and the United States. Francisca Restaurant will offer the possibility to small and medium-sized entrepreneurs to invest in a license to work and grow under the backing of one of the most successful brands in the restaurant industry in South Florida.

Under their slogan «Success is cooked over charcoal», Francisca Restaurant established itself as the headquarters of Miami’s charcoal chicken. Unique in its style and flavor, and as a meeting place to celebrate Latin American gastronomy.

The pride in the traditions of our cuisine is embodied in the story of Francisca, a Venezuelan woman who traveled throughout Latin America and managed to pay tribute to our flavors. Today, this honor grows and is consolidated thanks to a vision of hard work, high quality standards, service and a passion for cooking.

Photo – https://mma.prnewswire.com/media/1396572/Francisca_Restaurant_Times_Square.jpg

SOURCE Francisca Restaurant

Francisca Restaurant Announces Its Expansion Plans For 2021 In Times Square

MIAMI, Jan. 7, 2021 /PRNewswire/ — Today, during the official announcement in Times Square, Francisca Restaurant -one of the most successful Latin American gastronomic concepts in Miami– reported that it will open 12 new locations in Florida as part of its expansion plan for 2021.

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MIAMI, Jan. 7, 2021 /PRNewswire/ — Today, during the official announcement in Times Square, Francisca Restaurant -one of the most successful Latin American gastronomic concepts in Miami– reported that it will open 12 new locations in Florida as part of its expansion plan for 2021.

«We are happy to share this announcement with our clients and partners. The growth of Francisca Restaurant, a brand with a Venezuelan stamp, is due to the immense support we have received since our opening. After hundreds of requests, we decided to open more locations in other cities in Florida,» informed Jesús Pita, CEO of the company, from New York.

After the opening of the first location in Doral 4 years ago, Francisca Restaurant has opened 2 other locations in Miami Lakes and Miramar and currently generates more than 190 jobs for the community. The next cities where new locations will open are Brickell, Orlando, Kendall, Davie and others to be announced soon.

Levin de Grazia, CEO of Bocas Group, said that the corporation’s plans are focused on bringing Latin American flavors to Florida and the United States. Francisca Restaurant will offer the possibility to small and medium-sized entrepreneurs to invest in a license to work and grow under the backing of one of the most successful brands in the restaurant industry in South Florida.

Under their slogan «Success is cooked over charcoal», Francisca Restaurant established itself as the headquarters of Miami’s charcoal chicken. Unique in its style and flavor, and as a meeting place to celebrate Latin American gastronomy.

The pride in the traditions of our cuisine is embodied in the story of Francisca, a Venezuelan woman who traveled throughout Latin America and managed to pay tribute to our flavors. Today, this honor grows and is consolidated thanks to a vision of hard work, high quality standards, service and a passion for cooking.

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SOURCE Francisca Restaurant

SinglePoint Announces Capital Re-Structuring and Spin-Off of Non-Core Asset, 1606 Corp., to All Shareholders

PHOENIX, Jan. 7, 2021 /PRNewswire/ — SinglePoint Inc. (OTC: SING) («SinglePoint» or the «Company»), a company focused on providing renewable energy solutions, today announced the Company will affect a 1-for-75 reverse split of its issued and outstanding shares of common stock. Additionally, the Company will, on a 1-for-1…

PHOENIX, Jan. 7, 2021 /PRNewswire/ — SinglePoint Inc. (OTC: SING) («SinglePoint» or the «Company»), a company focused on providing renewable energy solutions, today announced the Company will affect a 1-for-75 reverse split of its issued and outstanding shares of common stock. Additionally, the Company will, on a 1-for-1 basis, spin-off of 1606 Corp. to its shareholders, which will become its own entity. The spin-off and the effectiveness of the reverse stock split will occur after the filing of required documentation with SEC and Finra, and the expiration of proscribed time limits after mailing of materials to shareholders.

The solar energy market is experiencing exponential growing demand and is expected to reach $223 billion by 20261. To help sustain this growth, there is expected to be significant government support with investing heavily in renewable energy through direct investments, subsidies as well as tax credits. SinglePoint intends to evaluate additional opportunities for strategic spin-off’s, combinations, sale and/or purchase of other non-core, non-alternative energy assets to streamline offering and accelerate positioning of SinglePoint as leader in renewable energy solutions.

«This represents a key component in our planned, multi-stepped approach towards uplisting to a national exchange and enhancing shareholder value. By taking this initial step of separating into two independent companies, each business will have the ability to enhance focus on its significant market opportunities and evolve into two industry-leading companies, each one entirely focused on delivering quality products and services,» commented Greg Lambrecht, Chairman and CEO of SinglePoint. «Our team is laser-focused on establishing a rich portfolio of leading renewable energy solutions and leveraging the rapidly growing solar market to build short- and long-term value. We believe this is a significant moment for SinglePoint and look forward to providing continued updates as we execute our deliberate path forward.»

The brand 1606 was launched in October 2019, based upon indicated market interest received at the 2019 NACS show from major retailers and distributors. 1606 was designed to be the premium brand and continues to innovate and differentiate itself as evidenced by the recent introduction of a six pack point of sale display unit designed to be placed on countertops or next to the register retail locations across the nation.

«Our team is committed to building shareholder value and expanding our market exposure. After months of discussions with partners and financial institutions, we believe that this is the best path forward in providing the Company the optimal opportunity to grow and achieve our ultimate goal of listing on a national exchange. We believe that by successfully executing this reverse split and a spin-off of one of our designated non-core assets, we have a greater potential in gaining increased attention from larger institutional and family office investors that have the ability to provide accretive capital,» added Wil Ralston, President of SinglePoint.

About SinglePoint Inc.

SinglePoint Inc. is a company focused on providing renewable energy solutions to consumers and small commercial businesses. SinglePoint is committed to building the largest network of renewable energy solutions and modernizing the traditional model. For more information, visit the Company’s website (www.singlepoint.com) and connect on LinkedIn and Twitter.

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential of listing on a national exchange, the spin-off, operations of 1606, solar operations and future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Investor Contact:

JTC Team, LLC
Jenene Thomas
833-475-8247
SING@jtcir.com

1 Valuates Reports; Solar Energy Market by Technology (Photovoltaic Systems and Concentrated Solar Power Systems), by Solar Module (Monocrystalline, Polycrystalline, Cadmium Telluride, Amorphous Silicon Cells, and Others), by Application (Residential, Commercial and Industrial) and End-Use (Electricity Generation, Heating, Charging and Lighting): Global Opportunity Analysis and Industry Forecast, 2019-2026

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SOURCE SinglePoint Inc.

SunPower Corporation to Close Manufacturing Facility in Hillsboro, Oregon

SAN JOSE, Calif., Jan. 7, 2021 /PRNewswire/ — SunPower Corp. (NASDAQ:SPWR), a leading solar technology and energy services provider, today announced that it will close SunPower Manufacturing Oregon, LLC, its solar panel manufacturing plant in Hillsboro, Ore.   

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SAN JOSE, Calif., Jan. 7, 2021 /PRNewswire/ — SunPower Corp. (NASDAQ:SPWR), a leading solar technology and energy services provider, today announced that it will close SunPower Manufacturing Oregon, LLC, its solar panel manufacturing plant in Hillsboro, Ore.   

«We made the difficult but necessary decision to close our plant after careful evaluation and the change in focus of our business over recent months,» said Tom Werner, CEO and chairman of the board of SunPower. «We recognize how hard this is for all the employees impacted and are dedicated to helping them through this transition.»   

In August 2020, SunPower completed the spin-off of Maxeon Solar Technologies, Ltd. The spin-off encompassed international panel manufacturing and associated sales, which is now run by Maxeon. Following the split, SunPower is focused on innovative solar and battery storage system sales and services for customers in the U.S. and Canada, as well as developing downstream energy services products like energy management software. SunPower is continuing to provide the most powerful and efficient solar panels through a supply agreement with Maxeon.

The decision to close the plant will impact approximately 170 employees. SunPower will provide all impacted employees with comprehensive separation packages, including severance, work transition assistance and six months of COBRA for continuation of health insurance coverage.  The company will source and present open positions from other area employers, host a virtual job fair to assist in securing new employment, and encourage employees to apply for open positions at SunPower if they are willing to relocate.

The company is taking steps to cease operations by March 2021 and complete the wind-down of the facility in early June while simultaneously looking into other options.  These include selling the plant, exploring a joint venture option or assessing potential partnerships. 

SunPower will continue its distributed generation investments consistent with its business strategy. Its U.S. workforce of about 1,200 employees in numerous cities across ten states is currently growing with demand. Additionally, SunPower has a network of more than 700 independent residential and commercial dealers across 46 states – each its own small business – totaling more than 17,000 U.S. jobs.

About SunPower
Headquartered in California’s Silicon Valley, SunPower (NASDAQ:SPWR) is a leading Distributed Generation Storage and Energy Services provider in North America. SunPower offers the only solar + storage solution designed and warranted by one company that gives customers control over electricity consumption and resiliency during power outages while providing cost savings to homeowners, businesses, governments, schools and utilities. For more information, visit www.sunpower.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding our plans for, and the timing and impact of, shutdown of our Oregon manufacturing facility, and our future areas of focus. These forward-looking statements are based on our current assumptions, expectations and beliefs and involve substantial risks and uncertainties that may cause results, performance or achievement to materially differ from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: (1) the timing and execution of restructuring plans; (2) employee management and retention issues that may arise; (3) estimates and assumptions related to the cost of exiting employees, modifying or terminating lease and other real estate obligations, and other associated costs; (4) potential disruptions to our operations and supply chain that may result from epidemics or natural disasters, including impacts of the Covid-19 pandemic; and (5) changes in public policy, including the imposition and applicability of tariffs. A detailed discussion of these factors and other risks that affect our business is included in filings we make with the Securities and Exchange Commission (SEC) from time to time, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading «Risk Factors.» Copies of these filings are available online from the SEC or on the SEC Filings section of our Investor Relations website at investors.sunpower.com. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events.

©2021 SunPower Corporation.  All Rights Reserved.  SUNPOWER and the SUNPOWER logo are registered trademarks of SunPower Corporation in the U.S.

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SOURCE SunPower Corp.