Categoría: Geovanny Vicente

ReTo Eco-Solutions Reports First Half of 2020 Financial Results

BEIJING, Dec. 22, 2020 /PRNewswire/ — ReTo Eco-Solutions, Inc. (NASDAQ: RETO) («ReTo» or the «Company»), a provider of technology solutions for the improvement of ecological environments, today announced its financial results for the six months ended June 30, 2020. ReTo is a manufacturer and distributor of eco-friendly construction materials as well as equipment used for the production of eco-friendly construction materials. ReTo also engages in consultation, design,…

BEIJING, Dec. 22, 2020 /PRNewswire/ — ReTo Eco-Solutions, Inc. (NASDAQ: RETO) («ReTo» or the «Company»), a provider of technology solutions for the improvement of ecological environments, today announced its financial results for the six months ended June 30, 2020. ReTo is a manufacturer and distributor of eco-friendly construction materials as well as equipment used for the production of eco-friendly construction materials. ReTo also engages in consultation, design, project implementation, and construction of urban ecological projects, including those for the purpose of capturing, controlling, and reusing rainwater, commonly called «sponge cities.»

Mr. Hengfang Li, Chairman and Chief Executive Officer of ReTo, commented, «As was the case for most companies, COVID-19 had a significant negative impact on our business throughout 2020. Unfortunately, projects we were anticipating to contribute to revenue never materialized due to forced closures. As a result of COVID-19 related business and government closures, logistic complications, delays and higher costs, and the cancellation or delay in the delivery of products and services to customers, our financial results for the first six months of 2020 were negative when compared to the first six months of 2019.»

Net revenue for the six months ended June 30, 2020 was $3.14 million compared to $14.13 million for the same period of last year. The decrease was primarily due to the materially adverse impact of COVID-19 on the economy, ReTo’s operations, its customers, and its supply chain. Revenue from machinery and equipment, construction materials, and municipal construction projects accounted for 43.6%, 52.0%, and 4.4%, respectively, of total revenue for the six months ended June 30, 2020, compared to 48.0%, 51.5%, and 0.5%, respectively, for the same period of last year.

Cost of revenue was $2.88 million for the six months ended June 30, 2020 compared to $10.70 million for the same period of last year, which reflected the decrease in revenue over the same period. Gross profit was $0.26 million for the six months ended June 30, 2020 compared to $3.44 million for the same period of last year. Gross margin was 8.2% for the six months ended June 30, 2020 compared to 24.3% for the same period of last year. Net loss attributable to ReTo was $3.7 million, or $0.16 per basic and diluted share, as compared to a net loss of $3.0 million, or $0.13 per basic and diluted share in the year-ago period. The six-month period ended June 30, 2020 included a $2.19 million one-time gain from the disposal of a subsidiary.

As of June 30, 2020, the Company had balance of cash and cash equivalents of approximately $0.2 million, with an accounts receivable balance of approximately $6.7 million, of which approximately $1.3 million was subsequently collected after June 30, 2020, with the remaining balance expected to be substantially collected before June 30, 2021. The Company is working to improve its liquidity and capital sources mainly through cash flow from its operations, renewal of bank borrowings, borrowing from related parties, and potential equity financings, but it cannot guarantee the timing or a positive outcome leading to a substantial doubt about the Company’s ability to continue as a going concern for the next 12 months based on its unaudited condensed consolidated financial statements.

Mr. Hengfang Li continued, «We believe we have solid long-term business fundamentals based on the growing demand for eco-friendly solutions. Our focus is on reducing operating expenses and overhead wherever possible as we align our cost structure with the current business level. We have seen an improvement in the operating environment in the second half of 2020 and expect a continued improvement in 2021. We are excited about our long-term fundamentals and believe we will emerge from 2020 in a stronger position as we are now offering customers additional features and customized configurations on our machinery and equipment products. We will continue to devote our efforts to manufacturing equipment used for production of eco-friendly construction materials.

In addition, with more stringent environmental regulations being enforced in China, many companies have to replace older equipment with more environmentally friendly equipment. We believe our products can provide an ideal solution for these companies and will work to capitalize on this potential growth opportunity. In line with our development strategy, we have started several ecological restoration projects in cooperation with local governments and state-owned companies. We believe these projects will contribute our business growth in 2021.»

Recent Developments

On July 13, 2020, ReTo transferred its 55% equity interests in Yunnan Litu Technology Development Co., Ltd. («Yunnan Litu») to third parties for a nominal price given the inactivity of Yunnan Litu’s business operations since its inception and ReTo’s ongoing focus on its own organic business growth.

On September 7, 2020, Beijing REIT Technology Development Co., Ltd. («Beijing REIT») entered into a share transfer agreement with the original shareholder of Shexian Ruibo Environmental Science and Technology Co., Ltd. («Shexian Ruibo») for the acquisition of 41.67% of the equity interests in Shexian Ruibo for a total consideration of $3.6 million (RMB 25 million), including a cash payment of $2.7 million (RMB 18.5 million) and non-cash contribution of six patents valued at $0.9 million (RMB 6.5 million). Beijing REIT made the cash payment of $2.7 million (RMB 18.5 million) on October 20, 2020 and the six patents had been transferred to Shexian Ruibo prior to September 15, 2020.

About ReTo Eco-Solutions, Inc. (NASDAQ: RETO)

Founded in 1999, ReTo (NASDAQ: RETO), through its proprietary technologies, systems and solutions, is striving to bring clean water and fertile soil to communities worldwide. The Company offers a full range of products and services, ranging from the production of environmentally-friendly construction materials, environmental protection equipment, and manufacturing equipment used to produce environmentally-friendly construction materials, to project consulting, design, and installation for the improvement of ecological environments, such as ecological soil restoration through solid waste treatment. For more information, please visit: http://en.retoeco.com

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as «may,» «will,» «intend,» «should,» «believe,» «expect,» «anticipate,» «project,» «estimate,» or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Specifically, the Company’s statements regarding: 1) the ability of additional features and customized configurations on its machinery and equipment products to attract new customers; 2) the ability of the growth of its business to resume in the near future; and 3) the further spread of COVID-19 or the occurrence of another wave of cases and the impact it may have on the Company’s operations are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the construction industry in China; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

 

 

RETO ECO-SOLUTIONS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

June 30,

December 31,

2020

2019

ASSETS

(Unaudited)

Current Assets:

Cash and cash equivalents

$

202,078

$

897,281

Restricted cash

83,005

84,237

Accounts receivable, net – third parties

6,590,699

11,252,002

Accounts receivable, net – related party

96,661

469,474

Advances to suppliers, net – third parties

3,793,935

2,449,629

Advances to suppliers, net – related parties

3,043,191

–

Inventories, net

2,704,139

888,203

Prepayments and other current assets

2,951,906

435,273

Prepayment for construction of properties

3,608,250

3,661,800

Current assets held for sale associated with discontinued operation of Gu’an REIT

–

5,326,348

Total Current Assets

23,073,864

25,464,247

Property, plant, and equipment, net

35,910,908

37,457,643

Intangible assets, net

5,982,569

6,145,179

Long-term investment in equity investee

–

28,720

Right-of-use assets

603,535

505,630

Non-current assets held for sale associated with discontinued operation of Gu’an REIT

–

1,193,825

Total Assets

$

65,570,876

$

70,795,244

LIABILITIES AND EQUITY

Current Liabilities:

Short term loans

$

6,042,188

$

8,309,098

Long term bank loans – current portion

2,369,643

1,436,000

Advances from customers

4,510,113

3,087,315

Deferred revenue

460,661

471,375

Accounts payable

1,645,417

1,151,570

Accounts payable – related party

416,534

1,485,049

Accrued and other liabilities

4,165,919

2,487,616

Taxes payable

1,824,407

1,806,777

Due to related parties

2,887,208

405,222

Operating lease liabilities, current

305,452

177,903

Advance payment from the buyer associated with discontinued operation of Gu’an REIT

–

1,392,920

Current liabilities held for sale associated with discontinued operation of Gu’an REIT

–

3,004,924

Total Current Liabilities

24,672,542

25,215,769

Long-term bank loans

6,226,000

7,323,600

Operating lease liabilities – noncurrent

278,301

301,012

Total Liabilities

31,131,843

32,840,381

Commitments and Contingencies

Shareholders’ Equity:

Common shares, $0.001 par value, 200,000,000 shares authorized, 24,135,000 shares and
    23,160,000 shares issued and outstanding as of June 30, 2020 and December 31, 2019,
    respectively

24,135

23,160

Additional paid-in capital

43,709,127

42,725,852

Statutory reserve

2,067,439

2,632,797

Accumulated deficit

(8,893,351)

(5,718,368)

Accumulated other comprehensive loss

(3,937,379)

(3,527,438)

Total RETO Eco-Solutions, Inc. Shareholders’ Equity

32,969,971

36,136,003

Non-controlling interest

1,469,062

1,818,860

Total Equity

34,439,033

37,954,863

Total Liabilities and Equity

$

65,570,876

$

70,795,244

 

 

RETO ECO-SOLUTIONS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(UNAUDITED)

For the Six Months
Ended
June 30, 

2020

2019

Revenue

$

3,142,102

$

14,125,892

Cost of revenue – third-party customers

2,884,298

10,689,311

Gross Profit

257,804

3,436,581

Operating Expenses:

Selling expenses

474,901

631,664

General and administrative expenses

1,788,625

1,709,377

Bad debt expenses

2,792,800

2,686,782

Research and development expenses

180,339

234,741

Total Operating Expenses

5,236,665

5,262,564

Loss from Operations

(4,978,861)

(1,825,983)

Other Income (expenses):

Interest expense

(876,660)

(632,830)

Interest income

2,715

1,722

Other income (expenses), net

(111,729)

126,765

Total Other expenses, net

(985,674)

(504,343)

Loss before provision for income taxes

(5,964,535)

(2,330,326)

Provision for income taxes

131,615

171,922

Net loss from continuing operations

(6,096,150)

(2,502,248)

Net loss from discontinued operations

–

(900,097)

Gain from disposal of Gu’an REIT

2,192,801

–

Net Loss

(3,903,349)

(3,402,345)

Less: net loss attributable to non-controlling interest

(163,008)

(391,899)

Net loss attributable to ReTo Eco-Solutions, Inc.

$

(3,740,341)

$

(3,010,446)

Net Loss

$

(3,903,349)

$

(3,402,345)

Other comprehensive (loss) income:

Foreign currency translation adjustment:

(596,731)

115,298

Comprehensive Loss

(4,500,080)

(3,287,047)

Less: comprehensive loss attributable to noncontrolling interest

(349,798)

(509,567)

Comprehensive loss attributable to ReTo Eco-Solutions, Inc.

$

(4,150,282)

$

(2,777,480)

Loss per share

Basic and diluted

$

(0.16)

$

(0.13)

Weighted average number of shares

Basic and diluted

23,622,148

22,760,000

 

 

RETO ECO-SOLUTIONS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2020 AND 2019

(UNAUDITED)

Additional

Retained
Earnings

Accumulated
Other

Non-

Common Shares

paid-in

Statutory

(Accumulated

Comprehensive

controlling

Total

Shares

Amount

Capital

Reserve

Deficit)

Income (Loss)

Interest

Equity

Balance at
   December
   31, 2018

22,760,000

$

22,760

$

42,278,252

$

2,632,797

$

9,084,246

$

(3,105,185)

$

2,267,985

$

53,180,855

Net loss

–

–

–

–

(3,010,446)

–

(391,899)

(3,402,345)

Foreign
   currency
   translation
   adjustment

–

–

–

–

–

232,966

(117,668)

115,298

Balance at
   June 30, 
   2019

22,760,000

$

22,760

$

42,278,252

$

2,632,797

$

6,073,800

$

(2,872,219)

$

1,758,418

$

49,893,808

Balance at
   December
   31, 2019

23,160,000

$

23,160

$

42,725,852

$

2,632,797

$

(5,718,368)

$

(3,527,438)

$

1,818,860

$

37,954,863

Net loss

–

–

–

–

(3,740,341)

–

(163,008)

(3,903,349)

Change in
   statutory
   reserve
   related to
   disposal of
   Gu’an
   REIT

–

–

–

(565,358)

565,358

–

–

–

Foreign
   currency
   translation
   adjustment

–

–

–

–

–

(409,941)

(186,790)

(596,731)

Issuance of
   common
   shares on
   January 1,
   2020

685,000

685

650,065

–

–

–

–

650,750

Issuance of
   common
   shares on
   February 3,
   2020

290,000

290

333,210

–

–

–

–

333,500

Balance at
   June 30,
   2020

24,135,000

$

24,135

$

43,709,127

$

2,067,439

$

(8,893,351)

$

(3,937,379)

$

1,469,062

$

34,439,033

 

 

RETO ECO-SOLUTIONS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

For the six months ended
June 30,

2020

2019

CASH FLOWS FROM OPERATING ACTIVITIES

Net loss

$

(3,903,349)

$

(3,402,345)

Less: net loss from discontinued operations

–

(900,097)

Net loss from continuing operations

(3,903,349)

(2,502,248)

Adjustments to reconcile net loss to net cash provided by (used in) operating activities:

Loss from disposal of property and equipment

10,458

–

Depreciation and amortization

1,127,480

826,670

Amortization of stock-based compensation for services

456,063

–

Change in bad debt allowances

2,792,800

2,687,156

Gain from disposal of Gu’an REIT

(2,192,801)

–

Amortization of operating lease right-of-use assets

116,120

109,975

Changes in operating assets:

Accounts receivable

2,125,800

(4,987,255)

Accounts receivable – related party

220,998

–

Advances to suppliers

(1,628,556)

(9,003)

Advances to suppliers – related parties

(3,069,487)

–

Inventories

(1,837,972)

(2,063,087)

Prepayments and other current assets

(479,015)

(32,915)

Billings in excess of costs and estimated earnings

–

(91,735)

Changes in operating liabilities:

–

–

Advances from customers

1,475,209

1,577,496

Deferred revenue

(3,839)

–

Accounts payable

513,213

1,607,792

Accounts payable – related party

(1,051,977)

Accrued and other liabilities

1,718,195

174,185

Taxes payable

44,270

168,613

Operating lease liabilities

(143,306)

(103,462)

Net cash used in operating activities from continuing operations

(3,709,696)

(2,637,818)

Net cash provided by operating activities from discontinuing operations

–

3,134,281

Net cash provided by (used in) operating activities

(3,709,696)

496,463

CASH FLOWS FROM INVESTING ACTIVITIES

Addition of property, equipment and construction in progress

(91,946)

(508,236)

Proceeds from disposal of long-term investment

28,440

–

Proceeds from disposal of Gu’an REIT

2,768,703

–

Term deposits

–

(141,096)

Net cash provided by (used in) investing activities from continuing operations

2,705,197

(649,332)

Net cash used in investing activities from discontinued operations

–

–

Net cash provided by (used in) investing activities

2,705,197

(649,332)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from short-term loans

5,801,760

6,619,731

Proceeds from long-term bank loans

–

737,069

Repayment of short-term bank loans

(7,957,772)

(6,633,621)

Repayment of long-term bank loans

(36,035)

(147,414)

Proceeds from related party loans

3,677,761

202,329

Repayment to related party loans

(1,180,383)

–

Net cash provided by financing activities from continuing operations

305,331

778,094

Net cash used in financing activities from discontinuing operations

–

(324,280)

Net cash provided by financing activities

305,331

453,814

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND RESTRICTED CASH

2,733

(32,181)

NET INCREASE (DECREASE) IN CASH AND RESTRICTED CASH

(696,435)

268,764

CASH AND RESTRICTED CASH, BEGINNING OF PERIOD

981,518

1,563,166

CASH AND RESTRICTED CASH, END OF PERIOD

$

285,083

$

1,831,930

Less: cash and cash equivalents, restricted cash from discontinued operation, end of period

–

(8,448)

Cash and and cash equivalents, restricted cash from continuing operations, end of period

$

285,083

$

1,823,482

RECONCILIATION TO AMOUNTS ON CONSOLIDATED BALANCE SHEETS:

Cash

$

202,078

$

1,652,050

Restricted cash

83,005

171,432

Total cash and restricted cash

$

285,083

$

1,823,482

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:

Interest paid

$

572,201

$

711,255

Income tax paid

$

–

$

75,387

Non-Cash Investing Activities

Right-of-use Assets obtained in exchange for operating lease obligations

$

221,940

$

731,517

 

 

Cision View original content:http://www.prnewswire.com/news-releases/reto-eco-solutions-reports-first-half-of-2020-financial-results-301197194.html

SOURCE ReTo Eco-Solutions, Inc.

Defense Metals Corp. Receives Additional Funds From the Exercise of Warrants to Fund a Preliminary Economic Assessment and Other Corporate Purposes

VANCOUVER, BC, Dec. 22, 2020 /PRNewswire/ – Defense Metals Corp. («Defense Metals» or the «Company«) (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce that 3,157,828 warrants with an exercise price of $0.20 were exercised and the remaining unexercised warrants with an expiry date of December 21, 2020 have expired. The proceeds of the exercise of these warrants were $631,565.60….

VANCOUVER, BC, Dec. 22, 2020 /PRNewswire/ – Defense Metals Corp. («Defense Metals» or the «Company«) (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce that 3,157,828 warrants with an exercise price of $0.20 were exercised and the remaining unexercised warrants with an expiry date of December 21, 2020 have expired. The proceeds of the exercise of these warrants were $631,565.60. The use of proceeds will be used to complete the preliminary economic assessment (PEA) in the new year, and for general working capital and corporate purposes.

Craig Taylor, CEO comments:

«The exercise of warrants adds further funds to our company and will assist in advancing the Wicheeda Rare Earth Elements project. We have made tremendous progress over the past two years and we look forward to continuing that success in 2021.»     

Wicheeda REE Project

The Wicheeda REE project has indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements) and inferred mineral resources of 12,100,000 tonnes averaging 2.90% LREO1.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a director of Defense Metals and a «Qualified Person» as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. 

About Defense Metals Corp.

Defense Metals Corp. is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in the electric power market, military, national security and the production of «GREEN» energy technologies, such as, high strength alloys and rare earth magnets. Defense Metals has an option to acquire 100% of the 1,708 hectare Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol «DEFN» on the TSX Venture Exchange, in the United States, under «DFMTF» on the OTCQB and in Germany on the Frankfurt Exchange under «35D».

____________________

1 Technical Report on the Wicheeda Property, British Columbia, effective June 27, 2020 and prepared by APEX Geoscience Ltd. (Steven J. Nicholls, B.A. Sc., MAIG and Kristopher J. Raffle, B.Sc., P.Geo) is available under Defense Metals Corp.’s profile on SEDAR (www.sedar.com)

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding Forward Looking Information

This news release contains «forward–looking information or statements» within the meaning of applicable securities laws, which may include, without limitation, statements relating to the Company’s plans for its Wicheeda project, use of funds, completion of PEA, exercise of option to acquire 100% of the Wicheeda project, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company’s profile on SEDAR at www.sedar.com. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/defense-metals-corp-receives-additional-funds-from-the-exercise-of-warrants-to-fund-a-preliminary-economic-assessment-and-other-corporate-purposes-301197417.html

SOURCE Defense Metals Corp.

Solar Energy Partners Joins with The Salvation Army in Support of Local Communities in an Effort to Give Back During the Holidays

TURLOCK, Calif., Dec. 22, 2020 /PRNewswire/ — Solar Energy Partners (SEP), one of California’s highest rated and fastest growing solar energy brokerages, today announced that they have officially partnered with The Salvation Army, the nation’s largest social-services…

TURLOCK, Calif., Dec. 22, 2020 /PRNewswire/ — Solar Energy Partners (SEP), one of California’s highest rated and fastest growing solar energy brokerages, today announced that they have officially partnered with The Salvation Army, the nation’s largest social-services organization, through their «Red Kettle» & «Angel Tree» programs to aid those in need. With a need to help 155% more people than usual this season, The Salvation Army supports homeless shelters, grocery assistance, and Bill-pay assistance – helping struggling households pay their utility bills.

According to the Solar Energy Industries Association (SEIA), solar companies are in a prime position to help rebuild the American economy quickly and more robustly than ever. Solar Energy Partners (SEP) offer homeowners the ability to switch their main power provider to solar energy at rates generally cheaper than what most electrical utilities can provide. With so many impacted by the Coronavirus COVID 19 Pandemic, there has never been a greater necessity for economic relief. The Salvation Army’s Red Kettle program could see up to a 50% decrease in funds this year due to more online shopping, unemployment rates and store closures. SEP is stepping up to offer options so their clients can donate cash through Red Kettle. Customers will also have the option to donate a toy via Amazon or Walmart which benefits the Angel Tree Program.

«Most solar companies want to sell you solar – we are going above and beyond to not only benefit homeowners by going solar and saving the environment, but also helping anyone who needs it during one of America’s most dire times,» said David Madrid, Co-Founder and Partner at Solar Energy Partners. «We have officially partnered with The Salvation Army, one of America’s most reputable charity institutions to help those that have fallen on hard times over the course of the pandemic.»

SEP offers a multitude of options to find what fits their customers best and simplifying the process of switching to solar in a revolutionary new way. The company is also focused on benefitting the communities they serve across California – and beyond. Through this most recent act of community outreach, SEP is looking to help families who need it most during this unprecedented and devastating holiday season.

«While most solar companies are focused on generating more sales, we are keeping our focus on giving back – our main goal is to help people, across the board,» says Madrid.

Using digital QR codes and a link provided to them, SEP customer donations can make a real impact on families affected by COVID-19 all around the country. SEP services areas in and around Los Angeles, San Diego, Orange County and Fresno. Their premium solar products are offered through a number of verified, top-tier partners, as well as home batteries through Tesla and LG. So far, SEP has helped over 4,455 customers switch to solar, saving over a hundred million dollars and saving the planet, to boot.

For more information please visit www.solarenergy.partners, or call (562)-824-8179 or email David Madrid Jr. at davidmadridjr@gmail.com.

About Solar Energy Partners
With over 20 years of solar experience, Solar Energy Partners was founded by Alex and Clint Williams and Dave Madrid in the spring of 2017. SEP’s mission is to bring clean energy, abundant savings, and peace of mind to every single homeowner in the United States. As the solar revolution progresses this century, we aim to lead in spreading this renewable resource across the world. We work to assist homeowners in saving our beautiful planet with solar that can be owned at a lower monthly cost than their current energy bill. www.solarenergy.partners

About The Salvation Army
The Salvation Army annually helps more than 23 million Americans overcome poverty, addiction and economic hardships through a range of social services. By providing food for the hungry, emergency relief for disaster survivors, rehabilitation for those suffering from drug and alcohol abuse, and clothing and shelter for people in need, The Salvation Army is doing the most good at 7,600 centers of operation around the country. In the first-ever listing of «America’s Favorite Charities» by The Chronicle of Philanthropy, The Salvation Army ranked as the country’s largest privately funded, direct-service nonprofit. For more information, visit SalvationArmyUSA.org.

Contact:
David Madrid Jr.
Solar Energy Partners
(209) 326-2578
261892@email4pr.com

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SOURCE Solar Energy Partners

Castleton Commodities International LLC Developing Pioneering Green Hydrogen Project in Europe

LONDON, Dec. 22, 2020 /PRNewswire/ — Castleton Commodities International LLC («CCI»), a leading energy commodities firm, announced today that it is backing the first green hydrogen project in Europe co-located at an existing combined cycle gas turbine power plant («CCGT»), the Amorebieta-Boroa CCGT in Spain.  The project reflects CCI’s ambition to advance the energy transition and contribute to decarbonizing Europe’s economy.

…

LONDON, Dec. 22, 2020 /PRNewswire/ — Castleton Commodities International LLC («CCI»), a leading energy commodities firm, announced today that it is backing the first green hydrogen project in Europe co-located at an existing combined cycle gas turbine power plant («CCGT»), the Amorebieta-Boroa CCGT in Spain.  The project reflects CCI’s ambition to advance the energy transition and contribute to decarbonizing Europe’s economy.

CCI has partnered with White Summit Capital, an infrastructure investor specialized in energy transition, Bizkaia Energía, direct owner of the Amorebieta-Boroa CCGT and majority owned by CCI, Nortegas, the second largest gas distribution company in Spain, and SENER, a leading Spanish engineering and technology group.

The project consists of a 20 MW green hydrogen plant adjacent to the Amorebieta-Boroa CCGT utilizing part of the existing infrastructure of the conventional power generation plant and gas distribution network.  The plant is expected to generate 1,500 tons of green hydrogen per year from 100% renewable sources which will offset the emission of more than 12,000 tons of CO2 into the atmosphere, the equivalent of taking more than 2,500 cars off the road each year.  A portion of the green hydrogen generated will be used by the power plant and will serve to directly reduce its CO2 emissions.  In addition, the hydrogen will be injected into Nortegas’ gas distribution network and blended with natural gas, thereby decarbonizing part of the current gas system.  The project also includes installing a hydrogen refueling station to meet the fuel requirements of local public-private fleets of hydrogen-powered vehicles.

The project is the first of its kind to be co-located adjacent to a host CCGT and will be instrumental in the decarbonization process of Spain’s power and transportation sectors.  Commercial operations are expected to commence by the end of 2022.  CCI currently owns and operates over 2,000 MW of power generation in Europe and this project technology could be deployed in scale at all of its European power generation facilities. 

«Together with our partners, CCI is seeking to accelerate the energy transition initiative in Europe through the investment in key technologies such as hydrogen to power,» said Arie Pilo, CCI’s Co-Head of Power Principal Investing.  «We are excited to be working on these projects that simultaneously reduce emissions, promote the stability of the grid and address important issues arising from the rapid acceleration of renewable energy resource deployment.  Specifically, in the port of Rotterdam in the Netherlands, where CCI owns two CCGTs, we will look to collaborate with our local partners to continue to support the grid and to explore innovative ways to address the challenges of intermittency in the context of decarbonization.»

About Castleton Commodities International LLC
CCI is a global energy commodity merchant with integrated businesses focused on marketing, merchandising, and trading commodities, and the ownership, operation and development of commodities-related infrastructure and upstream assets.  CCI acquired Bizkaia Energía in February 2020.  Please visit our website for more information: http://www.cci.com.

Media Contact:
Hill+Knowlton Strategies
Brian R. Brooks
+1 (713) 752-1901
brian.brooks@hkstrategies.com

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SOURCE Castleton Commodities International LLC

Sime Darby Foundation Backs Global Calls to Turn the Tide on Biodiversity Loss

KUALA LUMPUR, Malaysia, Dec. 22, 2020 /PRNewswire/ — Conservation efforts under Sime Darby Foundation’s Environment Pillars have planted over 1.5 million trees in conservation areas in Malaysia with encouraging results.

KUALA LUMPUR, Malaysia, Dec. 22, 2020 /PRNewswire/ — Conservation efforts under Sime Darby Foundation’s Environment Pillars have planted over 1.5 million trees in conservation areas in Malaysia with encouraging results.

Sime Darby Foundation (SDF) plans for its conservation programs heeds the clarion call from the United Nation’s Biodiversity Conference to address the post-2020 global biodiversity framework. The 15th meeting of the Parties to the Convention on Biological Diversity (COP15) will take place in Kunming, China in 2021 where global leaders are anticipated to agree to an aggressive plan of action on biodiversity.

In pledging the Foundation’s continued commitment to protecting biodiversity, Chairman Y.A.M Tunku Tan Sri Imran Ibni Almarhum Tuanku Ja’afar stated that:

«We believe that forest restoration is key in tackling climate crisis and biodiversity conservation. Our tree-planting projects have turned deteriorating forests into areas of biodiversity value for flora and fauna.

Our multi-year project to restore orangutan habitat in Ulu Segama, Sabah, in collaboration with the Sabah Forestry Department and Sime Darby Plantation (SDP), restored 4,487 hectares of heavily degraded forest areas by planting over 300,000 trees to create a sustainable habitat for orangutans.

The Sime Darby Plant-A-Tree programme which began in 2008 has planted about 500,000 trees to increase biodiversity value in SDP’s operational areas. The arboretum in SDP has actually proven to be an invaluable gene bank for endemic tree species of Malaysia.»

The Foundation’s most ambitious reforesting project to date is a collaboration with Nestlé Malaysia. The project has planted over 750,000 trees along the lower Kinabatangan River. This has resulted in a dynamic wildlife corridor for iconic Bornean wildlife including elephants and proboscis monkeys.

The Chairman added further that support for Tropical Rainforest Conservation & Research Centre (TRCRC) to conserve tree species endemic to Borneo has so far planted 2,310 trees to develop a Tropical Rainforest Living Collection (TRLC) in Sabah.

In Peninsular Malaysia, the Foundation’s collaboration with the Global Environment Centre (GEC) has planted over 20,000 trees to rehabilitate the Raja Musa Forest Reserve to maintain the ecological value of its peatlands.

Sime Darby Foundation Chief Executive Officer Dr Hjh Yatela Zainal Abidin said these endeavours have added values in creating employment opportunities for the local communities around the project sites.

«As the world reels from the impact of COVID-19, it is more important than ever to address biodiversity and climate change in our efforts to reset our relationship with nature.

In all the projects supported by the Sime Darby Foundation, we put the needs of local communities on the same level of importance as conservation. In addition to terrestrial conservation, the Foundation works with the Marine Research Foundation (MRF) which specialises on seascape level conservation and Reef Check Malaysia which works to increase the ecological resilience of coral reefs around Malaysia.

The work at MRF helps in developing sustainable fisheries through bycatch mitigation by working with local fishermen and relevant authorities. At Tioman Island, initiatives for reef conservation and the social resilience of its community aim to make Tioman the first sustainable island on the East Coast of Peninsular Malaysia,» said Dr Yatela.

To further protect endangered wildlife, the Foundation has been putting more boots on the ground by supporting anti-poaching efforts.

In Sabah, SDF supports a program with the Sabah Forestry Department and Danau Girang Field Centre. The thrust of the program is to battle the increase in poaching while gathering information to fill in critical gaps in conservation information.

With the Perak State Parks Corporation, the project seeks to protect various species at Royal Belum State Park, especially the Malayan tiger which faces a serious threat from cross-border poachers.

Sime Darby Foundation’s environmental endeavours also aim to influence policies in wildlife conservation through science and research.

«Management and Ecology of Malaysian Elephants (MEME) played an important role in the direction of the National Elephant Conservation Action Plan while leading initiatives in elephant habitat protection in peninsular Malaysia. Through a collaboration with SDP, MEME helped produce an evidence-based company policy within SDP’s Responsible Agriculture Charter to tackle human-elephant conflict issues in plantations,» Dr. Yatela added.

Beyond these initiatives, the Foundation is collaborating with GEC in a mangrove conservation and sustainable livelihood programme in the state of Perak. The program duration from 2020 to 2023 is expected to benefit more than 9,000 community members. SDF believes that the inclusion of local communities in conservation projects creates a sense of their ownership of the project which leads to long-lasting impact.

In a project with the Sarawak Forestry Corporation which will run from 2021-2023, the Sime Darby Foundation is supporting conservation in Maludam National Park (MNP). MNP covers an area of 432 square kilometres making it the second-largest park in Sarawak. MNP is also home to the only viable population of the Sarawak Red Langur (Presbytis Chrysomelas) in Malaysian Borneo.

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SOURCE Yayasan Sime Darby

Seacret Direct® Names Tyler Williams As North American Chief Strategy Officer

SCOTTSDALE, Ariz., Dec. 22, 2020 /PRNewswire/ — After an extensive search, Seacret Direct, a growing beauty brand with revolutionary skincare products and plant-based nutrition products, announced Tyler Williams as North American Chief Strategy Officer. Tyler has been building and leading…

SCOTTSDALE, Ariz., Dec. 22, 2020 /PRNewswire/ — After an extensive search, Seacret Direct, a growing beauty brand with revolutionary skincare products and plant-based nutrition products, announced Tyler Williams as North American Chief Strategy Officer. Tyler has been building and leading organizational strategies in the global health and wellness industry for 18 years. In his 18-year career in sales and marketing, Tyler has contributed to achieving multibillion sales revenue as well as opening and leading the Asia market to name a couple of his successes.

«Tyler is exactly the kind of leader we need as we look to continue to grow the North America business and team but also to help us with our global footprint,» said Izhak Ben Shabat, Founder & CEO of Seacret Direct.

Tyler is an accomplished executive in the direct sales industry. He’s held leadership positions at Tahitian Noni, Nuskin, and most recently, he was the General Manager of Canada for Young Living after opening and managing Hongkong which became one of their largest markets.

«I’m very excited to join the Seacret team and the opportunity to build on the current success of the company while innovating for the future. This is a company with a mission to help people feel beautiful from the inside out and that is something that really resonates with me. The community and culture that Izhak and Dani Soloman have cultivated and nurtured is second to none and I am so happy to be part of it.»

About Seacret Direct

Seacret Direct is an international beauty company that is manufactured by the world’s leading cosmetic brand. SEACRET boasts a unique combination of Dead Sea Minerals and the latest scientific technologies in the skincare world. Seacret has expanded into plant-based nutrition with the highest quality ingredients that empower people to be beautiful from the inside out. Seacret Direct is headquartered in Scottsdale, AZ.

This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com.

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SOURCE Seacret Direct

Canadian Solar Completes the Sale of a 290 MWp Greenfield Solar Portfolio in Italy

GUELPH, Ontario, Dec. 22, 2020 /PRNewswire/ — Canadian Solar Inc. (the «Company» or «Canadian Solar») (NASDAQ: CSIQ) announced today the sale of the remaining 30% ownership of the Big Fish SPV S.r.l. («Big Fish») and Iron SPV S.r.l. («Iron») solar projects to Falck Renewables. Both projects are located in Sicily, Italy, and have a total expected capacity of more than 290 MWp. The…

GUELPH, Ontario, Dec. 22, 2020 /PRNewswire/ — Canadian Solar Inc. (the «Company» or «Canadian Solar») (NASDAQ: CSIQ) announced today the sale of the remaining 30% ownership of the Big Fish SPV S.r.l. («Big Fish») and Iron SPV S.r.l. («Iron») solar projects to Falck Renewables. Both projects are located in Sicily, Italy, and have a total expected capacity of more than 290 MWp. The Company expects to recognize revenues from the sale in the fourth quarter of 2020.

Canadian Solar partnered with Falck Renewables back in 2019 to jointly develop the Big Fish and Iron projects, selling 70% ownership of the projects to Falck Renewables. Since then, the projects have successfully secured grid connection and preliminary land rights, and have also applied for permits and authorizations.

Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar commented, «We are pleased to have partnered with Falck Renewables in this initiative which allowed us to broaden our portfolio in Italy and has brought development progress to our projects. Going forward, our strategy in Italy will focus on growing and diversifying our pipeline, currently in excess of 1.3 GWp across various regions in the country, with around 140 MWp expected to reach notice-to-proceed (NTP) in 2021. We will also focus on securing long term energy sale agreements and maximize the value we generate from our projects.»

Dr. Qu added, «Italy is one of the countries in Europe where solar energy has reached grid parity at the wholesale level, and therefore we expect the growth of energy sale agreements to accelerate in the following years. This is supportive of the ambitious goals set by the government to substantially increase its solar PV installed capacity over the next decade. As the energy market shows modest but positive signs of improvement from the COVID impact, we see new attractive opportunities in the private PPA market. We are excited about the opportunities in Italy, which represents one of Canadian Solar’s strongest core markets in the EMEA region, and expect to gain market share and solidify our position as one of the leading players in the Italian solar PV market.»

About Canadian Solar Inc.

Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar power companies. It is a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions and has a geographically diversified pipeline of utility-scale solar power projects in various stages of development. Over the past 19 years, Canadian Solar has successfully delivered over 49 GW of premium-quality, solar photovoltaic modules to customers in over 150 countries. Canadian Solar is one of the most bankable companies in the solar industry, having been publicly listed on NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

Safe Harbor/Forward-Looking Statements

Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the «Safe Harbor» provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as «believes,» «expects,» «anticipates,» «intends,» «estimates,» the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as Japan, the U.S., India and China; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; delays in the process of qualifying to list the MSS subsidiary in the PRC; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company’s SEC filings, including its annual report on Form 20-F filed on April 28, 2020. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

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SOURCE Canadian Solar Inc.

En+ Group joins SDG Ambition and publishes its 2020 SDG Report

LONDON, Dec. 22, 2020 /PRNewswire/ — In a further boost to En+ Group’s industry-leading sustainability strategy, the world’s leading producer of low-carbon aluminium and largest private sector generator of hydropower announces that it has joined UN Global Compact’s first ever SDG Ambition accelerator.

In the six months accelerator programme to June 2021, En+ will establish a pathway to fully embed the Group’s eight priority UN Sustainable Development Goals…

LONDON, Dec. 22, 2020 /PRNewswire/ — In a further boost to En+ Group’s industry-leading sustainability strategy, the world’s leading producer of low-carbon aluminium and largest private sector generator of hydropower announces that it has joined UN Global Compact’s first ever SDG Ambition accelerator.

In the six months accelerator programme to June 2021, En+ will establish a pathway to fully embed the Group’s eight priority UN Sustainable Development Goals (SDGs) into its sustainability strategy.

Recognising that the world is not progressing towards the SDGs at the pace and scale needed, the accelerator aims to challenge and support companies in setting ambitious corporate targets and accelerating integration of the SDGs into core business management. Through the Global Compact Local Networks in 60+ countries, participants will assess their current performance, identify risk areas, discover new opportunities across business units and functions and take ambitious business action towards achieving the SDGs. En+ Group has been a member of the UN Global Compact’s Russian Local Network since September 2019, where it has worked alongside peer companies to promote the Sustainable Development agenda and the SDGs in Russia.  The Group’s Director for Sustainable Development, Anton Butmanov, was elected to the Board of the Russian Local Network in 2020.

The Group also announces the publication of its 2020 SDG Report. The annually published report provides a detailed update on the Group’s programmes and initiatives to maximize its contribution to the UN SDGs. It fully reflects En+ Group’s commitment to providing its stakeholders with best-in-class disclosure and transparency on its sustainability initiatives.

The 2020 SDG report can be viewed on En+ Group’s website – see link.

Lord Barker of Battle, Executive Chairman of En+ Group, said:

«I am delighted that En+ Group has joined the first ever SDG Ambition accelerator. This further solidifies the Group’s commitment to integrating these important, common goals as core to our business strategy.

I am also pleased to present the results of our ongoing sustainability initiatives in our 2020 SDG Report. Despite the COVID-19 pandemic, over the last 12 months we have doubled down on our work to protect our people and the natural environment, and make a meaningful contribution to the achievement of the SDGs.»

En+ Group’s drive to lead the transition to a low-carbon economy, its protection of the natural environment and determination to improve the lives and wellbeing of employees and local communities around the world are reflected its eight adopted goals: 3 – Good Health and Well Being, 6 – Clean Water and Sanitation, 7 – Affordable and Clean Energy, 8 – Decent Work and Economic Growth, 12 – Responsible Consumption and Production, 13 – Climate Action, 15 – Life on Land, 17 – Partnerships.

About EN+ Group

En+ Group is the world’s leading international vertically integrated aluminium and power producer. The Company combines power plants with a total installed capacity of 19.6 GW (including 15.1 GW of hydro power assets), and 3.9 mt of annual aluminium production capacity (through a controlling stake in RUSAL, the world’s largest aluminium producer ex-China in 2018) which is the major consumer of En+ Group’s hydroelectricity. 

About SDG Ambition

SDG Ambition is an accelerator initiative that aims to challenge and support participating companies of the UN Global Compact in setting ambitious corporate targets and accelerating integration of the 17 Sustainable Development Goals (SDGs) into core business management. SDG Ambition enables companies to move beyond incremental progress and step-up transformative change – unlocking business value, building business resilience, and enabling long-term growth.

https://unglobalcompact.org/take-action/sdg-ambition

 

 

 

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SOURCE En+ Group

Maxeon Solar Technologies Wins Patent Validity Ruling in China

SINGAPORE, Dec. 22, 2020 /PRNewswire/ — Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global solar innovation leader, today announced that the company has received a positive patent validity ruling in a patent invalidation action filed in China by the Chinese solar manufacturer LONGi Green Energy Technology Co., Ltd. The action was filed against one of Maxeon’s patents for the proprietary and fundamental shingled solar cell panel technology used to deploy solar…

SINGAPORE, Dec. 22, 2020 /PRNewswire/ — Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global solar innovation leader, today announced that the company has received a positive patent validity ruling in a patent invalidation action filed in China by the Chinese solar manufacturer LONGi Green Energy Technology Co., Ltd. The action was filed against one of Maxeon’s patents for the proprietary and fundamental shingled solar cell panel technology used to deploy solar panels that Maxeon designs and sells under the ‘SunPower Performance’ brand name.

In May 2020, the China National Intellectual Property Administration (CNIPA) accepted a Request for Invalidation filed by LONGi Green Energy Technology Co., Ltd. of Maxeon’s patent regarding high efficiency shingled solar cell panels (China Patent N° 201710523237.1). Following an oral hearing in October 2020, CNIPA reviewed LONGi’s claims of invalidity and dozens of prior art documents, ultimately concluding that Maxeon’s patent is valid. This decision by CNIPA reaffirms Maxeon’s intellectual property rights in China for shingled solar cell panel technology.

Shingled solar cell panels are made by separating solar cells into smaller solar cell strips and subsequently connecting the resulting solar cell strips in an over-lapping layout using conductive adhesive. The result is a higher power, higher efficiency panel, with enhanced reliability and improved durability compared to conventional panels.

The Performance shingled solar cell panel architecture and manufacturing processes were pioneered by Silicon Valley-based start-up company Cogenra Solar. SunPower Corporation acquired Cogenra in 2015, and Maxeon retained the shingling technology IP rights following its spin-off from SunPower in August 2020. Performance solar panels are manufactured in China by Huansheng Photovoltaic (Jiangsu) Co., Ltd., Maxeon’s joint venture with Tianjin Zhonghuan Semiconductor Co., Ltd. With more than 3 gigawatts deployed across over 60 countries to date, Performance panels are the industry’s most deployed shingled solar cell panel technology.

«This ruling is an important confirmation of the strength of our patents and the underlying innovation behind our Performance panels. This technology is protected by an international portfolio of more than 150 patents and patent applications covering shingled solar cell and panel design, as well as key manufacturing tools and processes,» said Jeff Waters, CEO of Maxeon Solar Technologies. «We feel very strongly about the importance of upholding and safeguarding our intellectual property rights. Respecting IP is critical for the orderly ongoing development of the solar industry.»

«Our intellectual property is a key business asset. We will vigorously defend our intellectual property rights and take actions against its unauthorized use, as we have against Canadian Solar Japan K.K.» added Lindsey Wiedmann, Maxeon’s Chief Legal Officer. In September 2020, Maxeon filed a lawsuit in Tokyo District Court, Japan, alleging Canadian Solar Japan infringes Maxeon’s Japan Patent No. JP6642841B2 («Shingled Solar Cell Module») for the proprietary and fundamental shingled solar cell panel technology used to deploy SunPower Performance solar panels.

About Maxeon Solar Technologies
Maxeon Solar Technologies (NASDAQ:MAXN) is Powering Positive Change™. Headquartered in Singapore, Maxeon designs, manufactures and sells SunPower® brand solar panels in more than 100 countries, operating the SunPower brand worldwide outside the United States. The company is a leader in solar innovation with access to over 900 patents and two best-in-class solar panel product lines. With operations in Africa, Asia, Oceania, Europe and Mexico, Maxeon products span the global rooftop and solar power plant markets through a network of more than 1,100 trusted partners and distributors. A pioneer in sustainable solar manufacturing, Maxeon leverages a 35-year history in the solar industry and numerous awards for its technology. For more information about how Maxeon is Powering Positive Change™ visit us at www.maxeon.com, on LinkedIn and on Twitter @maxeonsolar.

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 continued validity of the Company’s intellectual property rights, its ability to safeguard its intellectual property and the ability to incentivize and promote development, as well as the status of the Company’s ongoing litigation, associated costs, and probability of success. 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. A detailed discussion of these factors and other risks that affect our business is included in filings we make with the SEC from time to time, including our Form 20-F, which was declared effective by the SEC on August 4, 2020, particularly under the heading «Item 3.D. Risk Factors.» Copies of these filings are available online from the SEC or on the Financials & Filings section of our Investor Relations website at www.maxeon.com/financials-filings/sec-filings. 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.

© 2020 Maxeon Solar Technologies, Ltd. All Rights Reserved. MAXEON is a registered trademark of Maxeon Solar Technologies, Ltd. Visit www.maxeon.com/trademarks for more information.

 

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SOURCE Maxeon Solar Technologies, Ltd.

El nuevo libro de Matilde Barajas, El Brillo de Tu Recuerdo, un compendio de conocimientos que arrojan luz sobre el control que tiene la religión sobre la humanidad.

SAN PABLO, Calif., 22 de diciembre de 2020 /PRNewswire-HISPANIC PR WIRE/ — El reciente lanzamiento del libro El Brillo de Tu Recuerdo, por Matilde Barajas de la editorial Page Publishing, nos entrega unas maravillosas y únicas reflexiones de vida, nos expresa la fortaleza que hay en cada ser humano para experimentar el amor y superar cada etapa de ese sentimiento, con palabras brillantes y una transparencia increíble, Barajas nos trae un homenaje a su padre para nunca olvidar su recuerdo….

SAN PABLO, Calif., 22 de diciembre de 2020 /PRNewswire-HISPANIC PR WIRE/ — El reciente lanzamiento del libro El Brillo de Tu Recuerdo, por Matilde Barajas de la editorial Page Publishing, nos entrega unas maravillosas y únicas reflexiones de vida, nos expresa la fortaleza que hay en cada ser humano para experimentar el amor y superar cada etapa de ese sentimiento, con palabras brillantes y una transparencia increíble, Barajas nos trae un homenaje a su padre para nunca olvidar su recuerdo.

Matilde Barajas Gutiérrez nació el 24 de febrero 1978 en la ciudad de Los Reyes, Michoacán, México. Debido a la pobreza, empezó a estudiar a la edad de 14 años primaria y secundaria para adultos. Se despidió de su familia en el año 2003 para ir a los Estados Unidos donde se casó y tuvo dos hijos. En el año 2007 fue diagnosticada con una enfermedad difícil. Para seguir adelante decidió enfocarse en cosas positivas, como tomar clases de arte. El arte le llevaba a la escritura. En la misma escuela, después, empezó a dar clases. Actualmente ella se encuentra disfrutando del arte y la escritura, y muy feliz y agradecida con la vida.

El propósito de este libro es valorar más el precioso don de vida. La oportunidad que tenemos de ser mejores personas cada día. Es un libro de reflexión de amor y de fortaleza.

La luz de los buenos recuerdos nunca se apagó, porque al final de cuentas todos tenemos el brillo de un recuerdo»

Publicada por Page Publishing, el maravilloso libro de Matilde Barajas El Brillo de Tu Recuerdo nos abre ese mundo de amor y respeto a través de letras hermosas, llenas de emociones maravillosas.

Para los lectores que deseen experimentar esta intensa experiencia, pueden hacerlo, a través de la lectura de este libro, concretando la compra de El Brillo de Tu Recuerdo en las tiendas en línea de Apple iTunes, Amazon, Google Play o Barnes and Noble.

Para información adicional o cualquier consulta pueden contactar a Page Publishing, a través del siguiente número: 866-315-2708.

Acerca de Page Publishing:

Page Publishing es una editorial tradicional, que presta todo tipo de servicios, maneja todos los temas intrínsecos involucrados en la publicación de los libros de sus autores incluyendo la distribución en las tiendas minoristas más grandes del mundo y la generación de las regalías. Page Publishing sabe que los autores necesitan ser libres para crear, no atados a un negocio complicado con temas como la conversión de libros en línea, establecer cuentas de ventas, seguros, impuestos y temas similares. Sus autores pueden dejar atrás estos temas tan tediosos, complejos y que representan una pérdida de tiempo para ellos, y enfocarse en su pasión; escribir y crear. Aprende más en www.pagepublishing.com 

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FUENTE Page Publishing