Three Sixty Solar Ltd. (NEO: VSOL) (OTC: VSOLF)
(“Three Sixty,” “Three Sixty Solar,” or the “Company”), an
innovative alternative energy design, manufacture, and sales
organization focused on solar equipment supply to the global
marketplace, is pleased to announce the signing of a Distribution
Agreement for the US and Global Markets with Rustin Industries LLC.
Key Points:
- Three Sixty Solar Ltd. partners with Rustin Industries LLC to
market, promote, and sell solar tower systems in the US and Global
Markets
- Rustin Industries, under the name
Yereq Geo Energy, aims to successfully land projects in the summer
of 2023
- Three Sixty and Yereq plan for multiple deployments in the
coming months
Three Sixty Solar’s CEO, Brian Roth states, “Working with John
and his team at Rustin Industries and Yereq Geo Energy is
incredibly exciting. John’s enthusiasm for promoting renewable
energy systems knows no bounds and his team at Yereq Geo give me
confidence that they will bring great project opportunities for us
to execute and deliver together. I’m thrilled that we got this
Agreement signed and I can’t wait to get to begin collaboration on
the projects that Yereq has in their sales pipeline.”
Effective May 3, 2023, Three Sixty Solar has
entered into a formal Distribution Agreement with Rustin Industries
LLC. Rustin Industries is a clean energy project generator,
headquartered in Alpharetta, GA. Operating under the name Yereq Geo
Energy, the business provides full turnkey solar solutions, EV
charging solutions, and other renewable energy products, through a
network of more than 500 sales operators, agents, and owners. Yereq
Geo Energy will immediately begin sales and lead generation for
Three Sixty Solar Towers, with a vision to integrate towers into
projects alongside Yereq’s already successful businesses in the
United States and around the globe.
The Distribution Agreement has a one-year
initial term, with automatic one-year renewals until terminated by
either party upon written notice given no less than ninety days
prior to the end of the application term.
Rustin Industries LLC Chairman, John Rustin
states, “When Three Sixty Solar and Brian were introduced to me, I
believed this was a technology that could be a game-changer in
solar power deployment, and I wanted the opportunity for my team to
sell it. We brought Brian to meet our sales team back in March, and
the feedback was incredible. Even before having this Agreement
signed, our team has been generating project leads and we believe
that this is going to be a win for all of us. With the Agreement
now in place, we anticipate closing on initial projects that we’ve
already been working on in Hawaii, Georgia, and overseas soon.”
Additionally, Three Sixty Solar has made
additional payments pursuant to its previously announced engagement
from September 14, 2022 with Creative Direct Marketing Group, Inc.
("CDMG") (Founder & CEO: Craig Huey; address: 1313 4th Avenue
North Nashville, TN 37208, United States; phone: 615-814-6633) for
marketing services.
CDMG will, as appropriate, create campaigns,
reportalogs, newsalogs, emails series, native and display ads for
physical and digital mediums, set up and manage remarketing
campaigns, and bring attention to the business of the company in
consideration of $287,277 (U.S.). The promotional activity will
start in May 2023 and occur by print, e-mail, and social media.
On Behalf of the Board of Directors,
--Brian Roth—
Brian Roth,Chief Executive Officer &
DirectorThree Sixty Solar Ltd.www.threesixtysolar.com
About Three Sixty Solar Ltd.
(NEO: VSOL) (OTC: VSOLF)
Three Sixty Solar Ltd. is an innovative
alternative energy design, manufacture, and sales organization
which focuses on solar equipment supply to the global marketplace.
The company’s premier product line is the patent pending SVS series
commercial solar tower. According to Statistics MRC, the solar farm
sector is set to grow to around $296 billion by 2028. Three Sixty
Solar’s unique tower concept is a high density, clean energy
solution that uses up to 90% less land space than conventional
solar farms and can co-locate adjacent to homes, retail,
agriculture, and industry, thus minimizing line loss and maximizing
energy delivery in places where renewables have been difficult to
install until now. In multi-tower applications, developers can
utilize the spaces between towers to better leverage land assets
through additional revenue generating activities. Designed to
withstand major instances of extreme weather, Three Sixty Solar
offers a clean energy solution with minimal environmental and
habitat impact. To find our more, visit: www.threesixtysolar.com
and please watch our video. To stay informed, please sign up to
receive news alerts and follow us on Instagram
(@threesixtysolar.vsol), Twitter (@ThreeSixtySolar), and Facebook
(@threesixtysolar.vsol).
Forward Looking Information
Disclaimer
This letter contains statements and information
that, to the extent that they are not historical fact, may
constitute “forward-looking information” within the meaning of
applicable securities legislation. Forward-looking information may
include financial and other projections, as well as statements
regarding future plans, objectives, or economic performance, or the
assumption underlying any of the foregoing. In some cases,
forward-looking statements can be identified by terms such as
“may”, “would”, “could”, “will”, “likely”, “except”, “anticipate”,
“believe”, “intend”, “plan”, “forecast”, “project”, “estimate”,
“outlook”, or the negative thereof or other similar expressions
concerning matters that are not historical facts. Examples of such
statements include, but are not limited to, statements with respect
to the project leads to be generated by Rustin Industries, Yereq
Geo Energy, and the Company, the plans to build out projects in
Hawaii, Georgia, and around the globe beginning in the summer of
2023, and the marketing services to be provided by CDMG and the
timing thereof.
Forward-looking information is based on the
assumptions, estimates, analysis, and opinions of management made
in light of its experience and its perception of trends, current
conditions and expected developments, as well as other factors that
management believes to be relevant and reasonable in the
circumstances at the date that such statements are made, but which
may prove to be incorrect. The material factors and assumptions
used to develop the forward-looking information contained in this
news release include, but are not limited to, key personnel and
qualified employees continuing their involvement with the Company;
the Company’s ability to secure additional financing on reasonable
terms; the competitive conditions of the sector in which the
Company operates; and laws and any amendments thereto applicable to
the Company.
Forward-looking information involves known and
unknown risks, uncertainties and other factors that may cause the
actual results, performance or achievements of the Company to
differ materially from any future results, performance or
achievements expressed or implied by the forward-looking
information, including, without limitation, risks relating to the
future business plans of the Company; risks that the Company will
not be able to retain its key personnel; risks that the Company
will not be able to secure financing on reasonable terms or at all,
as well as all of the other risks as described under the heading
“Risks Factors” in the Company’s annual information form dated
December 29, 2022 filed under the Company’s profile at
www.sedar.com. Accordingly, readers should not place undue reliance
on any such forward-looking information. Further, any
forward-looking information speaks only as of the date on which
such statement is made. New factors emerge from time to time, and
it is not possible for the Company’s management to predict all such
factors and to assess in advance the impact of each such factor on
the Company’s business or the extent to which any factor, or
combination of factors, may cause actual results to differ
materially from those contained in any forward-looking information.
The Company does not undertake any obligation to update any
forward-looking information to reflect information or events after
the date on which it is made or to reflect the occurrence of
unanticipated events, except as required by law, including
securities laws.
Neither the Neo Exchange Inc. nor any securities
regulatory authority has approved nor disapproved the contents of
this press release.
CONTACT INFORMATION
Three Sixty Solar Ltd.Investor
RelationsEmail: investors@threesixtysolar.com Telephone: +1 (778)
383-6743
Sales & InquiriesEmail:
info@threesixtysolar.com Telephone: +1 (877) 684-1972
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