Solar Energy Initiatives, Inc., with businesses in solar project development, distribution and workforce training, today announced that the Company’s SNRY Solar Inc division has completed a sale of PV solar panels totaling $1.5 million with an international purchaser. The profitable business line concentrates on selling both solar thermal and solar photovoltaic systems as well as the managing of solar thermal government contracts.
“This sale marks the largest transaction to date from our newly formed SNRY Solar subsidiary,” stated Mr. Eric Johnson, President of SNRY Solar Inc. “This achievement is a direct result of our ability to provide worldwide sales and product support to our customers and dealers. Finalizing this transaction shows that we have truly turned the corner in our ability to serve the international marketplace. Our sales and order fulfillment team, working closely with our dedicated supplier, did a fabulous job on very short notice. We are encouraged with our ability to expand our market presence via the international sale as we continue to experience strong demand in the U.S. Going forward, we remain dedicated to expanding our solar panel division as we continue to sign and complete a large number of municipal contracts. SNRY Solar looks forward to securing additional sales opportunities and contracts as we bolster earnings and improve shareholder value.”
SNRY Solar Inc consists of three main operating groups; Solar EOS, which educates trade professionals in the solar industry, SNRY Solar Inc. which handles government grants and the wholesale distribution of thermal and photovoltaic (PV) systems in the US and Caribbean, and SNRY Power, which develops municipal and commercial scale solar solutions.
About Solar Energy Initiatives, Inc.
Solar Energy Initiatives, Inc.is a diversified provider of solar solutions with three principal operating groups focused on large-scale projects, solar education and distribution of solar products. SNRY Power is a developer and manager of municipal and commercial scale solar projects. The SolarEos Group is dedicated to the education and continuous improvement of solar energy trade professionals. SNRY Solar is a wholesale distributor of branded photovoltaic and thermal (water heating) systems selling via a network of dealers throughout the United States and the Caribbean. Solar Energy Initiatives also owns SolarEnergy.com, one of the most visited solar websites on the internet and a digital property committed to driving consumer traffic, while serving as a platform for awareness of the benefits of solar and a source of business lead generation to SNRY Solar’s channel partners. Through its diversified portfolio of solar businesses, Solar Energy Initiatives, Inc. is committed to restoring the nation’s economy through a grassroots campaign called “Renew the Nation.” Renew the Nation brings together a broad alliance of public and private sector interests focused on workforce development, job creation and economic growth through solar energy. For more information please visit http://www.solarenergy.com/.
Contact:
Investors:
Solar Energy Initiatives, Inc.
David Fann
Chief Executive Officer
904-644-6090
or
Alliance Advisors, LLC
Chris Camarra or Bryan Kobel
212-398-3487
SOURCE: Solar Energy Initiatives, Inc.
