First projects forecast in summer 2023
VANCOUVER, British Columbia, May 09, 2023 (GLOBE NEWSWIRE) — Three Sixty Solar Ltd. (NEO: VSOL) (OTC: VSOLF) (“Three Sixty,” “Three Sixty Solar,” or the “Company”), an innovative alternative energy design, manufacture, and sales organization focused on solar equipment supply to the global marketplace, is pleased to announce the signing of a Distribution Agreement for the US and Global Markets with Rustin Industries LLC.
- 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,
Chief Executive Officer & Director
Three Sixty Solar Ltd.
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.
Three Sixty Solar Ltd.
Telephone: +1 (778) 383-6743
Sales & Inquiries
Telephone: +1 (877) 684-1972