Investor Ideas Solar idea – Renewable Energy Stock Solar Integrated Roofing (OTC: $SIRC) Reports LOI to Acquire Future Home Power; a solar, roofing and battery storage sales company
EL CAJON, CA – May 19, 2021 (Investorideas.com Newswire) Solar / EV Stock News from Investorideas.com Newswire and RenewableEnergyStocks.com – Solar Integrated Roofing Corp. (OTC: SIRC), an integrated installation company for solar and roofing systems from a single source, announced today that it has signed a binding letter of intent (LOI) to Future home flow, a solar, roofing and battery storage sales company.
Future Home Power has generated more than $ 7 million since its inception with between 10 and 15 sales reps – scaling up to 30 with plans to reach 60 sales reps by the end of May. Management believes that, based on historical performance and with the additions of new sales reps, Future Home Power can quickly scale to more than $ 1 million per week in incremental sales at 45% + gross margins as early as June 2021. important growth driver for other SIRC subsidiaries that can complete the on-site contract work once the sale is completed, capturing the full life cycle value of each customer.
“Future Home Power is a real newcomer to solar and battery storage sales – with $ 7 million in revenue since its inception and forecasts an order of magnitude higher for 2021,” said David Massey, Chief Executive Officer of Solar Integrated Roofing Corporation. “Jason and his team have quickly built a strong reputation for providing customers with a smooth, simple procedure for accessing and installing solar panels and battery storage.
“Leveraging a strong industry background as a top producing region manager at Vivint Smart Home, Jason brings the lead generation skills and industry experience necessary to drive rapid growth in new regions. operating companies, we believe that Future Home Power can act as our business development arm and drive a robust project flow for our installers who work for the SIRC family of companies.
The completion of a potential acquisition is subject to final due diligence, negotiation and execution of a final purchase agreement and all necessary approvals. The Company expects the acquisition to contribute immediately.
About Solar Integrated Roofing Corp.
Solar Integrated Roofing Corp. (OTC: SIRC), is an integrated platform for installing solar power and roofing systems, specializing in commercial and residential properties in the United States. The company’s wide range of solutions include sales and installation from solar power systems, backup batteries and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contractors. For more information, visit the company’s website at www.solarintegratedroofing.com.
Any statements in this press release that are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, regarding possible developments affecting the business, prospects, financial condition and other aspects of the business to which this press release relates. The actual results of the specific items described in this press release, and the company’s operations in general, could differ materially from what is projected in such forward-looking statements. While such statements are based on the best judgments of the Company’s management as of the date of this press release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties, including, but not limited to, the dependence of the business of third parties, general market and economic conditions, technical factors, the availability of external capital, receipt of income and other factors, many of which are beyond the control of the business. The company disclaims any obligation to update the information in any forward-looking statement. This press release should not be construed as a general invitation.
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