Pineapple Subsidiary SUNation Announces Strategic Partnership With Radial Power to Expand Renewable Energy Solutions
October 28 2024 - 7:35AM
SUNation, the New York-based subsidiary of Pineapple Energy
Inc. (Nasdaq: PEGY) ("Pineapple" or the "Company"), a leading
provider of sustainable solar energy, backup power solutions, and
system servicing, today announced a strategic partnership with
Houston, Texas-based Radial Power, a key player within distributed
energy and a provider of sustainability solutions for commercial
and industrial real estate asset owners.
This strategic partnership will harness the combined expertise
of both companies to deliver innovative renewable energy solutions.
It also marks a significant step in SUNation’s expansion beyond its
traditional New York footprint, positioning the company for broader
geographic growth.
"The commercial and industrial space is booming, largely driven
by the opportunities created by the Investment Recovery Act. Our
partnership with SUNation enables us to scale quickly and
efficiently," said John Bates, CEO of Radial Power. “As SUNation
has successfully completed many projects and with our internal
pipeline in the hundreds of megawatts, we fully expect SUNation to
grow alongside us as we execute on these projects."
About Pineapple EnergyPineapple
is focused on growing leading local and regional solar, storage,
and energy services companies nationwide. Our vision is to power
the energy transition through grass-roots growth of solar
electricity paired with battery storage. Our portfolio of brands
(SUNation, Hawaii Energy Connection, E-Gear) provide homeowners and
businesses of all sizes with an end-to-end product offering
spanning solar, battery storage, and grid services.
Forward Looking
Statements This press release includes certain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are
based on the Company’s current expectations or beliefs and are
subject to uncertainty and changes in circumstances, including the
Company’s expectations regarding its ability to effect the reverse
stock split and regain compliance with Nasdaq’s continued listing
standards. While the Company believes its plans, intentions, and
expectations reflected in those forward-looking statements are
reasonable, these plans, intentions, or expectations may not be
achieved. For information about the factors that could cause such
differences, please refer to the Company’s filings with the
Securities and Exchange Commission, including, without limitation,
the statements made under the heading “Risk Factors” in the
Company's Annual Report on Form 10-K for the year ended December
31, 2023 and in subsequent filings. The Company does not undertake
any obligation to update or revise these forward-looking statements
for any reason, except as required by law.
Safe Harbor StatementOur prospects here at
Pineapple Energy Inc. are subject to uncertainties and risks. This
news release (video statement) contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Act of 1934. The Company intends that
such forward-looking statements be subject to the safe harbor
provided by the foregoing Sections. These forward-looking
statements are based largely on the expectations or forecasts of
future events, can be affected by inaccurate assumptions, and are
subject to various business risks and known and unknown
uncertainties, a number of which are beyond the control of
management. Therefore, actual results could differ materially from
the forward-looking statements contained in this presentation. The
Company cannot predict or determine after the fact what factors
would cause actual results to differ materially from those
indicated by the forward-looking statements or other statements.
The reader should consider statements that include the words
"believes", "expects", "anticipates", "intends", "estimates",
"plans", "projects", "should", or other expressions that are
predictions of or indicate future events or trends, to be uncertain
and forward-looking. We caution readers not to place undue reliance
upon any such forward-looking statements. The Company does not
undertake to publicly update or revise forward-looking statements,
whether because of new information, future events or otherwise.
Additional information respecting factors that could materially
affect the Company and its operations are contained in the
Company's filings with the SEC which can be found on the SEC's
website at www.sec.gov.
Contacts:
Scott MaskinInterim Chief Executive Officer+1 (631)
823-7131scott.maskin@pineappleenergy.com
Pineapple Investor Relations+1 (952)
996-1674IR@pineappleenergy.com
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