Solar Integrated Roofing Corp. (OTC PINK: SIRC) Signs A Binding Letter Of Intent To Purchase Future Home Power, A Fast-Growing Solar And Battery Storage Sales Company, Which Can Scale To $1+ Million Volume Per Week With 45%+ Gross Margins As Early As June 2021

 In NASDAQ: BLNK, NASDAQ: CSIQ, NASDAQ: FSLR, NASDAQ: IDEX, NASDAQ: ROCK, NASDAQ: RUN, NASDAQ: SEDG, NASDAQ: SPWR, NASDAQ: TSLA, NYSE: GM, NYSE: SPRQ, OTC PINK: SIRC

Solar Integrated Roofing Corp. (OTC PINK: SIRC) announces today (Tuesday, May 18, 2021) it has signed a binding letter of intent (LOI) to continue its renewable energy buying spree and acquire Future Home Power, a fast-growing solar and battery storage sales company.  SIRC says Future Home Power is capable of scaling to $1+ million weekly sales at 45%+ gross margins as early as June 2021. SIRC also says the acquisition will be immediately accretive and those sales will be incremental to SIRC. David Massey, CEO of SIRC, said Future Home Power is expected to be a “major growth driver” for other Solar Integrated Roofing Corp. (OTC PINK: SIRC) subsidiaries and would serve as SIRC’s “business development arm,” driving a robust project flow for installers already working for the company’s portfolio of roofing and solar firms.

stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).

Solar Integrated Roofing Corp. (OTC PINK: SIRC) Signs A Binding Letter Of Intent To Purchase Future Home Power, A Fast-Growing Solar And Battery Storage Sales Company, Which Can Scale To $1+ Million Volume Per Week With 45%+ Gross Margins As Early As June 2021

Solar Integrated Roofing Corp. (OTC PINK: SIRC) believes Future Home Power can rapidly grow to a $1+ million per week business. Massey said, “Future Home Power generated over $7 million since inception (founded in late 2020 by Jason Newby) with between 10 and 15 sales representatives — since scaling to 30 with plans to reach 60 sales representatives by the end of May.”

SIRC sees Future Home Power rapidly scaling to volume of some $1+ million per week at a 45%+ gross margin as early as June 2021 — acting as a “major growth driver’ for other SIRC subsidiaries which can then complete the on-site contracting work once the sale is complete, capturing the full lifecycle value of each customer. The sales volume of $1+ Million per week would be incremental to SIRC at 45%+ gross margins.

$1+ Million Per Week Scaling For Future Home Power

Massey said, “Management believes that based join historical performance and with the new additions, Future Home Power can scale to a $1+ million per week sales flow, acting as a major revenue driver for other SIRC subsidiaries who can complete the on-site contracting work once the sale is complete.” Solar Integrated Roofing Corp. (OTC PINK: SIRC) Signs A Binding Letter Of Intent To Purchase Future Home Power, A Fast-Growing Solar And Battery Storage Sales Company, Which Can Scale To $1+ Million Volume Per Week With 45%+ Gross Margins As Early As June 2021.

San Diego-based Future Home Power specializes in the sales of residential solar panels as well as battery storage — partnering with local installers to finalize on-site installation. Massey added, “Future Home Power is a true up and comer in the solar and battery storage business — with $7 million in revenue since inception and projections an order of magnitude higher for 2021. Jason and his team have quickly earned a strong reputation for providing customers a smooth, simple process for solar panel and battery storage consultation and installation.”

Act As SIRC’s ‘Business Development Arm’

Massey described the benefits of the acquisition: “Leveraging a strong industry background as a top producing regional manager with Vivint Smart Home, Jason brings the lead generation skill set and industry experience necessary to drive rapid growth. When paired with our robust suite of operating businesses, we believe Future Home Power can act as business development arm, driving a robust project-flow for our installers working for the SIRC family of companies.” Solar Integrated Roofing Corp. (OTC PINK: SIRC) Signs A Binding Letter Of Intent To Purchase Future Home Power, A Fast-Growing Solar And Battery Storage Sales Company, Which Can Scale To $1+ Million Volume Per Week With 45%+ Gross Margins As Early As June 2021.

Solar Integrated Roofing Corp. (OTC PINK: SIRC) previously acquired  roofers/solar installers Cornerstone Construction, Enerev, LLC and has a joint venture agreement with several new home builders in the San Diego, Ca., market. Cornerstone Construction, which is based in South Carolina and operates in five states, solidifies SIRC’s roofing/solar footprint nationally. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Signs A Binding Letter Of Intent To Purchase Future Home Power, A Fast-Growing Solar And Battery Storage Sales Company, Which Can Scale To $1+ Million Volume Per Week With 45%+ Gross Margins As Early As June 2021.

Closing of any potential acquisition is subject to final due diligence, negotiation and execution of a definitive purchase agreement and all necessary approvals.

Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.

Source: Stock Market Press

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