Solar Integrated Roofing Corp. (OTC PINK: SIRC) Signs Supply Strategic Compo-nent LOI With Healixa (OTC: EMOR); SIRC Will Supply Solar Panels And Other Components For ‘Global Aquaduct®’ Device Creating Near-Term Potential Ad-dressable Market Opportunity To SIRC Of $90 Million
Solar Integrated Roofing Corp. (OTC PINK: SIRC) announces today (October 5, 2021) that it has signed an LOI agreement with Healixa (OTC: EMOR) to supply components, such as solar panels and other components, for the ‘Global Aquaduct®’ device which utilizes Healixa’s Atmospheric Water Harvesting® (AWH™) system. SIRC said the agreement could produce an expected near-term potential addressable opportunity to SIRC of $90 million.
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Solar Integrated Roofing Corp. (OTC PINK: SIRC) Signs To Supply Strategic Component LOI With Helixa (OTC: EMOR); SIRC Will Supply Solar Panels And Other Components For ‘Global Aquaduct®’ Device Creating Near-Term Potential Addressable Market Opportunity To SIRC Of $90 Million
AWH™ is seen as a game-changing clean water technology that can harvest potable water directly from the atmosphere almost anywhere on Earth using a solar panel, Helixa, Inc., said. Under the agreement, SIRC will provide solar and other component parts for Healixa’s Global Aquaduct® device. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Signs Supply Strategic Component LOI With Healixa (OTC: EMOR); SIRC Will Supply Solar Panels And Other Components For ‘Global Aquaduct®’ Device Creating Near-Term Potential Addressable Market Opportunity To SIRC Of $90 Million.
Helixa says it already has had several government agencies and large companies express interest in its AWH™ technology.
David Massey, Chairman and CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), said, “Given the awareness of the Healixa’s AWH™ technology to harvest unlimited water from the air, we believe that we can help enable the energy to power the unit with our clean solar ‘off-the-grid’ components. Given that the expected near-term addressable market for the Global Aquaduct® is greater than 300,000 units, this gives us a potential $90 million revenue stream or more with full penetration.”
Healixa estimates the final sales price of units to be under $12,000 of which the solar panel components will make up approximately $300 per unit, the Company said. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Signs Supply Strategic Component LOI With Healixa (OTC: EMOR); SIRC Will Supply Solar Panels And Other Components For ‘Global Aquaduct®’ Device Creating Near-Term Potential Addressable Market Opportunity To SIRC Of $90 Million
Ian Parker, CEO of Healixa, said, “We chose to align with SIRC for the supply of solar panels to power the Global Aquaduct® because of their significant expertise in solar products and services, U.S. based operations and broad network of industry relationships. Utilizing SIRC will allow us to quickly build a solar energy equipment supply chain than can scale with demand.
“It is important that we source supply chains that are USA based as we build out our Department of Defense (DoD) and Special Operations Forces (SOF) distribution channels,” Parker continued. “Solar Integrated Roofing provides us with a multitude of options for the power components that will meet the supply chain requirements of DoD and SOF. Providing safe and easily deployed turn key watch solutions to our armed forces anywhere in the world is one of our priorities.”
Solar Integrated Roofing Corp. (OTC PINK: SIRC) Signs Supply Strategic Component LOI With Healixa (OTC: EMOR); SIRC Will Supply Solar Panels And Other Components For ‘Global Aquaduct®’ Device Creating Near-Term Potential Addressable Market Opportunity To SIRC Of $90 Million.
Healixa (OTC: EMOR) is a technology company focusing on building and acquiring innovative and disruptive technologies in the health-tech, clean water and green-tech industries. The company embraces innovation by combining its intellectual properties to create a ‘LaunchPad’ of disruptive sustainable products. Learn more at www.healixa.com
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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