Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) USA Solar Networks (USN) Subsidiary Provides Solar And Alternative Energy Solutions Initiative For Poultry Farms; Pablo Diaz, CEO Of USN, Says Poultry Farmers Are ‘Ideal Candidates’ In Company’s Beta Program To Test This $40 Billion Market
Solar Integrated Roofing Corp. (OTC PINK: SIRC) announces today (November 24, 2021) that its subsidiary, USA Solar Networks (USN), has launched a new initiative for the $40 billion poultry farm industry, offering solar and alternative energy solutions to address the farmers’ second largest expense item: electricity. Pablo Diaz, CEO of USN and newly-named president of parent SIRC, said the Company is testing a new Beta program to help reduce high energy costs. “The poultry industry has long been neglected by the solar industry despite being large consumers of electric power,” Diaz says. In its initial presentation, SIRC signed development agreement contracts totaling $2.5 million, reflecting a 66% closing ratio. David Massey, chairman and CEO of SIRC, said a national rollout can create $50+ million in new projects in 2022.
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Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) USA Solar Networks (USN) Subsidiary Provides Solar And Alternative Energy Solutions Initiative For Poultry Farms; Pablo Diaz, CEO Of USN, Says Poultry Farmers Are ‘Ideal Candidates’ In Company’s Beta Program To Test This $40 Billion Market
The initiative would cover the 233,000 poultry farms nationwide that generate total annual sales of some $40 million, SIRC says. To those farms, electricity is often the second largest energy expense they face. They have extensive lighting, ventilation, heating, cooling and feed lines expenses, the Company says.
SIRC adds that a successful Beta test in the test rural town market of Mena, Arkansas has delivered a successful Beta test with a closing ratio far exceeding national commercial averages provide ‘confidence’ in the new initiative, the Company reports.
“In our Beta program to test this market, we sent a team to Mena, Arkansas, a rural town heavily populated with poultry farms,” according to Pablo Diaz of SIRC. “In our initial visit, we met with six business owners to explain how a solar system could save cost for their business. We signed development agreements with four of them, with contracts totaling over $2.5 million dollars. This 66% closing ratio far surpasses that of the national commercial sales average of 20%.
David Massey, chairman and CEO of SIRC, says a national rollout of the program could mean $50+ million in new projects in 2022.
“We were impressed by the results of the Beta test in Arkansas and are confident the nationwide rollout of this targeted program can create over $50 million dollars in new projects in 2022, with signed development agreements with 100 poultry farms,” Massey says. “In the coming months, the USA Solar Networks team will be returning to Arkansas and neighboring states to offer the benefits of solar.”
He further praised Diaz — newly named SIRC president — for his success at generating organic growth through innovative solutions in existing and new markets. Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) USA Solar Networks (USN) Subsidiary Provides Solar And Alternative Energy Solutions Initiative For Poultry Farms; Pablo Diaz, CEO Of USN, Says Poultry Farmers Are ‘Ideal Candidates’ In Company’s Beta Program To Test This $40 Billion Market.
“Pablo has again demonstrated his value and why we recently tasked him with spearheading growth across the SIRC family of companies as President. He continues to introduce innovative solutions for existing and untapped new markets, contributing to our strong organic growth, momentum and shareholder value,” Massey concluded.
Important to the program is that it allows farmers to take advantage of alternative energy benefits to power their operations. These include federal tax subsidies available to businesses, reduced or eliminated high utility costs, and substantially increasing cash flow over a 25-year period. Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) USA Solar Networks (USN) Subsidiary Provides Solar And Alternative Energy Solutions Initiative For Poultry Farms; Pablo Diaz, CEO Of USN, Says Poultry Farmers Are ‘Ideal Candidates’ In Company’s Beta Program To Test This $40 Billion Market.
Another factor helping farmers cut costs under SIRC’s initiative is their application of the Department of Agriculture’s Rural Energy for American Program (REAP) which can help farmers reduce energy expenses. Under the REAP program, farmers are eligible to receive a grant for up to 25% of the solar project cost, which can equate to hundreds of thousands of dollars saved, SIRC says.
Pablo Diaz was named President of SIRC recently, citing his ‘relentless drive’ and changing the course of SIRC for the better. He has been an instrumental player in a number of transactions for SIRC and a frequent participant in SIRC interviews with the NASDAQ Marketplace, Q&A interviews with SIRC shareholders and other venues. He joined SIRC as CEO of USA Solar Networks, now a SIRC subsidiary. David Massey, Chairman and CEO of SIRC, said Diaz has ‘secured $280 million in commercial projects’ for the Company’s development pipeline.
“In his initial four months since joining SIRC as CEO of USA Solar Networks subsidiary, Pablo has developed a nationwide dealer network while concurrently securing $280 million in commercial projects for our development pipeline,” said David Massey, Chairman and CEO of SIRC.
“His relentless drive has been invaluable, changing the course of SIRC for the better. I look forward to working closely with him to drive long-term value creation for our shareholders,” Massey concluded.
Diaz called the promotion the ‘highlight of my career.’ He added, “The scale that we are beginning to reach is truly incredible, spanning an ever-growing SIRC family of companies. I firmly believe that we will become a leading national player and appreciate the continued support of our valued shareholders as we strive towards this goal.”
Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) USA Solar Networks (USN) Subsidiary Provides Solar And Alternative Energy Solutions Initiative For Poultry Farms; Pablo Diaz, CEO Of USN, Says Poultry Farmers Are ‘Ideal Candidates’ In Company’s Beta Program To Test This $40 Billion Market
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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