iSun’s PALM™ Electric Vehicle Chargers Selected for Wisconsin Charging Installation

Rhea-AI Summary

iSun, Inc. (NASDAQ: ISUN) has announced the installation of its PALM™ solar-powered EV charging system in Wisconsin, marking its 50th commercial installation. This expansion highlights iSun's growth in new markets and signifies the project's potential for future installations. The Mobility™ Platform is customizable and designed to meet various project needs, accommodating six vehicles with advanced software support. CEO Jeff Peck noted increased interest in charging solutions tailored for Class 8 EVs, emphasizing the company's commitment to addressing EV charging challenges.

Positive

• 50th commercial EV charging installation underscores company growth.
• Successful entry into the Wisconsin market enhances geographic presence.
• Platform customization tailored for varying project needs increases market appeal.

Negative

• None.

Execution of agreement marks iSun’s 4^th installation of its branded EV charging unit in 2021 and first placement in the State of Wisconsin.

WILLISTON, Vt.--(BUSINESS WIRE)-- iSun, Inc. (NASDAQ: ISUN) (the “Company”, or “iSun”), a leading solar energy and clean mobility infrastructure company with 50-years of construction experience in solar, electrical and data services, and a provisor of proprietary electric vehicle charging platforms, today announced that its iSun’s PALM™ solar-powered EV charging system has been selected by an undisclosed party (‘The Partner’) for a Wisconsin commercial EV charging installation.

HIGHLIGHTS:

• Project anticipated to be the first of several installations of iSun’s Mobility Platform for the Partner
• Signifies iSun’s successful expansion into new geographic markets
• Marks iSun’s 50th commercial EV charging installation
• Illustrates the EV charging platform’s utility, value to commercial customers

The Mobility™ Platform leverages iSun’s experience as one of the largest Solar EPC’s in the US to eliminate barriers to EV adoption. Offered in a grid-tied (PALM™) or stand-alone (ROAM™) configuration that generates and stores its own clean electricity to power electric vehicles (‘EV’s), iSun’s Mobility™ Platform is a highly customizable, modular EV charging solution that can easily be tailored to the needs of any specific project, customer or EV, including Class 8 EV trucks. Equipped with iSun’s proprietary AmpUp™ app and software, iSun Mobility™ Platforms include complimentary support from iSun’s Mobility™ Team, who manage all aspects of the system on the owner’s behalf. The Partner’s configuration accommodates 6 vehicles, and comes equipped with under-canopy LED lighting, 2 EV chargers preloaded with iSun’s proprietary software and comes equipped with the iOS dashboard, enabling complimentary monitoring by iSun’s mobility team. The system is powered by 40 72-cell bi-facial solar modules, and is configured for installation on helical piles, allowing for fast installation and relocation should the need arise.

“Our experience installing and maintaining over 50 EV charging stations gives us a customer-centric view of the challenges associated with EV charging solutions,” commented Jeff Peck, iSun’s Chief Executive Officer. “ROAM™ and PALM™ carports address many of the pain-points often associated with EV charging station ownership, including ease of installation, durability, and ongoing management, maintenance, and support. We’re seeing more interest in Mobility Platforms tailored for class-8 vehicle use, which is promising for the future.”

For more information on purchasing iSun’s Mobility Platform, contact Kyle Keiser at kyle@isunenergy.com.

About iSun Inc.

Since 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted electrical contractor to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 400 megawatts of solar systems. The Company has provided solar EPC services across residential, commercial & industrial, and utility scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. Please visit www.isunenergy.com for additional information.

Forward Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of

1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.

The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.

All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211104005707/en/

IR Contact:

Tyler Barnes

IR@isunenergy.com

802-289-8141

Source: iSun, Inc.

FAQ

What recent installation has iSun, Inc. (ISUN) completed?

iSun has recently completed the installation of its PALM™ solar-powered EV charging system in Wisconsin.

How many commercial EV charging installations has iSun completed?

iSun has completed a total of 50 commercial EV charging installations.

What is the significance of the new installation for iSun?

The new installation marks iSun's expansion into the Wisconsin market and is expected to lead to further projects.

What features does the Mobility™ Platform offer?

The Mobility™ Platform is customizable and supports various configurations, including the ability to power Class 8 EV trucks.