Solar Integrated Roofing Corp. Appoints Veteran Renewable Energy Finance Executive Héctor Peña to Board of Directors

Rhea-AI Summary

Solar Integrated Roofing Corp. (OTC PINK:SIRC) announced the appointment of Héctor Peña to its Board of Directors, enhancing its qualifications for uplisting to OTCQB. Peña brings over 20 years of renewable energy finance experience, previously serving as VP of Finance at Suntuity and as Financial Controller at Scout Clean Energy. His expertise includes managing transactions worth billions, which may bolster the company's focus on cost savings and sustainable revenue growth. The company aims to increase shareholder value through enhanced governance and operational efficiency.

Positive

• Appointment of Héctor Peña enhances board expertise in renewable energy finance.
• Qualifies the company for application to uplist to OTCQB, potentially increasing visibility and credibility in the market.
• Peña's background may lead to streamlined revenues and cost savings, supporting sustainable revenue growth.

Negative

• None.

Additional Independent Board Member Qualifies Company for Application to Uplist to OTCQB

EL CAJON, CA / ACCESSWIRE / November 23, 2021 / Solar Integrated Roofing Corp. (OTC PINK:SIRC), an integrated, single-source solar power and roofing systems installation company, today announced the appointment of Héctor Peña, a veteran renewable energy finance executive, to the Board of Directors.

Héctor Peña is a financial executive with over 20 years' experience in accounting and operations, M&A, due diligence, turnarounds, start-ups, and large complex projects at solar renewable energy organizations. Most recently he was Vice President of Finance and Suntuity, part of the Suntuity Group of companies, a conglomerate of renewable energy, finance, technology and UAV service companies, where he helped to expand the company nationwide.

Previously he was Financial Controller at Scout Clean Energy a wind and solar renewable energy organization with more than 60 entities, a balance sheet of over $1.2B and revenues of over $50M annually. He has served as Director of AM and Business Ops at X-Elio North America and Head of Accounting Solar Frontier Americas for Idemitsu Renewables. Héctor has also held accounting and controller positions at Gestamp Solar N.A., Environmental Systems Corporation, CIL, M.J. Daly LLC and Noble Environmental Power. He holds a Bachelors of Science in Financial Accounting from University of New Haven and a Masters of Science in Accounting from Eastern Connecticut State University.

"Héctor has overseen billions of dollars worth of transactions financing the development of projects in renewable power generation and other commercial and residential construction," said David Massey, Chief Executive Officer of Solar Integrated Roofing. "His expertise at streamlining revenues, cost savings initiatives, and strengthening overall operating margins will support a continuing focus on sustainable revenue growth, our corporate streamlining program to decrease costs and further realize cost synergies across our family of companies, and goal to achieve profitability in the near-term.

"With this additional independent board member appointed, we now qualify to apply to uplist to the OTCQB. We are privileged to welcome Héctor to the Board and look forward to his contributions to help us increase the breadth and depth of our reach as a Company, positioning us to continue to create value for our shareholders," concluded Massey.

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC PINK:SIRC), is an integrated, single-source solar power and roofing systems installation platform company specializing in commercial and residential properties throughout the United States. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com or join us on Twitter, Facebook or Discord.

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

Investor Relations Contact:
Lucas A. Zimmerman
Director
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us

SOURCE: Solar Integrated Roof Corp

View source version on accesswire.com:
https://www.accesswire.com/674244/Solar-Integrated-Roofing-Corp-Appoints-Veteran-Renewable-Energy-Finance-Executive-Hctor-Pea-to-Board-of-Directors

FAQ

Who is Héctor Peña, and what does he bring to Solar Integrated Roofing?

Héctor Peña is a veteran renewable energy finance executive with over 20 years of experience, expected to enhance the company's board expertise and overall financial strategy.

What is the significance of Solar Integrated Roofing qualifying for OTCQB?

Qualifying for OTCQB may enhance the company's market visibility and attract more investors, potentially impacting stock performance positively.

How might Héctor Peña's appointment affect Solar Integrated Roofing's financial strategy?

Peña's expertise in managing large transactions and cost-saving initiatives may help streamline operations and enhance revenue growth.

What is the impact of having an independent board member for Solar Integrated Roofing?

An independent board member like Héctor Peña can bring fresh perspectives and greater oversight, potentially improving governance and strategic decision-making.