Sun Pacific Holding Corp Provides Positive Outlook for 2021 Driven by New Partnerships and Project Launches

Rhea-AI Summary

Sun Pacific Holding (OTC Pink: SNPW) announced a promising outlook for 2021, highlighting new partnerships and project developments. Key initiatives include a 50MW solar farm in Durango, Mexico, progressing toward financial closure and construction this year. The company aims to expand market reach through Geopath membership and an MOU with Atlas Transit Solutions for a SMART Bus Shelter. Additionally, Medrecycler RI is on track for a 48,000 SF pyrolysis facility for medical waste processing by year-end, and National Mechanical Group is seeking UL certification for its patented solar panels.

Positive

• 50MW solar farm project in Durango, Mexico, moving forward with financial reviews aimed for construction in 2021.
• Partnership with Geopath expected to increase market reach and data-driven advertising capabilities.
• MOU with Atlas Transit Solutions to develop a SMART Bus Shelter enhances product offerings.
• Progressing through regulatory approval for a 48,000 SF pyrolysis facility to process medical waste, operational by end of 2021.
• National Mechanical Group targeting UL certification for patented glass-less solar panels.

Negative

• None.

MANALAPAN, N.J., March 22, 2021 (GLOBE NEWSWIRE) -- Sun Pacific Holding Corp. ("Sun Pacific Holding" or the "Company") (OTC Pink: SNPW), focused on the development and commercialization of renewable and solar energy technologies, provides a positive outlook for 2021 driven by new partnerships and expected project launches that the Company believes should create a new foundation for growth. These include the following:

1. The proposed 50MW solar farm project in Durango Mexico continues its development after a delay due to Covid-19 and is currently undergoing a financial review with a selected EPC and funding group. This partnership is targeting a financial closing and the commencement of construction in 2021.
    
2. The Company's membership with Geopath is expected to support a strategy for expanding our market reach to targeted advertisers in the OOH industry. By adding the Company’s subsidiary Street Smart Outdoor Corp’s inventory to the Geopath Insights Suite we should witness enhanced metrics that are key to advertisers both locally and nationwide that empowers an increase in data-driven buying.
    
3.  The Company’s recently announced MOU with Atlas Transit Solutions to collaborate on the development of a high efficiency off grid digital plug and play modular unit will develop a new SMART Bus Shelter which integrates a new software as a service that enhances the commuters experience while driving a new unique and proprietary product offering.
    
4. The Company’s subsidiary Medrecycler RI, Inc. continues to progress through the regulatory process for the approval to construct a 48,000 SF state-of-the-art pyrolysis facility expected to process 70 tons of medical waste per day. With approval and the completion of financing, the project should be operational by the end of 2021.
    
5. The Company’s subsidiary National Mechanical Group is taking steps towards the testing and preparation for UL certification for its patented glass-less solar panels for commercial and government use. The approval for this new proprietary product should provide the Company with licensing and partnership arrangements that should drive the monetization of this unique company held IP.

Nicholas Campanella, Chairman and Chief Executive Officer stated, “2020 presented many challenges and delays for the Company, yet we have taken deliberate steps to provide a new solid foundation to grow the Company in a focused and responsible manner, taking the opportunity to build valuable relationships and expand into international markets through partnerships and other collaborations. We are excited by the opportunity to position the company for a bright future in 2021 and beyond.”

About Sun Pacific Holding Corp.

Sun Pacific Holding Corp. (OTC Pink: SNPW) is a publicly traded company with the mission to transform neighborhoods across the USA into smart cities powered by renewable energy. Our focus is protecting the environment by adapting new green technologies and developing synergy across our subsidiaries. Our aggressive pursuit of opportunities in green driven solutions deliver competitive solutions for communities and value for our shareholders.

For more information, visit www.sunpacificholding.com.

IR Contact
Sun Pacific Holding Corp
Phone: +1 (888) 845-0242
Email: ir@sunpacificholding.com
Website: www.sunpacificholding.com

FAQ

What is Sun Pacific Holding's outlook for 2021?

Sun Pacific Holding is optimistic for 2021, driven by new partnerships and project launches.

What are the key projects Sun Pacific Holding is developing?

Key projects include a 50MW solar farm in Durango, a SMART Bus Shelter, and a pyrolysis facility for medical waste.

How does the partnership with Geopath benefit Sun Pacific Holding?

The partnership with Geopath is expected to enhance market reach and provide valuable insights for advertisers.

What is the timeline for the solar farm project in Durango?

The solar farm project in Durango is targeting financial closure and construction commencement in 2021.

What is the purpose of the pyrolysis facility being developed by Medrecycler RI?

The pyrolysis facility aims to process 70 tons of medical waste per day and is expected to be operational by the end of 2021.

What products is the National Mechanical Group seeking certification for?

The National Mechanical Group is seeking UL certification for its patented glass-less solar panels.