Solar4America Hires Sales Leader Franz Feuerherdt, with 15+ Years of Industry Sales Experience, To Lead Solar Module Sales Nationwide

Rhea-AI Summary

SPI Energy Co., Ltd. (NASDAQ: SPI) announced the appointment of Franz Feuerherdt as VP of Sales & Marketing for its solar division, Solarjuice Technology Inc. This strategic hire comes as the company anticipates significant growth in the PV module industry. Feuerherdt brings over 15 years of experience, previously serving as National Sales Director at Mission Solar Energy. The company's focus on US manufacturing positions it favorably in light of new federal policies promoting domestic solar products.

Positive

• Appointment of Franz Feuerherdt as VP of Sales & Marketing expected to drive sales growth.
• Feuerherdt's extensive experience in the solar industry may enhance operational effectiveness.
• Company's investment in US manufacturing aligns with federal policies increasing demand for domestic solar products.

Negative

• None.

MCCLELLAN PARK, CA / ACCESSWIRE / September 12, 2022 / SPI Energy Co., Ltd., (NASDAQ:SPI) (the "Company"), a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers, today announced Solarjuice Technology Inc. (D.B.A. Solar4America), the Company's solar manufacturing division, has appointed Franz Feuerherdt as VP of Sales & Marketing.

Prior to joining Solarjuice Technology, Mr. Feuerherdt was the National Sales Director for Mission Solar Energy, one of the largest module manufacturers in the US, for nearly five years. Previously, Mr. Feuerherdt served in roles with Flex and SolarWorld, where he worked with national key accounts across all industry segments.

"Franz is a key addition to our talented team as we anticipate tremendous sales growth in the PV module industry over the next several years," said Xiaofeng Peng, Chairman and CEO of SPI Energy. "With his extensive 15 plus years' experience in the solar industry, as well as a multi-decade track record of sales success, we believe Franz will play a key role as we aggressively ramp up manufacturing and sales of American-made modules."

"I am excited to join SolarJuice, a leader in US module manufacturing. I am very impressed with the Company investing heavily into US manufacturing even prior to the recent announcements of federal policy that will drive demand specifically for US-made solar products." added Franz. "SolarJuice's leading technology and its own manufacturing facilities ideally position the company for growth and success."

About SPI Energy

SPI Energy Co., Ltd. (NASDAQ: SPI) is a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions that was founded in 2006 in Roseville, California and is headquartered in McClellan Park, California.

The company has three core divisions: SolarJuice which has solar wholesale distribution, as well as residential solar and roofing installation and solar module manufacturing, SPI Solar and Orange Power which operates a commercial & utility solar division, and the EdisonFuture/Phoenix Motor EV division. SolarJuice is the leader in renewable energy system solutions for residential and small commercial markets and has extensive operations in the Asia Pacific and North American markets. The SPI Solar commercial & utility solar division provides a full spectrum of EPC services to third party project developers, and develops, owns and operates solar projects that sell electricity to the grid in multiple regions, including the U.S., U.K., and Europe. Phoenix Motor is a leader in medium-duty commercial electric vehicles, and is developing EV charger solutions, electric pickup trucks, electric forklifts, and other EV products.

SPI maintains global operations in North America, Australia, Asia and Europe and is also targeting strategic investment opportunities in fast growing green industries such as battery storage, charging stations, and other EVs which leverage the Company's expertise and substantial solar cash flow.

For more information on SPI Energy and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company's public filings and press releases available under the Investor Relations section at www.SPIgroups.com or available at www.sec.gov.

Forward-Looking Statements

This press release contains forward-looking statements, as that term is defined in the Private Litigation Reform Act of 1995, that involve significant risks and uncertainties. Forward-looking statements can be identified through the use of words such as "may," "might," "will," "intend," "should," "could," "can," "would," "continue," "expect," "believe," "anticipate," "estimate," "predict," "outlook," "potential," "plan," "seek," and similar expressions and variations or the negatives of these terms or other comparable terminology. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect the Company's current expectations and speak only as of the date of this release. Actual results may differ materially from the Company's current expectations depending upon a number of factors. These factors include, among others, the coronavirus (COVID-19) and the effects of the outbreak and actions taken in connection therewith, adverse changes in general economic and market conditions, competitive factors including but not limited to pricing pressures and new product introductions, uncertainty of customer acceptance of new product offerings and market changes, risks associated with managing the growth of the business, and those other risks and uncertainties that are described in the "Risk Factors" section of the Company's annual Form 10-K report filed with the Securities and Exchange Commission. Except as required by law, the Company does not undertake any responsibility to revise or update any forward-looking statements.

Contact:

SPI Energy Co., Ltd.
IR Department
Email: ir@spigroups.com

Dave Gentry
RedChip Companies, Inc.
Phone:(407) 491-4498
SPI@redchip.com

SOURCE: SPI Energy Co., Ltd.

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FAQ

Who is Franz Feuerherdt?

Franz Feuerherdt is the newly appointed VP of Sales & Marketing at SPI Energy's solar division, Solarjuice Technology Inc., with over 15 years of experience in the solar industry.

What is the expected impact of Franz Feuerherdt's appointment on SPI Energy?

His appointment is expected to drive significant sales growth in the PV module industry for SPI Energy.

Why is SPI Energy focusing on US manufacturing?

SPI Energy is investing in US manufacturing to take advantage of recent federal policies that promote demand for domestically produced solar products.