SPI Energy to Host Conference Call to Discuss its EdisonFuture Subsidiary's Acquisition of Phoenix Motorcars

Rhea-AI Summary

SPI Energy (NASDAQ: SPI) announces the acquisition of Phoenix Motorcars by its subsidiary, EdisonFuture. This acquisition aims to enhance SPI's capabilities in electric vehicle design and production within the U.S. market.

The conference call to discuss this acquisition is scheduled for November 17, 2020, at 4:15 p.m. ET. SPI Energy continues to focus on renewable energy solutions and electric vehicles, targeting growth opportunities in the EV sector.

Positive

• Acquisition of Phoenix Motorcars expands SPI's EV design and production capabilities.
• Strategic alignment with growing demand for medium-duty electric fleet vehicles.
• Meaningful backlog anticipated to drive future revenue growth.

Negative

• None.

A Leader in Medium Duty Electric Fleet Vehicles, Phoenix Motorcars Adds Turnkey US-based EV Design and Production Capabilities Along with Meaningful Backlog

SANTA CLARA, CA / ACCESSWIRE / November 16, 2020 / SPI Energy Co., Ltd., (NASDAQ:SPI) (the "Company"), a global renewable energy company and provider of photovoltaic (PV) and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers and investors, will host a conference call on Tuesday, November 17, 2020 at 4:15 p.m. ET to discuss the acquisition of Phoenix Motorcars (www.phoenixmotorcars.com) by the Company's EdisonFuture subsidiary. A question and answer session will follow the presentation.

Event:	Phoenix Motorcars Acquisition Update
Date:	Tuesday, November 17, 2020
Time:	4:15 p.m. Eastern Time
Live Call:	+1- 877-425-9470 (U.S. Toll-Free) or +1- 201-389-0878 (International)

For interested individuals unable to join the conference call, a dial-in replay of the call will be available until December 1, 2020 and can be accessed by dialing +1-844-512-2921 (U.S. Toll Free) or +1-412-317-6671 (International) and entering replay pin number: 13713418.

About SPI Energy

SPI Energy Co., Ltd. (SPI) is a global renewable energy company and provider of photovoltaic (PV) and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers and investors. The Company provides a full spectrum of EPC services to third party project developers, as well as develops, owns and operates solar projects that sell electricity to the grid in multiple countries, including the U.S., the U.K., Greece, Japan and Italy. The Company has its US headquarters in Santa Clara, California and maintains global operations in Asia, Europe, North America and Australia. SPI is also targeting strategic investment opportunities in green industries such as battery storage and charging stations, leveraging the Company's expertise and growing base of cash flow from solar projects and funding development of projects in agriculture and other markets with significant growth potential.

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 report filed on Form 20-F 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
RedChipCompanies, Inc.
Phone:(407) 491-4498
dave@redchip.com

SOURCE: SPI Energy Co., Ltd.

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https://www.accesswire.com/616786/SPI-Energy-to-Host-Conference-Call-to-Discuss-its-EdisonFuture-Subsidiarys-Acquisition-of-Phoenix-Motorcars

FAQ

What is the purpose of SPI Energy's acquisition of Phoenix Motorcars?

The acquisition aims to enhance SPI Energy's capabilities in electric vehicle design and production in the U.S. market.

When is the conference call to discuss the acquisition of Phoenix Motorcars?

The conference call is scheduled for November 17, 2020, at 4:15 p.m. ET.

What impact will the acquisition of Phoenix Motorcars have on SPI Energy's business?

The acquisition is expected to expand SPI Energy's presence in the EV market and contribute to future revenue growth.

How can I access the replay of the SPI Energy conference call?

A dial-in replay will be available until December 1, 2020, at +1-844-512-2921 (U.S. Toll-Free) or +1-412-317-6671 (International).