Viper Networks and Toledo Solar Announce Strategic U.S. Manufacturing and Partnership Agreement

Rhea-AI Summary

Viper Networks (OTC Pink: VPER) has announced a Strategic U.S. Manufacturing and Partnership Agreement with Toledo Solar, Inc., consolidating its manufacturing operations in Ohio. This move aims to meet current and future product demands, enhancing efficiency. Both companies are located near each other, facilitating collaboration. The partnership will promote each other's technologies in Smart City markets, targeting sectors like education and government. CEO Farid Shouekani emphasized the significance of this collaboration amid the ongoing development of the U.S. Infrastructure Bill focused on Smart Cities.

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• Strategic partnership with Toledo Solar to consolidate manufacturing operations, enhancing efficiency.
• Focus on promoting each other's technologies to expand reach in Smart City markets.

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• None.

TROY, Mich., June 25, 2021 (GLOBE NEWSWIRE) -- Viper Networks, Inc. (OTC Pink: VPER), an international leader in the LED Street Lights products and integrated Smart Cities systems and solutions markets, is pleased to announce that the Company has entered into a Strategic U.S. Manufacturing and Partnership Agreement with Toledo Solar, Inc., a Toledo, Ohio based Solar products manufacturer.

The agreement will allow Viper Networks to consolidate its manufacturing facilities into one location for their products and integrated services to meet all current production requirements as well as significantly greater product demands from future domestic and international projects. In short order, all manufacturing will be based at Toledo Solar’s state-of-the-art manufacturing facilities and headquarters in Perrysburg (Greater Toledo), Ohio.

Geographical advantages also exist with both companies operating within approximately 75 miles of one another, with Toledo Solar located near the Michigan-Ohio border and Viper Networks located within the Greater Detroit area in Troy, MI.

The Strategic U.S. Manufacturing and Partnership Agreement highlighted in the agreement will include the marketing and presentation of each other’s technology and products to existing and potential customers domestically and internationally in the Smart City markets, while targeting vital segments of the U.S. economy, including schools, colleges, universities, municipalities, commercial facilities, private institutions, and governmental facilities.

Mr. Farid Shouekani, Viper Networks CEO and President, commented: “We are excited to partner with Toledo Solar, the only U.S. manufacturer of CdTe thin film PV solar panels for both the residential rooftop and commercial markets; and to soon deliver 100% ‘Made in the USA’ solar technology to complement our Smart Street Lights and Smart Cities technology and solutions.”

Mr. Shouekani continued: “The timing of this collaboration couldn’t be better as the Biden Administration and U.S. Congress continue to formalize the massive Infrastructure Bill with the Smart Cities and Communities Act focusing on the technological advancement of Smart Cities services and the nation’s infrastructure buildout.”

ABOUT TOLEDO SOLAR, INC.

Toledo Solar, Inc (www.toledosolar-inc.com), is the only U.S. manufacturer of CdTe thin film PV for both residential and commercial rooftop markets and offers an industry-leading 25-year warranty. Their hermetically sealed, frameless all-glass construction create the longest-lasting solar panels in the market and boast 5% to 10% superior overall power output performance while utilizing the entire visible spectrum of the sun. On a lifecycle basis, Cadmium telluride photovoltaics (CdTe PV) has the smallest carbon footprint, lowest water use, shortest energy payback time, and the best recycling programs of any current photovoltaic technology manufactured at scale. CdTe PV's overall energy payback time of less than a year allows for faster carbon reductions without short-term energy deficits, in contrast to China-made silicon-based solar cells which degrade faster and capture less useable light.

For more information go to www.ViperNetworks.com or follow us on Twitter @vipernetworks

Safe Harbor Statement:
This news release contains "forward-looking statements" as that term is defined in Section 27A of the U.S. Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this release which are not historical are forward-looking and include any statements regarding beliefs, expectations or intentions regarding the future. Such statements are not guaranteeing of future performance and actual results may differ materially from those predicted and any reported should not be considered an indication of future performance. Potential risks and uncertainties include the Company's operating history and resources, economic, competitive, and equity market conditions.

Investor Relations/Media Contact: SAG Equity IR Group, Greater Orlando / 407.444.5959

FAQ

What is the Strategic U.S. Manufacturing and Partnership Agreement between Viper Networks and Toledo Solar?

Viper Networks has entered into a partnership to consolidate manufacturing with Toledo Solar, improving operational efficiency and meeting growing product demand.

How does Viper Networks' partnership with Toledo Solar impact their LED Street Light products?

The partnership enables Viper Networks to integrate solar technology with their Smart Street Lights, promoting 'Made in the USA' solar solutions.

What sectors are being targeted by Viper Networks through its partnership with Toledo Solar?

Viper Networks aims to target education, government, and commercial sectors through the promotion of Smart City technologies.

How is the Biden Administration's Infrastructure Bill relevant to Viper Networks?

The collaboration aligns with the Infrastructure Bill's focus on Smart Cities, enhancing technological advancements in urban infrastructure.

What is the stock symbol for Viper Networks?

Viper Networks is traded under the stock symbol VPER.