Three Sixty Solar Adds Keegan Lang to Advisory Board

Rhea-AI Summary

Three Sixty Solar adds Keegan Lang to Advisory Board

Positive

• Keegan Lang, Director of Silver Fox Management Inc., joins Three Sixty Solar's Advisory Board
• Mr. Lang brings experience in project development in the renewables space
• Lang and Silver Fox will aid Three Sixty Solar in deploying their technology
• Lang's contacts in the solar industry will help secure supply agreements and partnerships

Negative

• None.

-- Key Experience in Solar Project Development

VANCOUVER, British Columbia, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Three Sixty Solar Ltd. (NEO: VSOL) (OTC: VSOLF) (“Three Sixty,” “Three Sixty Solar,” or the “Company”), an innovative alternative energy design, manufacture, and sales organization focused on solar equipment supply to the global marketplace, is pleased to announce that it has added Keegan Lang to the Company’s Advisory Board.

Key Points:

• Three Sixty has added Keegan Lang, Director of Silver Fox Management Inc. ("Silver Fox"), to their Board of Advisors.
• Mr. Lang brings a wealth of experience in project development in the renewables space including managing the delivery of Engineering, Procurement, and Construction contracts in Canada and the United States.
• Mr. Lang and Silver Fox will aid Three Sixty Solar in deploying the Company’s technology.
  

Three Sixty Solar’s CEO, Brian Roth states, “I’m very excited to be able to add Keegan to our Advisory Board and to be working more closely with him and the Silver Fox team. Their expertise in how to fund and deliver projects is expected to be beneficial in helping us further commercialize our technology. Additionally, his contacts throughout the solar industry are already proving beneficial as we work toward supply agreements for panels and other equipment as well as partnerships with developers throughout North America.”

Keegan Lang is a seasoned professional in the field of business development and consultancy with a track record of accomplishments. With a background in the oil and gas industry, Keegan transitioned into the renewables sector in 2018, where he has since thrived. Keegan has played a pivotal role in the growth of renewable energy projects, leveraging his network of professionals in the sector. His commitment to customer satisfaction and a customer-focused approach have enabled him to deliver more than $200mm worth of installed projects over the last five years.

Additionally, the company announces it has granted an aggregate of 200,000 options to purchase common shares (the “Options”) to Mr. Lang of the Company effective October 3, 2023. 10% of the Options vested on the date of grant, and 15% of the Options vest on each of the 4-, 10-, 16-, 22-, 28-, and 34-month anniversaries of the date of grant. Each Option is exercisable by the holder to purchase one common share at a price of $0.60 until October 3, 2026.

On Behalf of the Board of Directors,

--Brian Roth—

Brian Roth,
Chief Executive Officer & Director
Three Sixty Solar Ltd.
www.threesixtysolar.com

About Three Sixty Solar Ltd. (NEO: VSOL)

Three Sixty Solar Ltd. is an all-Canadian enterprise which focuses on solar equipment supply to the global market. The company’s premier product line is the patent pending SVS series commercial solar tower. According to Statistics MRC, the solar farm sector is set to grow to around $296 billion by 2028. Three Sixty Solar’s unique tower concept is a high density, clean energy solution that uses up to 90% less land space than conventional solar farms and can co-locate adjacent to homes, retail, agriculture, and industry, thus minimizing line loss and maximizing energy delivery in places where renewables have been difficult to install until now. In multi-tower applications, developers can utilize the spaces between towers to better leverage land assets through additional revenue generating activities. Designed to withstand major instances of extreme weather, Three Sixty Solar offers a clean energy solution with minimal environmental and habitat impact. To find our more, visit: www.threesixtysolar.com and please watch our video. To stay informed, please sign up to receive news alerts and follow us on Instagram (@threesixtysolar.vsol), Twitter (@ThreeSixtySolar), and Facebook (@threesixtysolar.vsol).

Forward Looking Information Disclaimer

This letter contains statements and information that, to the extent that they are not historical fact, may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as “may”, “would”, “could”, “will”, “likely”, “except”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook”, or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to, statements with respect to the Company’s plans to utilize Keegan Lang and Silver Fox to assist with the delivery and funding of projects and the expected benefits to the Company of the relationship.

Forward-looking information is based on the assumptions, estimates, analysis, and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; the Company’s ability to secure additional financing on reasonable terms; the competitive conditions of the sector in which the Company operates; and laws and any amendments thereto applicable to the Company.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to secure financing on reasonable terms or at all, as well as all of the other risks as described under the heading “Risks Factors” in the Company’s annual information form dated December 29, 2022 filed under the Company’s profile at www.sedar.com. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.

Neither the Neo Exchange Inc. nor any securities regulatory authority has approved nor disapproved the contents of this press release.

CONTACT INFORMATION

Three Sixty Solar Ltd.
Investor Relations
Email: investors@threesixtysolar.com
Telephone: +1-778-383-6743

Sales & Inquiries
Email: info@threesixtysolar.com
Telephone: +1-877-684-1972

FAQ

Who has Three Sixty Solar added to their Advisory Board?

Three Sixty Solar has added Keegan Lang, Director of Silver Fox Management Inc., to their Advisory Board.

What experience does Keegan Lang bring?

Keegan Lang brings experience in project development in the renewables space, including managing Engineering, Procurement, and Construction contracts.

How will Lang and Silver Fox aid Three Sixty Solar?

Lang and Silver Fox will aid Three Sixty Solar in deploying their technology and help secure supply agreements and partnerships.

What is the value of the options granted to Mr. Lang?

The options granted to Mr. Lang allow him to purchase common shares at a price of $0.60 until October 3, 2026.