RGS Energy Engages Nationwide Distribution Partner for Launch of POWERHOUSE™, Written Reservations Surpasses $76 Million
VGS allows RGS to distribute POWERHOUSE™ 3.0 kits to roofers and homebuilders in 50 states and
“We are proud to partner with a cutting-edge company like RGS,” said
RGS Energy plans to begin sales and installation of POWERHOUSE™ 3.0 solar shingles immediately following UL 1703 certification. RGS has received written reservations for POWERHOUSE™ 3.0 now total more than
By coupling new roofing with visually stunning, energy-saving solar shingles, POWERHOUSE™ 3.0 addresses the unmet need of residential homeowners with asphalt rooftops, which represent about 85 percent of U.S. homes. More than a thousand homeowners are currently enjoying the cost-savings and aesthetic benefits of earlier generations of POWERHOUSE™.
About Venture Global Solutions
Venture Global Solutions, started in 2014, is a 3PL division of Venture Logistics (over 23 years in the industry). Aiming to not just be another 3PL company, but a true partner. Whether it is network optimization, transportation management and execution warehousing, or LTL consolidation, its objective is to generate value to your supply chain.
Venture designs and executes the optimal logistics plan specific to each customer. Each customer solution is developed to drive both cost reductions and operational efficiencies. Venture achieves this through experienced people, establishing processes, and utilizing the right technology for the task.
The ability to provide asset and non-asset-based transportation solutions coupled with warehousing capabilities, having over one million square feet of warehouse space, allows Venture to provide unparalleled customer service. For more information, go to www.ventureglobalsolutions.com.
About RGS Energy
RGS Energy (NASDAQ: RGSE) is America’s
For more information, visit RGSEnergy.com and RGSPOWERHOUSE.com, on
RGS Energy is the company’s registered trade name. RGS Energy files periodic and other reports with the
POWERHOUSE™ is a trademark of
Forward-Looking Statements and Cautionary Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, including statements regarding RGS Energy’s plans for the commercialization of the POWERHOUSE™ 3.0 Solar Shingle, and RGS Energy’s business and financial strategies. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they provide our current beliefs, expectations, assumptions, forecasts, and hypothetical constructs about future events, and include statements regarding our future results of operations and financial position, business strategy, budgets, projected costs, plans and objectives of management for future operations. The words “forecast,” “project,” “expect,” “plan,” “future,” “believe,” “may,” “hypothetical,” “will,” “estimated,” and similar expressions as they relate to RGS Energy are intended to identify such forward-looking statements.
Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Therefore, RGS Energy cautions you against relying on any of these forward-looking statements.
Key risks and uncertainties that may cause a change in any forward-looking statement or that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include: RGS Energy’s ability to successfully and timely commercialize POWERHOUSE™ 3.0; the ability to obtain requisite UL certification of POWERHOUSE™ 3.0; RGS Energy’s ability to manage supply chain in order to have production levels and pricing of the POWERHOUSE™ 3.0 shingles to be competitive; demand for POWERHOUSE™; the ability of RGS Energy to successfully expand its operations and employees and realize profitable revenue growth from the sale and installation of POWERHOUSE™ 3.0, and to the extent, anticipated; RGS Energy’s ability to realize revenue from written reservations for initial POWERHOUSE™ deliveries; and RGS Energy’s ability to obtain future written reservations for POWERHOUSE™ deliveries.
You should read the section entitled “Risk Factors” in our 2017 Annual Report on Form 10-K, which has been filed with the
Investor Relations Contact
Managing Partner, CMA