RGS Energy Sees New California 2020 Solar Mandate Driving Demand for POWERHOUSE™ 3.0; Company Appoints Dow Solar Leader, John Hardwick, VP of Construction Services
POWERHOUSE™ 3.0 has significant advantages over traditional retrofit solar systems. In addition to being visually stunning, when building a new home the overall cost to install a built-in-photovoltaic (“BIPV”) system is comparatively less. RGS believes this is another “moat,” allowing it to have a competitive advantage in the solar marketplace.
To best serve POWERHOUSE™ Dealers, the company has appointed former Dow Solar field technical specialist,
“Joining the RGS POWERHOUSE™ team allows me to continue the mission of transforming the world of solar with revolutionary products,” said Hardwick. “My years of field experience with this product will support RGS Energy’s successful launch and rapid market acceptance of the product. For meeting this new mandate, I believe it will be the most economical and visually pleasing solution available in California.”
At Dow Solar, based in
Prior to Dow Solar, Hardwick worked as a senior project engineer and training manager for the
Hardwick holds a dual Bachelor of Science in Energy and Manufacturing Engineering from
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,” “anticipate,” 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; the adequacy of, and access to, capital necessary to commercialize POWERHOUSE™ 3.0; RGS Energy’s ability to satisfy the conditions and our obligations under the POWERHOUSE™ 3.0 license agreement; 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; 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; competition in the built-in photovoltaic solar system business; rules, regulations and policies pertaining to electricity pricing and technical interconnection of customer-owned electricity generation such as net energy metering; the continuation and level of government subsidies and incentives for solar energy; the continuation and level of utility and state incentives for solar energy; and changes in general economic, business and political conditions, including tariffs on imported solar cells and changes in the financial markets.
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