RGS Energy Engages Supply Chain Manufacturing Partners for Launch of RGS POWERHOUSE™
Next Generation POWERHOUSE™ 3.0
By coupling roofing with an energy saving solar panel in a singular product, the POWERHOUSE™ Solar Shingle uniquely addresses the unmet needs of residential homeowners with asphalt rooftops, which represent about 85 percent of U.S. homes. Currently, more than 1,000 homeowners are enjoying benefits of earlier generations of POWERHOUSE™.
RGS Energy believes POWERHOUSE™ addresses a large, untapped market, appealing to both single-family homeowners and new home builders. The forthcoming POWERHOUSE™ 3.0 is designed to maintain or improve upon earlier generation product features, while substantially reducing manufacturing costs. POWERHOUSE™ 3.0 will offer a more competitive value proposition, even after the recently imposed tariff on imported solar cells.
RGS Energy estimates if POWERHOUSE™ achieves a 1% share of the re-roof and new home build markets, the product could be propelled to the billion-dollar revenue mark.
“We’re excited to be a part of this new POWERHOUSE™ 3.0 program,” said Bypina Veerraju Chaudary, Risen’s Chief Sales and Marketing Officer. “Built-in Photovoltaics are the path to greater world-wide adoption of solar technologies, and further enhances the clean energy choices for discerning consumers.”
General Polymers Thermoplastic Materials
General Polymers Thermoplastic Materials is one of the fastest growing multi-national thermoplastic resin distributors serving custom injection molders in
“Building-Integrated Photovoltaics is an untapped market in the U.S., and RGS Energy, America’s
Creative Liquid Coatings
“RGS is the perfect company to commercialize POWERHOUSE™ solar shingles, and we are excited to join them in introducing the product to a broader market,” said
RGS POWERHOUSE™ 3.0 Manufacturing Supply Chain Overview
|POWERHOUSE™ 3.0||POWERHOUSE™ 2.0|
|An improved product:|
|Price point to customer||Lower||Higher|
|Solar photovoltaic||Low cost and
more efficient glass silicon cells
|High cost and
less efficient CIGS cells
|Plastic resin||Equivalent durability, lower cost||Durable, higher cost|
|Supply chain partners:|
|Solar photovoltaic||Risen Energy Co., LTD|
|Horseshoe connector||Risen Energy Co., LTD|
|Built-in roof base plate:|
|Plastic resin||General Polymers Thermoplastic Materials, LLC|
|Injection Molding & Assembly||Creative Liquid Coatings, Inc.|
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,” “estimate,” “goal,” 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; cost and availability of raw materials; 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; the potential impact of the announcement of RGS Energy’s expansion into the POWERHOUSE™ 3.0 business with employees, suppliers, customers and competitors; RGS Energy’s ability to successfully and timely expand its POWERHOUSE™ 3.0 business outside of
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
A photo accompanying this announcement is available at http://resource.globenewswire.com/Resource/Download/4bf0b31a-c1e3-44e2-bd49-8710c61b9bd1