Three Sixty Photo voltaic Certifies New Tower Design

Three Sixty Photo voltaic Certifies New Tower Design
Three Sixty Photo voltaic Certifies New Tower Design

Friday, October 21, 2022, 6:30 AM MDT

–Electrical Output Elevated by 300%

VANCOUVER, British Columbia, Oct. 21, 2022 (GLOBE NEWSWIRE) — Three Sixty Photo voltaic Ltd. (NEO: VSOL) (OTC: VSOLF) (“Three Sixty,” “Three Sixty Photo voltaic,” or the “Firm”), an progressive various vitality design, manufacture, and gross sales group focussed on photo voltaic tools provide to the worldwide market, is worked up to announce the event of an all-new large-format solar-utility tower for multi-tower megawatt-scale functions.

With curiosity rising within the Firm’s product lineup of progressive photo voltaic towers, Three Sixty Photo voltaic’s improvement group and companions applied a mission to design a considerably up-scaled model of the bottom tower configuration. The result’s the profitable engineering of an all-new mannequin based mostly on design standards which known as for a large-format tower able to withstanding wind, seismic, and associated structural masses with a vertical elevation as much as 120’ tall with photo voltaic generated electrical output as much as 250 kW of rated energy. This is a rise of over 300% in comparison with the present most tower design.

With the introduction of this new mannequin, Three Sixty Photo voltaic will be capable of set up a full megawatt (sufficient to energy 100 houses*) of rated energy utilizing simply 4 towers occupying lower than 10,000 sq. ft of land. This equates to lower than 5% of the land that will be required for a typical ground-mount photo voltaic set up of the identical rated energy output.

Three Sixty Photo voltaic’s CEO, Brian Roth states, “Putting in extra energy on fewer towers and in much less house permits us to simplify {the electrical} programs, cut back prices, and enhance efficiencies for our prospects. The bigger format additionally permits us to combine extra utilities contained in the tower, together with heavy responsibility battery storage programs, telecommunications tools and extra. With massive scale applicability, I anticipate this new design is poised to a turn into a game-changing alternative on our path to deploying our beforehand acknowledged aim of 500 megawatts of energy inside the subsequent 5 years. We imagine we’re on-track to unlock significant shareholder worth as our product line expands to fulfill the rising calls for of an environmentally greener society.”

Three Sixty Photo voltaic has made extra funds pursuant to its beforehand introduced engagement with Artistic Direct Advertising and marketing Group, Inc. (“CDMG”) (Founder & CEO: Craig Huey; handle: 1313 4th Avenue North Nashville, TN 37208, United States; cellphone: 615-814-6633) for advertising companies.

CDMG will, as acceptable, create campaigns, reportalogs, newsalogs, emails sequence, native and show advertisements for bodily and digital mediums, arrange and handle remarketing campaigns, and convey consideration to the enterprise of the corporate in consideration of $802,500 (U.S.). The promotional exercise will happen by print, e-mail, and social media.

On Behalf of the Board of Administrators,

Brian Roth

Brian Roth,Chief Govt Officer & DirectorThree Sixty Photo voltaic Ltd.www.threesixtysolar.com

* Based mostly on 1,000 hours of energy technology per yr and common consumption of 10,000 kWH per yr per house. Energy technology and common consumption differ by location.

About Three Sixty Photo voltaic Ltd. (NEO: VSOL) (OTC: VSOLF)

Three Sixty Photo voltaic Ltd. is an progressive various vitality design, manufacture, and gross sales group which focuses on photo voltaic tools provide to the worldwide market. The corporate’s premier product line is the patent pending SVS sequence industrial photo voltaic tower. Based on Statistics MRC, the photo voltaic farm sector is ready to develop to round $296 billion by 2028. Three Sixty Photo voltaic’s distinctive tower idea is a excessive density, clear vitality resolution that makes use of as much as 90% much less land house than typical photo voltaic farms and might co-locate adjoining to houses, retail, agriculture, and trade, thus minimizing line loss and maximizing vitality supply in locations the place renewables have been tough to put in till now. In multi-tower functions, builders can make the most of the areas between towers to raised leverage land belongings by means of extra income producing actions. Designed to resist main cases of utmost climate, Three Sixty Photo voltaic gives a clear vitality resolution with minimal environmental and habitat impression. To seek out our extra, go to: www.threesixtysolar.com and please watch our video. To remain knowledgeable, please signal as much as obtain information alerts and observe us on Instagram (@threesixtysolar.vsol), Twitter (@ThreeSixtySolar), and Fb (@threesixtysolar.vsol).

Ahead Wanting Data Disclaimer

This letter comprises statements and knowledge that, to the extent that they don’t seem to be historic reality, might represent “forward-looking info” inside the that means of relevant securities laws. Ahead-looking info might embrace monetary and different projections, in addition to statements relating to future plans, goals, or financial efficiency, or the idea underlying any of the foregoing. In some circumstances, forward-looking statements might be recognized by phrases akin to “might”, “would”, “might”, “will”, “probably”, “besides”, “anticipate”, “imagine”, “intend”, “plan”, “forecast”, “mission”, “estimate”, “outlook”, or the unfavorable thereof or different comparable expressions regarding issues that aren’t historic information. Examples of such statements embrace, however will not be restricted to, statements with respect to the disruptive potential of the Firm’s photo voltaic towers, the places through which photo voltaic towers might be put in, and the Firm’s potential to put in photo voltaic towers producing not less than 500 MW of electrical energy over the subsequent 5 years.

Ahead-looking info is predicated on the assumptions, estimates, evaluation, and opinions of administration made in mild of its expertise and its notion of traits, present circumstances and anticipated developments, in addition to different components that administration believes to be related and affordable within the circumstances on the date that such statements are made, however which can show to be incorrect. The fabric components and assumptions used to develop the forward-looking info contained on this information launch embrace, however will not be restricted to, key personnel and certified staff persevering with their involvement with the Firm; the Firm’s potential to safe extra financing on affordable phrases; the aggressive circumstances of the sector through which the Firm operates; and legal guidelines and any amendments thereto relevant to the Firm.

Ahead-looking info entails recognized and unknown dangers, uncertainties and different components which will trigger the precise outcomes, efficiency or achievements of the Firm to vary materially from any future outcomes, efficiency or achievements expressed or implied by the forward-looking info, together with, with out limitation, dangers regarding the long run enterprise plans of the Firm; dangers that the Firm will be unable to retain its key personnel; dangers that the Firm will be unable to safe financing on affordable phrases or in any respect, in addition to all the different dangers as described underneath the heading “Dangers Components” within the Firm’s submitting assertion dated August 3, 2022 filed underneath the Firm’s profile at www.sedar.com. Accordingly, readers shouldn’t place undue reliance on any such forward-looking info. Additional, any forward-looking info speaks solely as of the date on which such assertion is made. New components emerge on occasion, and it’s not potential for the Firm’s administration to foretell all such components and to evaluate upfront the impression of every such issue on the Firm’s enterprise or the extent to which any issue, or mixture of things, might trigger precise outcomes to vary materially from these contained in any forward-looking info. The Firm doesn’t undertake any obligation to replace any forward-looking info to replicate info or occasions after the date on which it’s made or to replicate the prevalence of unanticipated occasions, besides as required by regulation, together with securities legal guidelines.

Neither the Neo Alternate Inc. nor any securities regulatory authority has accepted nor disapproved the contents of this press launch.

CONTACT INFORMATION

Three Sixty Photo voltaic Ltd.Investor RelationsEmail: [email protected] Phone: +1 (778) 383-6743

Gross sales & InquiriesEmail: [email protected] Phone: +1 (877) 684-1972

Leave a Reply