The offering will begin with the launch of a pilot program, with installations expected to start in the first quarter of 2024.
Following the pilot program, the
'The launch of this pilot program is an important first step in introducing our new and innovative solutions for the renewable energy space,' stated
REPM has been at the forefront of the solar energy revolution, developing numerous residential, commercial, industrial and community solar projects. REPM and its partners have installed more than 1,000 systems across 16 states, representing a total of 2 gigawatts of solar power. REPM's current deployment pipeline includes more than 50 megawatts of solar projects in development.
'REPM strives to provide our customers with the most efficient and environmentally friendly solar power solutions, and we are excited to partner with
To learn more about this new solar energy storage solution, contact REPM at Sales@REPMCorp.com.
About REPM Solar
Founded in 2020, REPM Solar develops projects for residential, commercial, industrial and community solar. The company is also developing some innovative technologies for the solar market and has filed its first patent. More information about the company can be found at www.repmcorp.com.
About
The company's lithium batteries feature half the weight of standard lead-acid batteries while delivering three times the power and ten times the number of charging cycles.
The company is headquartered in
Forward-Looking Statements and Safe Harbor Notice
All statements other than statements of historical facts included in this press release are 'forward-looking statements' (as defined in the Private Securities Litigation Reform Act of 1995). Examples of such forward-looking statements include statements regarding the success and outcome of our partnership with REPM; the administration, timing, scope, and success of our pilot program; our expectations and timing regarding the development of a new home energy storage solution; our business strategies and plans; our growth opportunities and competitive position; forecasts regarding the battery energy storage market, and those statements that use forward-looking words such as 'expect,' 'plan,' 'hope,' 'project,' 'possibility' and 'anticipate,' or similar expressions. Because forward-looking statements relate to the future, such forward-looking statements involve significant risks, uncertainties, and assumptions that are difficult to predict and many of which are outside our control. Actual results could differ materially from those indicated in the forward-looking statements. Factors that could cause such differences include, among others, the competitive nature of our industry and the pricing pressures that we face, our history of losses and increasing costs, our ability to continue as a going concern, our dependency on the needs and success of our customers and our substantial customer concentration, any inability to successfully manage our growth, our ability to expand our sales and distribution channels, our ability to expand into international markets, the limited number of ports through which our raw materials enter the United Sates and our reliance on third parties to store and ship certain inventory, uncertainty in the global economic condition, any government reviews, inquiries, investigations and other actions, changes in the cost and availability of raw materials, our dependency on third-party manufacturers and suppliers and increases in the cost or disruption of supply or shortages in any of our raw materials, battery components or raw materials used in the production of such parts, our dependency on our two warehouse facilities, the risk that lithium-ion battery cells may catch fire or release smoke and flame, potential product liability claims, risks related to litigation, tax, environmental and other legal compliance, any failure to introduce new products and product enhancements and market acceptance of new technologies introduced by our competitors, any failure by us to adequately protect our intellectual property or to defend ourselves against intellectual property infringement claims, quality problems with our products, our ability to raise capital, risks related to our electronic data becoming compromised, our dependency on our senior management team and other key employees, any failure to keep pace with developments in technology and those discussed in our filings with the
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