SIRC news HURRY Solar Integrated Roofing Corp. to

New Post Public Reply Private Reply Replies (0) Message Board
metalman123
84
SIRC news HURRY

Solar Integrated Roofing Corp. to Acquire Future Home Power, Expected to Achieve Over $1 Million in Incremental Weekly Sales as Early as June 2021
5:30 am ET May 18, 2021 (Accesswire) Print
Acquisition Brings Strong Lead Generation Capabilities to the SIRC Family of Companies, Capturing 45%+ Gross Margins Across Full Customer Lifecycle

EL CAJON, CA / ACCESSWIRE / May 18, 2021 / Solar Integrated Roofing Corp. (OTC PINK:SIRC), an integrated, single-source solar power and roofing systems installation company, today announced that it has signed a binding Letter of Intent (LOI) to acquire Future Home Power, a solar, roofing and battery storage sales company.

Founded in late 2020 by Jason Newby, San Diego-based Future Home Power specializes in the sales of residential solar panels, roofing as well as battery storage - partnering with local installers to finalize on-site installation. The Company expects the acquisition to be immediately accretive.

Future Home Power generated over $7 million since inception with between 10 and 15 sales representatives - since scaling to 30 with plans to reach 60 sales representatives by the end of May. Management believes that based on historical performance and with the new sales representative additions, Future Home Power can rapidly scale to over $1 million per week in incremental sales with 45%+ gross margins as early as June 2021. The acquisition is expected to act as a major growth driver for other SIRC subsidiaries who can complete the on-site contracting work once the sale is complete, capturing the full lifecycle value of each customer.

"Future Home Power is a true up and comer in the solar and battery storage sales business - with $7 million in revenue since inception and projections an order of magnitude higher for 2021," said David Massey, Chief Executive Officer of Solar Integrated Roofing Corporation. "Jason and his team have quickly earned a strong reputation for providing customers a smooth, simple process for solar panel and battery storage consultation and installation.

"Leveraging a strong industry background as a top producing regional manager with Vivint Smart Home, Jason brings the lead generation skillset and industry experience necessary to drive rapid growth across new geographies. When paired with our robust suite of operating businesses, we believe Future Home Power can act as our business development arm, driving a robust project-flow for our installers working for the SIRC family of companies.

Closing of any potential acquisition is subject to final due diligence, negotiation and execution of a definitive purchase agreement and all necessary approvals. The Company expects the acquisition to be immediately accretive.

About Solar Integrated Roofing Corp.Solar Integrated Roofing Corp. (OTC PINK:SIRC), is an integrated, single-source solar power and roofing systems installation platform company specializing in commercial and residential properties throughout the United States. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more informatio
Scroll down for more posts ▼

Top 10 Most Recent News Articles

DigitalXForce Shakes Up GRC: AI-Infused X-ROC Launch

Updated Category News Views 43

Turning Risk Management on Its Head Well, here's a company not just tinkering around the edges but flipping the script on Governance, Risk, and Compliance (GRC) with their latest rollout: DigitalXForce and its X-ROC. Yeah, it's yet another acronym to juggle, but don't roll your eyes just yet. This AI-driven beast isn't about occasional boardroom reports. No sir, it's a...

Continue Reading
Gildan Activewear Faces Legal Battle Over Alleged Fraud

Updated Category News Views 0

Investor Alert: Gildan's Legal Showdown Alright, here's a twist you didn't see coming—or maybe you did if you've been tracking the ticker tapes like a hawk. Gildan Activewear Inc. (NYSE:GIL) is stuck in the kind of hot water that can scald the bottom line. The Stakes: Racing Towards December 14 Marked on your calendar, December 14, is a date of some significance if...

Continue Reading
Sac-TMT's Phase III Success Shifts Lung Cancer Paradigm

Updated Category News Views 282

A New Era in Lung Cancer Treatment? Sac-TMT, the novel antibody-drug conjugate (ADC), just might be shaking up the non-small cell lung cancer (NSCLC) treatment landscape, and boy, is it making waves. Just when you think you’ve seen it all, here comes sacituzumab tirumotecan (sac-TMT), offering a glimmer of hope for patients whose treatment options have dwindled after...

Continue Reading
Ping An's Bold Green Moves Ahead of APEC 2026

Updated Category News Views 127

Ping An's Pitch for Green: Talking the Talk and Walking the Walk? Well, here's something cooking in Shenzhen at the Ping An Finance Center—an international seminar championing green development initiatives. It's all buzz around Ping An Insurance (HKEX: 2318; SSE: 601318) flexing its green muscle, orchestrating conversations right before APEC 2026. Talk about timing....

Continue Reading
RYBREVANT's Promising Results in HNSCC Treatment

Updated Category News Views 12

Impressive Outcomes for RYBREVANT FASPRO in Head and Neck Cancer Tucked away in the endless cycle of drug trials, a glimmer of hope shines through with new data on RYBREVANT FASPRO in treating head and neck squamous cell carcinoma (HNSCC). This science talk might not rattle the ticker tape directly on NYSE:JNJ, but it has all the makings of a game-changer in the oncology...

Continue Reading
Sinclair Faces Labor Lawsuit for Break-time Violations

Updated Category News Views 0

Sinclair Television Caught in Labor Law Storm When you think of flaring tempers and boardroom brawls, you typically don't think of your everyday TV station. But right now, Sinclair Television of California, LLC is in the hot seat, accused of playing fast and loose with wage packets—specifically, allegedly denying meal periods and rest breaks that California labor laws...

Continue Reading
Monster Energy Unleashes Gaming Frenzy at Cosm L.A. Event

Updated Category News Views 75

Where Energy Drinks and Digital Reality Collide Monster Energy sure knows how to throw a party, especially when it hinges on something as electrifying as Call of Duty: Modern Warfare 4. Imagine this: Cosm Los Angeles is decked out with a massive 87-foot LED dome, and every gamer, celeb, and influencer ready to dive right in. You can't make this stuff up. They've mashed...

Continue Reading
ST Engineering iDirect, MBSat Forge Middle East Satellite Hub

Updated Category News Views 141

Satellite Services Take Off in the Middle East Never thought the day would come where the Middle East is on the threshold of leapfrogging satellite tech, but here we are. ST Engineering iDirect just locked arms with MBSat—yep, that's part of the Mohammed Al Barwani Group—to birth a next-gen satellite connectivity service hub in Oman and across surrounding areas....

Continue Reading
Axon Body 5: A Leap Forward in AI for Public Safety

Updated Category News Views 336

Axon Raises the Stakes with Body 5 Camera Boy, oh boy, Axon's dropped a bombshell with the Body 5. We're talking a colossal leap into the AI era for public safety, and if you're in the biz, you can't just shrug this one off. We're looking at 25 times the AI processing power compared to Axon's old units. That's right, I said twenty-five. Real-time situational awareness in...

Continue Reading
ASTS Faces Crucial Deadline Amidst Legal Turmoil

Updated Category News Views 208

Ah, the ticking clock in the world of stock investments, where a nifty little thing called a class action lawsuit can flip your investment on its head. Right now, AST SpaceMobile (NASDAQ: ASTS) investors are staring down the barrel of one such lawsuit. With the November 13, 2026, deadline looming, it's time to sort the facts from the muck. Pins and Needles for ASTS...

Continue Reading

Top 5 Most Recently Viewed Articles

Dispensary of Hope Secures NABP Reaccreditation for Three Years

Updated Category News Views 117

Dispensary of Hope Achieves Recognition from NABP Recently, Dispensary of Hope reached a significant milestone by earning reaccreditation from the National Association of Boards of Pharmacy (NABP) for another three-year term. This recognition highlights their commitment to maintaining high compliance standards, ultimately ensuring that vulnerable patients have access to...

Continue Reading
Huhtamaki's New Leadership: Sara Engber Steps Up as President

Updated Category News Views 211

Huhtamaki Appoints Sara Engber as President of Fiber Packaging Sara Engber, an accomplished leader in sustainable packaging solutions, has been appointed as the President of Fiber Packaging at Huhtamaki. This strategic move aligns with Huhtamaki's commitment to enhancing its packaging offerings and reflects the company's dedication to sustainability. A New Direction for...

Continue Reading
Cathie Wood's Ark Invest Takes Bold Steps in Tech Market

Updated Category News Views 218

Ark Invest's Strategic Moves in Technology Cathie Wood, the visionary behind Ark Invest, has made some significant trades that signal a robust strategy within the technology sector. These moves come during a time when the market is witnessing fluctuation due to developments in AI technologies and rapidly changing dynamics in semiconductor manufacturing. The Meta Platforms...

Continue Reading
Investigation for Investors of Quanex Building Products: Act Now

Updated Category News Views 188

Understanding the Investigation into Quanex Building Products Corporation The Law Offices of Howard G. Smith have initiated an investigation focused on the potential violations of federal securities laws by Quanex Building Products Corporation. This inquiry was prompted by significant concerns regarding financial disclosures and operational issues that may have adversely...

Continue Reading
Sprinklr Investors Urged to Take Action Amid Class Action Lawsuit

Updated Category News Views 72

Sprinklr Investors Advised on Class Action Lawsuit Developments In recent news, investors of Sprinklr, Inc. are urged to pay attention to a significant class action lawsuit impacting the company. Those who have sustained losses exceeding $100,000 while purchasing shares of Sprinklr are reminded to submit their lead plaintiff applications as soon as possible. The deadline...

Continue Reading