Solar Alliance Signs Agreement for Development of Commercial Solar Projects in Southeast U.S.
VANCOUVER, BC --(Marketwired - June 19, 2017) - Solar Alliance Energy Inc.
('Solar Alliance') or (the 'Company') (TSX VENTURE: SAN) (OTC:
SAENF) is pleased to announce it has signed a Joint Development Agreement ("JDA") with Thompson Machinery Commerce
Corporation. ("Thompson Machinery"), one of the premier Caterpillar dealers in the United States. Founded in Nashville in 1944,
Thompson Machinery is the exclusive Caterpillar dealer for Middle Tennessee, West Tennessee, and North Mississippi. The Thompson
family is also a minority owner of the Nashville Predators NHL hockey team. Solar Alliance will work with Thompson Machinery's
Power Division and a Thompson affiliated company, Aries Solar ("Aries"), to provide commercial solar solutions. Thompson
Machinery and Aries are uniquely situated to also leverage the existing Caterpillar dealer network throughout the Southeastern
U.S. to bring renewable energy solutions to market. In connection with the JDA, Thompson Machinery is also investing US$200,000
in Solar Alliance's previously announced private placement.
"This joint development agreement provides us with access to a new commercial market in the U.S. Southeast and provides
additional geographic diversification," said Chairman and CEO Jason Bak. "Thompson Machinery has deep roots in the Tennessee and
Mississippi business sectors and is committed to seeking solar options for their customers as part of their distributed power
division. Thompson Machinery and Aries are committed to expanding the reach of commercial solar across a broad range of
industries. We are proud that Thompson Machinery chose to work with Solar Alliance to realize their solar goals and we view this
JDA as our gateway into the Southeast."
"Renewable energy is a long-term strategic focus of Thompson and Aries Solar," states De Thompson V, President and CEO at
Thompson Machinery. "Energy demands and technology are evolving quickly. Our goal is to meet those market demands with
affordable, renewable energy options. Investing in solar is one major piece to that puzzle and we are excited to announce the
Solar Alliance agreement."
Solar Alliance will be working closely with Thompson Machinery and Aries to develop detailed proposals and quotes for a
variety of commercial solar projects. Aries is an established turn-key commercial solar energy solution provider with industry
experts that focus on engineering, procurement, and construction needs. Aries is licensed to operate in four Southeast U.S.
states and collectively their professionals have installed 5 megawatts of solar, including several high-profile
installations:
- Aries partner Appalachian Electric Cooperative on January 12, 2017 officially powered on its 1.37 megawatt community solar
installation in New Market, Tennessee. It was the first utility-scale community solar project in the state.
- The Knoxville Zoo took a major step towards sustainability when they worked with Aries to install a 48.02 kW solar
photovoltaic system on the elephant house. This project was more than just installing solar panels on a roof; it was a major
partnership that included the City of Knoxville, who owns the buildings at the zoo.
The JDA with Thompson Machinery is part of Solar Alliance's plan to grow aggressively through acquisitions, strategic
partnerships and organic growth. It follows the previously announced Origination Agreement with Crius Solar, LLC that provides
access to the Northeast U.S. residential solar market and the acquisition of a sales team and residential project pipeline in Los
Angeles. With the signing of this JDA and the recently announced acquisitions and partnerships, Solar Alliance now has the
ability to sell residential and commercial solar projects in California, the Northeast U.S. and the Southeast U.S.
Learn more about Thompson at www.ThompsonCatSolar.com.
Jason Bak, Chairman and CEO
About Solar Alliance Energy Inc. ( www.solaralliance.com )
Solar Alliance is a sales, marketing and development company focused on residential, commercial and industrial solar
installations. Since we were founded in 2003, we have developed wind and solar projects that provide enough electricity to power
150,000 homes. Solar Alliance is committed to an exceptional customer experience, effective marketing campaigns and superior lead
generation in order to drive sales and generate value for shareholders. Our passion is improving life through ingenuity,
simplicity and freedom of choice. We make solar simple and our goal is to install solar on every available rooftop in
America.
Statements in this news release, other than purely historical information, including statements relating to the Company's
future plans and objectives or expected results, constitute Forward-looking statements. The words "would", "will", "expected" and
"estimated" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information
is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of
activity, performance or achievements to be materially different than those expressed or implied by such forward-looking
information. Such factors include, but are not limited to: uncertainties related to the ability to raise sufficient capital,
changes in economic conditions or financial markets, litigation, legislative or other judicial, regulatory and political
competitive developments and technological or operational difficulties. Consequently, actual results may vary materially from
those described in the forward-looking statements.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."