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Solar Integrated Roofing Signs Agreement with Applicant of $500,000,000 USTDA Grant, Solectrac, Inc., to Supply Solar Panels and Related Equipment and Installation
Solar Integrated Roofing Signs Agreement with Applicant of $500,000,000 USTDA Grant, Solectrac, Inc., to Supply Solar Panels and Related Equipment and Installation.
About this update from Solar Integrated Roofing Corporation
[{"type":"text","content":"Agreement includes supplying new and existing Solectrac clients and grant projectsEL CAJON, CA / ACCESSWIRE / December 8, 2020 / Solar Integrated Roofing Corp. (OTCPINK:SIRC), an integrated, single-source solar power, HVAC and roofing systems installation company, today announces the signing of an agreement with Solectrac, Inc, an electric tractor developer and manufacturer located in Northern California and an applicant for a $500,000,000 USTDA grant.Solar Integrated Roofing will provide solar panels, electric storage, and other power devices along with installation services to Solectrac's existing customers and grant projects where applicable. This agreement also includes future clients' customers and grants.The $75B global agricultural tractor market is largely supplied by diesel-powered equipment. The continual global demand to reduce pollution with sustainable electric vehicles has propelled the electric-powered tractor market to the forefront of agricultural development, efficiency, and sales. Solectrac already has a 30 HP-equivalent compact electric tractor (CET) and a 40 HP-equivalent eUtility in the largest segment, the under 40 HP category, and is developing a 70 HP-equivalent utility model and a 40 HP row crop model, further expanding their market opportunities."The growth in the global agricultural market for alternatively powered tractors is growing exponentially as can be seen just by the increased interest in our products. Signing an agreement with Solar Integrated Roofing provides us with a sustainable, efficient, and off-grid electrical system to power our tractors. We'll now be able to supply complete systems across the globe, regardless of the power grid connectivity or lack thereof, while reducing the equipment costs for our clients,'' commented Steve Heckeroth, CEO of Solectrac, Inc."Our highly developed, near turnkey level, product and services are perfectly suited for expansion into the agricultural equipment market and brings new opportunities for us to rapidly move into the under-served rural farming communities throughout the U.S. Solectrac has shown top of the line sustainable equipment with reduced downtime, maintenance, and fuel costs. Melding our solar technology with Solectrac's farming equipment will bring significant growth and benefit to this multi-billion-dolla...