Call 800 665 0411 to learn about our services for your stock

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS

Share on StockTwits

Clean Energy Stock News: Solar Integrated Roofing (OTC: $SIRC) Reports LOI to Acquire HVAC Solutions Provider @SIRCStock


EL CAJON, Calif. - November 11, 2020 ( Newswire) Breaking renewable energy stock news from Newswire and - Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single-source solar power and roofing systems installation company, announced today that it has signed a non-binding Letter of Intent (LOI) to acquire a California-based provider of Heating, Ventilation, and Air Conditioning (HVAC) solutions to residential and commercial properties.

The target company is a leader in HVAC installation in California with over 15 years of experience. The company has an extensive new product line including an Ultraviolet (UV) lighting system that can be installed within heating and cooling systems, sanitizing air as it passes through the filter system. The system is expected to kill certain airborne pathogens that transmit illnesses, such as COVID-19.

"This company is an example of the type of strategic, accretive acquisitions we will continue to pursue - leveraging our expertise and infrastructure to achieve profit growth through our integrated platform," said David Massey, Chief Executive Officer of Solar Integrated Roofing Corporation. "We view this potential acquisition as an effective way to increase penetration in our existing markets - as most of our solar clients purchase air-conditioning systems at the same time as solar and roofing - making this is a natural fit and is highly complementary to our existing business. The Company generated over $3 million in revenue in FY2019 and cross-selling opportunities presented by this potential acquisition alone could potentially increase our revenue run-rate by 25%.

"We are particularly excited by the target's product mix, including a timely and effective UV lighting system to purify air in homes and businesses - an important consideration in the age of COVID-19. I look forward to working with the target company to close the acquisition in the near-term," concluded Massey.

Closing of the acquisition is subject to final due diligence, negotiation and execution of a definitive purchase agreement and all necessary approvals.

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corporation (OTC: SIRC), is an integrated, single-source solar power and roofing systems installation company specializing in commercial and residential properties in the Southern California market. For more information, please visit the Company's website at

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

Investor Relations Contact:

Lucas A. Zimmerman

Senior Vice President

MZ North America

Main: 949-259-4987

Paid News -Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure : this news release featuring SIRC is a paid for news release on More disclaimer info: Learn more about publishing your news release and our other news services on the newswire and

Please read privacy policy:

About and

Sign up for free stock news alerts at

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood, Acorn, Stash and others. investing ideas in renewable energy stocks

Like Renewable Energy Stocks? View our Renewable Energy Stocks Directory

Get News Alerts on Renewable Energy Stocks

Buy a renewable energy guest post on