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Solar Stock News: UGE (TSXV: UGE) (OTCQB: UGEIF) Reports Fiscal Year 2021 Financial Results

 

Toronto, Ontario - April 28, 2022 (Newsfile Corp.) (Investorideas.com Newswire) UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE"), a leader in the commercial and community solar sector, reports its financial results for the year ended December 31, 2021. UGE reports all amounts in US dollars.

In 2021, UGE continued to grow its business of developing, building, financing, and operating community and commercial solar facilities. The Company expanded significantly in 2021, as highlighted by its growth in projects under development, the scaling of its balance sheet, and the addition of several key employees throughout the year.

Key business and financial highlights for 2021 included:

"In 2021, we focused on significantly scaling UGE to capture a greater share of our fast-growing market," said UGE's CEO, Nick Blitterswyk. "We exceeded our growth targets and are on pace to exceed our 2024 goal of 100MW in operating assets, as well. In 2022 we look forward to further growth and maturation of our projects in development, as our operating portfolio continues to scale."

Full financial results and Management's Discussion and Analysis are posted to SEDAR (www.sedar.com) as well as on the Company's website.

Online Webinar Details

UGE's CEO Nick Blitterswyk and CFO Stephanie Bird will host a webinar to provide further analysis of the financial results and to answer investor questions following the presentation. Interested parties can register for the webinar at:

Date: Thursday April 28, 2022
Time: 11:00am EDT
Register Here

About UGE

UGE develops, owns, and operates commercial and community solar projects in the US and strategic markets abroad. Our distributed energy solutions deliver cheaper, cleaner energy to businesses and consumers with no upfront cost. With over 500MW of global experience, we work daily to power a more sustainable world. Visit us at www.ugei.com.

For more information, contact UGE at:
+1 917 720 5685
investors@ugei.com

Forward-Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the control of the Company. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Forward-looking statements include, but are not limited to, the anticipated use of proceeds, and the receipt of final regulatory approvals, including the approval of the TSX Venture Exchange. The Company assumes no obligation to update forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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