Atlantic Wind & Solar Enters Into Landmark Agreement With Rooftop Solar Developments Inc.

Jun 09, 2021 ·   Company News

Press Release
Source: Atlantic Wind and Solar Inc.
On Friday July 2, 2010

TORONTO--(Marketwire - 07/02/10) - Atlantic Wind & Solar Inc. (Pinksheets:AWSL - News) is pleased to announce it has signed an exclusive agreement with Rooftop Solar Developments Inc. (RSD) to expand the reach of Atlantic's rooftop solar energy program.

The agreement encompasses a new concept in securing rural rooftops in Central and Northern Ontario for Atlantic's utility scale solar energy parks.

Rooftop Solar Development's unique approach to securing FIT contract eligible rooftops entails offering farmers and other agricultural related land owners the opportunity to have barns and other utility related buildings erected on their land at no cost to them. The structures will host Atlantic's high yield, high efficiency solar energy systems.

The land owner will gain a building which is new and free, while Atlantic will gain a building which is purpose built and correctly oriented to host its rooftop energy system -- i.e., a building which is perfect.

The electricity generated from these rooftop energy parks will be sold into the grid under the terms and conditions of the Ontario government's Feed In Tariff program.

Atlantic Wind and Solar will be the ultimate owner and manager of the project and FIT contract and will be responsible for the receipt and disbursement of all revenues.

Atlantic CEO Mr. Pierre Cousin commented: "This agreement is the perfect illustration of our strategy to implement a distribution model based on strong vertical and geographical channels. In multiplying the number of feet on the street both locally and internationally, we are building a growth engine which will help us to achieve our strategic objectives."

Mr. Charles Mazaccato, VP of business Development for Atlantic, also added: "We anticipate a very healthy partnership as the people behind RSD have a long-standing respected history in the Ontario farming community, and we believe that an additional rooftop program of this nature will not only be a win-win situation for all stakeholders involved, but will also greatly assist AWS in reaching its short and long term corporate growth goals."

About Rooftop Solar Developments Inc.:

Rooftop Solar Developments is owned by the McKague family near Teeswater, Ontario, who have been farming in the province for six generations. They stand proud of their heritage, and are committed to excellence. Through strategic alliances and partnerships, the company provides unique innovations which greatly enhance the quality of agricultural production while delivering clean, renewable energy solutions.

For more info please visit: http://www.rooftopsolardevelopments.ca/

AWSL ... Poised for Growth

Through focused management, strategic alliances, and advanced technologies, Atlantic Wind & Solar Inc. is poised for growth at the forefront of the massive global shift towards environmentally friendly, economical Renewable Energy. The Company is working with parties in the Real Estate sector in Ontario to secure rooftop leases suitable for AWSL's photovoltaic (PV) renewable energy systems.

Looking Ahead

As powerful new Renewable Energy incentives, such as friendly tax treatments, grants and generous government feed-in-tariffs, are introduced in the America's and abroad, AWSL plans on fully leveraging its relationships, business model and advanced technologies to capture a significant share of these dynamic emerging markets.

Sales and Marketing Contacts

Property owners and managers with unobstructed commercial rooftops of 30,000 s/f or bigger in the Province of Ontario, Canada, and for which they are interested in possibly leasing to AWSL, are invited to contact Mr. Charles Mazzacato, +1 800 891 1657 ext. 230.

If you are an agricultural land owner in rural Ontario and would like more information regarding having a free utility building erected on your property please contact:

Ron Strome, +1 (888) 392-8656, Email: 

All other Renewable Energy system inquiries are asked to phone +1 416 900-0380 or email 

For further corporate information and/or to subscribe for regular news updates from Atlantic Wind & Solar, please visit: www.atlanticwindandsolar.com

Disclaimer: Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in these communications in making any investment decisions concerning our securities. The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission including the company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements.

Contact:

Investor Relations Contact:
Geneva Bancorp.
Mr. Brent O'Connor
Phone: +1 (416) 900-0380 ext. 223
Email: Email Contact

 


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