Vancouver, Canada, & Knoxville, Tennessee, March 18, 2020 – Solar Alliance Energy Inc. (‘Solar Alliance’ or the ‘Company’) (TSX-V: SOLR, OTC: SAENF) is providing an operations update from CEO Myke Clark as the global community continues to deal with the COVID-19 outbreak.
“First and foremost, we want to thank the health care professionals and first responders who are working so hard to keep us all safe,” said CEO Myke Clark. “Our thoughts and prayers are with anyone who has been impacted by this virus. At Solar Alliance, we are still working to provide our customers with solar energy systems, battery-based and generator backup systems and energy management solutions. While carrying out this work, the safety of our employees, customers and our community is paramount. We are taking appropriate measures to ensure our staff are safe, which includes working from home where appropriate and communicating daily with our customers. We have restricted all air travel and limited travel within states. We are monitoring information from health authorities on a daily basis and will take further action as required.
Solar Alliance is also closely monitoring the various government assistance programs that will become available in the coming days and weeks. As our operations are based out of the southeast United States, we believe we will be eligible for certain business subsidies and/or loans contemplated by the U.S. federal government, including a proposed $50 billion loan program under the U.S. Small Business Administration. As a Canadian-listed company with staff in Canada as well, we are also exploring support being considered by the Canadian government. During these unprecedented times, it is our responsibility to explore any solutions that ensure our business remains strong during this outbreak. Regardless, we have a plan in place to ensure the continuity of our business and ensure we remain positioned to continue our recent growth. Our team, and our business, is resilient and we are committed to delivering shareholder value even during this challenging period. We are prepared for the challenge.
In conclusion, I would like to highlight the following:
- We are going to remain open for business to make sure our customers receive the services and products that serve their energy needs.
- We still have access to supply chain materials and products necessary to provide customers with the quality product they expect from us.
- We will continue to monitor information from health authorities and take additional action as required to protect staff, customers and our community.
- We will not change our prices to take advantage of COVID-19.
In light of the challenging circumstances in front of us, we need to pull together as an industry and as a shareholder community. We are taking care of our employees and their families and they remain committed to Solar Alliance and our mission of providing energy independence and environmental sustainability.”
Myke Clark, CEO
About Solar Alliance Energy Inc. (www.solaralliance.com)
Solar Alliance is an energy solutions provider focused on residential, commercial and industrial solar installations. The Company operates in California, Tennessee, North/South Carolina and Kentucky and has an expanding pipeline of solar projects. Since it was founded in 2003, the Company has developed $1 billion of wind and solar projects that provide enough electricity to power 150,000 homes. Our passion is improving life through ingenuity, simplicity and freedom of choice. Solar Alliance reduces or eliminates customers’ vulnerability to rising energy costs, offers an environmentally-friendly source of electricity generation, and provides affordable, turnkey clean energy solutions.
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.
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