In conjunction with announcing the public offering, the Company is also announcing that it had
$774.9 million of executed contracts and awarded orders (which it defines as orders where it is in the process of documenting a contract but for which a contract has not yet been signed) for tracker systems as of January 31, 2021, of which it
expects to recognize $693.2 million during the 12 months ending December 31, 2021.
About Array Technologies, Inc.
Array Technologies is a leading global technology company providing tracker solutions and services for utility-scale solar energy projects as one of the
worlds largest manufacturers of ground-mounted systems. With efficient installation and terrain flexibility coupled with high reliability, durability, and performance, Array delivers a lower levelized cost of energy. The Companys focus
on innovation, combined with its customer-centric approach, has helped achieve some of the industrys best returns. Array Technologies is headquartered in the United States with offices in Europe, Central America, and Australia.
Forward Looking Statements
This press release contains forward
looking statements, including statements regarding the secondary offering. These statements are not historical facts but rather are based on the Companys current expectations and projections regarding its business, operations and other factors
relating thereto. Words such as may, will, could, would, should, anticipate, predict, potential, continue, expects,
intends, plans, projects, believes, estimates and similar expressions are used to identify these forward looking statements. These statements are only predictions and as such are not
guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual results may differ materially from those in the forward looking statements as a result of a number of factors, including, but not
limited to, those in the Companys registration statement filed with the Securities and Exchange Commission and those described under the caption Risk Factors in the Companys Annual Report on Form 10-K for the year ended December 31, 2020, which are available free of charge on the Securities and Exchange Commissions website at: www.sec.gov.
Media Contact:
James McCusker,
203-585-4750
jmccusker@soleburytrout.com
Investor Relations Contact:
505-437-0010
investors@arraytechinc.com
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