Array Technologies and Lock Joint Tube Collaborate on New Steel Tube Mill in Texas
20 July 2023 - 10:30PM
Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a
leading provider of tracker solutions and services for
utility-scale solar energy projects, entered into an agreement with
Lock Joint Tube, a manufacturer of mechanical and structural-grade
steel tubing, to secure supply from a new steel mill in Texas
dedicated to manufacturing utility-scale solar tubing.
Located in Temple, Texas, where Lock Joint Tube has established
operations, the new mill will use locally sourced steel in the
production of solar tubing in response to domestic content
requirements in the Inflation Reduction Act (IRA). The
collaboration between the two companies will create new
manufacturing jobs and use automation technology for optimal
efficiency in production.
“Lock Joint Tube’s newest mill will provide Array with domestic
tubing under the IRA, which our customers are demanding in this
high-growth market for utility-scale solar,” said Kevin Hostetler,
Chief Executive Officer at Array Technologies. “This investment in
American manufacturing will provide jobs aligned with the renewable
energy market to the local community, boost the integrity of the
domestic solar supply chain, and support Array’s continued
expansion in the U.S., including in Texas and throughout the
central U.S.”
Lock Joint Tube is a top supplier of steel tubing for solar
panels and also provides torque tubing for tracker systems or solar
tracker tube. Partnering with established steel suppliers around
the globe enables Array to secure high-quality products on a
regional basis to our customers and mitigate supply chain
challenges.
“Our collaboration with Array Technologies advances our market
leadership in serving the evolving needs of the U.S. solar power
and solar manufacturing sectors,” said Kevin Marks, President at
Lock Joint Tube. “By utilizing domestically sourced steel, Lock
Joint Tube enables our customers to maximize domestic steel
content, which has become essential to the expansion of clean,
renewable energy throughout the country underpinned by a growing
U.S.-based supply chain.”
A ribbon cutting for the facility was held on June 28 in Temple,
TX. Lock Joint Tube also produces tubing for Array at a steel
torque tube mill in South Bend, Indiana.
About Array TechnologiesArray Technologies
(NASDAQ: ARRY) is a leading American company and global provider of
utility-scale solar tracker technology. Engineered to withstand the
harshest conditions on the planet, Array’s high-quality solar
trackers and sophisticated software maximize energy production,
accelerating the adoption of cost-effective and sustainable energy.
Founded and headquartered in the United States, Array relies on its
diversified global supply chain and customer-centric approach to
deliver, commission and support solar energy developments around
the world, lighting the way to a brighter, smarter future for clean
energy. For more news and information on Array, please visit
arraytechinc.com.
Forward-Looking Statements
This press release contains forward-looking statements. These
statements are not historical facts but rather are based on the
Company’s 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.
Media Contact: Steve BreckenH+K
Strategies832-285-4620Steve.Brecken@hkstrategies.com
Investor Relations Contact: Array Technologies,
Inc. Investor Relations 505-437-0010 investors@arraytechinc.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/cb8c487b-7baf-487c-8408-e65018395004.
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