ARRAY Technologies Introduces Reusable Packaging Option
11 September 2024 - 6:05AM
ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a
global leader in utility-scale solar tracking, today announced the
launch of a groundbreaking reusable packaging solution designed to
replace traditional cardboard boxes with durable, reusable plastic
casing. This innovative packaging is set to significantly reduce
waste and contribute to the sustainability goals of ARRAY’s
customers.
The new reusable bulk packaging is designed to maximize
efficiency, allowing for the transportation of more tracker
components per bulk compared to traditional cardboard packaging.
This improvement allows more material to be shipped in each pallet,
reducing the total number of trucks required on-site and decreasing
the overall labor associated with material handling, receiving, and
transportation. With a lifespan of 15 years, the reusable packaging
seamlessly moves between the finished goods supplier, customer
sites, and third-party logistics (3PL) warehouses as needed,
streamlining the entire supply chain and enhancing its eco-friendly
impact.
“It is critical for the renewable energy sector to lead the way
in promoting and implementing reusable options that reduce waste
and create a healthier environment,” said Kevin G. Hostetler, chief
executive officer at ARRAY. “ARRAY’s business model inherently
revolves around making the world more sustainable, and part of
being renewable means embracing reusable. We’re eager to begin
working with our customers to introduce new packaging and help make
the supply chain for solar products as environmentally friendly and
cost-effective as the energy source itself.”
Reusable packaging is already proving its significant value on
solar project sites. After deploying this concept on a recent
project, ARRAY’s customers have shown strong interest in
implementing it for future installations, recognizing the potential
for cost savings and sustainability benefits. This initiative
aligns with ARRAY’s ongoing commitment to reducing its
environmental impact and promoting sustainable practices within the
renewable energy sector.
ARRAY continues to set industry standards, not only through its
innovative solar tracking solutions but also by ensuring that its
operations and products are as sustainable as the energy they help
generate. The company is actively looking to pilot this initiative
with additional customers to further analyze the potential savings
and environmental impacts, reinforcing our commitment to
sustainability across the solar industry.
About ARRAYARRAY Technologies (NASDAQ: ARRY) is
a leading global renewable energy company and provider of
utility-scale solar tracking 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 StatementsThis 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.
Forward-looking statements should be evaluated together with the
risks and uncertainties that affect our business and operations,
particularly those described in more detail in the Company’s most
recent Annual Report on Form 10-K and other documents on file with
the SEC, each of which can be found on our website
www.arraytechinc.com. Except as required by law, we assume no
obligation to update these forward-looking statements, or to update
the reasons actual results could differ materially from those
anticipated in these forward-looking statements, even if new
information becomes available in the future.
Media Contact ARRAY
TechnologiesNicole
Stewart 505-589-8257 nicole.stewart@arraytechinc.com
Investor Relations ContactARRAY
TechnologiesInvestor
Relations investors@arraytechinc.com
Array Technologies (NASDAQ:ARRY)
Historical Stock Chart
From Aug 2024 to Sep 2024
Array Technologies (NASDAQ:ARRY)
Historical Stock Chart
From Sep 2023 to Sep 2024