SPI Energy Co., Ltd. Signs a Letter of Intent with ENTRADE Energiesysteme AG
31 March 2017 - 11:30PM
SPI Energy Co., Ltd. (“SPI Energy” or the “Company”) (NASDAQ:SPI),
a global clean energy market place for business, residential,
government and utility customers and investors, today announced
that its wholly owned subsidiary, SPI Solar Japan GK ("SPI Japan")
has signed a Letter of Intent (“LOI”) with ENTRADE Energiesysteme
AG – The Clean Energy Company (“ENTRADE”) (NASDAQ Private
Market: ENTR86), based in Düsseldorf, Germany. The LOI signed with
ENTRADE allows SPI Japan to expand business opportunities in
biomass energy power products and services.
“SPI is constantly looking for innovating
business opportunities to expand our market share and
profitability. We are very pleased to work with valuable partners
like ENTRADE who is focusing on Green Power,” said Xiaofeng Peng,
Chairman and Chief Executive Officer of SPI Energy. “We will also
consider to extend our cooperation of Green Power in other markets
which we are operating such as Hawaii and other emerging
markets.”
“Our technology provides clean and cheap power,
heating and cooling onsite,” says Julien Uhlig, the CEO of ENTRADE.
“As a global leader in small-scale biomass power plants, we look
forward to working with SPI, especially in Japan, but also in
Puerto Rico and other markets. There is huge market potential in
those markets.”
About SPI Energy Co., Ltd.
SPI Energy Co., Ltd. is a global provider of
photovoltaic (PV) solutions for business, residential, government
and utility customers and investors. SPI Energy focuses on the
downstream PV market including the development, financing,
installation, operation and sale of utility-scale and residential
solar power projects in China, Japan, Europe and North America. The
Company operates an innovative online energy e-commerce and
investment platform, www.solarbao.com, which enables individual and
institutional investors to purchase innovative PV-based investment
and other products; as well as www.solartao.com, a B2B e-commerce
platform offering a range of PV products for both upstream and
downstream suppliers and customers. The Company has its operating
headquarters in Hong Kong and maintains global operations in Asia,
Europe, North America and Australia.
About ENTRADE Energiesysteme AG
The ENTRADE group designs and manufactures
innovative biomass energy power plants generating electricity,
heating, and cooling. Our products range from small turnkey
solutions to complex industrial facilities. ENTRADE manages its own
project construction, operation, and maintenance of
equipment.
Founded in 2009 in Duesseldorf, Germany, the
ENTRADE Energiesysteme AG has been named one of the fastest growing
renewable energy companies in Germany. Since 2015 ENTRADE is part
of NASDAQ Private Market (ENTR86). The ENTRADE Energy Corp. is
portfolio company of the Los Angeles Cleantech Incubator and the
connection to the US Market.
Safe Harbor Statement
This release contains certain “forward-looking
statements.” These statements are forward-looking in nature and
subject to risks and uncertainties that may cause actual results to
differ materially. All forward-looking statements included in this
release are based upon information available to the Company as of
the date of this release, which may change, and the Company
undertakes no obligation to update or revise any forward-looking
statements, except as may be required under applicable securities
law.
For additional information, please visit:
www.spisolar.com, www.solarbao.com or www.solartao.com.
For investors and media inquiries please contact:
Investor Relations Department
SPI Energy Co., Ltd.
pearl.peng@spisolar.com
+852 22916057
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