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iSun’s PALM™ Electric Vehicle Chargers Selected for Wisconsin Charging Installation

Execution of agreement marks iSun’s 4th installation of its branded EV charging unit in 2021 and first placement in the State of Wisconsin.

WILLISTON, Vt.–(BUSINESS WIRE)–iSun, Inc. (NASDAQ: ISUN) (the “Company”, or “iSun”), a leading solar energy and clean mobility infrastructure company with 50-years of construction experience in solar, electrical and data services, and a provisor of proprietary electric vehicle charging platforms, today announced that its iSun’s PALM™ solar-powered EV charging system has been selected by an undisclosed party (‘The Partner’) for a Wisconsin commercial EV charging installation.

HIGHLIGHTS:

The Mobility™ Platform leverages iSun’s experience as one of the largest Solar EPC’s in the US to eliminate barriers to EV adoption. Offered in a grid-tied (PALM™) or stand-alone (ROAM™) configuration that generates and stores its own clean electricity to power electric vehicles (‘EV’s), iSun’s Mobility™ Platform is a highly customizable, modular EV charging solution that can easily be tailored to the needs of any specific project, customer or EV, including Class 8 EV trucks. Equipped with iSun’s proprietary AmpUp™ app and software, iSun Mobility™ Platforms include complimentary support from iSun’s Mobility™ Team, who manage all aspects of the system on the owner’s behalf. The Partner’s configuration accommodates 6 vehicles, and comes equipped with under-canopy LED lighting, 2 EV chargers preloaded with iSun’s proprietary software and comes equipped with the iOS dashboard, enabling complimentary monitoring by iSun’s mobility team. The system is powered by 40 72-cell bi-facial solar modules, and is configured for installation on helical piles, allowing for fast installation and relocation should the need arise.

“Our experience installing and maintaining over 50 EV charging stations gives us a customer-centric view of the challenges associated with EV charging solutions,” commented Jeff Peck, iSun’s Chief Executive Officer. “ROAM™ and PALM™ carports address many of the pain-points often associated with EV charging station ownership, including ease of installation, durability, and ongoing management, maintenance, and support. We’re seeing more interest in Mobility Platforms tailored for class-8 vehicle use, which is promising for the future.”

For more information on purchasing iSun’s Mobility Platform, contact Kyle Kiser at kyle@isunenergy.com.

About iSun, Inc.

Since 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted electrical contractor to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 400 megawatts of solar systems. The Company has provided solar EPC services across residential, commercial & industrial, and utility scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. Please visit www.isunenergy.com for additional information.

Forward Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as “may,” “should,” “expects,” “could,” “intends,” “plans,” “anticipates,” “estimates,” “believes,” “forecasts,” “predicts” or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.

The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.

All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.

IR Contact:
Tyler Barnes
IR@isunenergy.com
802-289-8141

iSun, Inc. Announces Third Quarter 2021 Results Conference Call Date

WILLISTON, Vt.–(BUSINESS WIRE)–iSun, Inc. (NASDAQ: ISUN) (the “Company”, or “iSun”), a leading solar energy and clean mobility infrastructure company with 50-years of construction experience in solar, electrical and data services, today announced that it will issue third quarter 2021 results after the market closes on Monday, November 15, 2021. A conference call will be held on Tuesday, November 16, 2021 at 8:30 AM EST to review the Company’s financial results, discuss recent events and conduct a question-and-answer session.

A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of iSun’s website at investors.isunenergy.com. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download, and install any necessary audio software.

To participate in the live teleconference:
 
Domestic Live:888-506-0062
International Live:973-528-0011
Conference ID:820676
Webcast URL:Click to be directed to the Webcast
  
To listen to a replay of the teleconference, which will be available through November 30, 2021:
  
Domestic Replay:877-481-4010
International Replay:919-882-2331
Conference ID:42507

About iSun, Inc.

Since 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted electrical contractor to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 400 megawatts of solar systems. The Company has provided solar EPC services across residential, commercial & industrial, and utility scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. Please visit www.isunenergy.com for additional information.

Forward Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as “may,” “should,” “expects,” “could,” “intends,” “plans,” “anticipates,” “estimates,” “believes,” “forecasts,” “predicts” or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.

The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.

All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.

IR Contact:
Tyler Barnes
IR@isunenergy.com
802-289-8141

SunCommon Acquisition Delivers on iSun’s Growth Strategy

Represents 100% backlog rowth from 2020 and 600% backlog growth from 2019

WILLISTON, Vt.–(BUSINESS WIRE)–iSun, Inc. (NASDAQ: ISUN) (the “Company”, or “iSun”), a leading solar energy and clean mobility infrastructure company with 50-years of construction experience in solar, electrical and data services, today announced preliminary operating results for the third quarter ending September 30, 2021, of its recently acquired residential and commercial subsidiary, SunCommon.

Highlights:

Residential, commercial and industrial backlog increases to $112.4 million as the acquisition of SunCommon adds $31.7 million to iSun’s existing $80.7 million as of September 30 ,2021. With this addition, iSun’s Commercial and Industrial backlog increases to $90.3 million and is anticipated to be completed over the next twelve to eighteen months, while iSun’s residential backlog of $22.1 million is anticipated to be completed over the next four to six months. Commercial and industrial backlog was $56 million for the same period in 2020 and $16 million for the same period in 2019.

Remarks

“These results perfectly illustrate why SunCommon was an ideal candidate for our accretive M&A growth strategy,” commented Jeff Peck, iSun’s Chief Executive Officer. “SunCommon’s values-led business and marketing capabilities enabled them to grow at a remarkable pace and expand into new geographic markets in a challenging operating environment, all while maintaining some of the lowest customer acquisition costs in the industry. These capabilities, when coupled with the composition of their business, will not only enhance iSun’s operating margins, but also provide a platform we can use to accelerate residential and commercial solar adoption in new markets. We’re proud to have them as a partner.”

About iSun, Inc.

Since 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted electrical contractor to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 400 megawatts of solar systems. The Company has provided solar EPC services across residential, commercial & industrial, and utility scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. Please visit www.isunenergy.com for additional information.

About SunCommon

SunCommon is a market-solution to climate change. Operating in New York’s Hudson Valley and as the market-leading provider of residential, community and commercial solar in Vermont — we believe that everyone has the right to a healthy environment and brighter future – and renewable energy is where it starts. SunCommon is a Certified B Corp based on a rigorous third-party assessment of our commitment to the triple bottom line of people, planet and profit. Our 200 employees are passionate about our values-led business and the positive impact we’re creating. For more information, go to https://suncommon.com or connect with us on Facebook and Twitter @suncommon.

Forward Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of

1995, as amended. Words or phrases such as “may,” “should,” “expects,” “could,” “intends,” “plans,” “anticipates,” “estimates,” “believes,” “forecasts,” “predicts” or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.

The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.

All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.

Contact

IR:
Tyler Barnes
IR@isunenergy.com
802-289-8141

iSun Announces Fourth Quarter and Full-Year 2020 Results Conference Call Date

iSun, Inc. (NASDAQ: ISUN) (“iSun”) a leading solar energy and clean mobility infrastructure innovator with 50 years of construction expertise for solar, electrical and data services, today announced that it will issue fourth quarter and full-year 2020 results after the market closes on Monday, March 15, 2021. A conference call will be held on Tuesday, March 16, 2021 at 8:30 AM ET to review the Company’s financial results, discuss recent events and conduct a question-and-answer session.

A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of iSun’s website at investors.isunenergy.com. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download, and install any necessary audio software.

To participate in the live teleconference:

Domestic Live:
877-407-8133
International Live:
201-689-8040
Event Link:
https://www.webcaster4.com/Webcast/Page/2298/40343

To listen to a replay of the teleconference, which will be available through March 30, 2021:

Domestic Replay:
877-481-4010
International Replay:
919-882-2331
Conference ID:
40343

About iSun, Inc.

Headquartered in Williston, VT, iSun, Inc. (NASDAQ: ISUN) is a business rooted in values of integrity and diversity that align people, innovation and sustainability. Ranked by Solar Power World as one of the leading commercial solar contractors in the Northeastern United States, iSun provides solar energy and clean mobility infrastructure to customers for projects from smart solar mobile phone and electric vehicle charging, up to multi-megawatt renewable energy solutions. iSun’s innovations were recognized this year by the Solar Impulse Foundation of Bertrand Piccard as one the globe’s Top 1000 Sustainability Solutions. As a winner, this award will result in the iSun solution being presented to hundreds of government entities around the world, including various municipal, state and federal agencies in the United States. Since entering the renewable energy market in 2012, iSun has installed over 200 megawatts of rooftop, ground mount and EV carport solar systems (equal to power required for 38,000 homes). We continue to focus on profitable growth opportunities. For more information, visit www.isunenergy.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about (i) iSun’s plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts; and (ii) other statements identified by words such as “expects” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “targets,” “projects,” or words of similar meaning generally intended to identify forward-looking statements. These forward-looking statements are based upon the current beliefs and expectations of the respective management of iSun and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of iSun. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the anticipated results discussed in these forward-looking statements because of possible uncertainties.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210308005878/en/

Contact
Chase Jacobson
IR@isunenergy.com
p: 802-264-2040

iSun Announces the Appointment of Claudia Meer to its Board of Directors

Energy executive with decades of experience in Energy as a Service compliments iSun’s strategic direction of energy services, construction, ownership and operation.

WILLISTON, VT – Business Wire – February 2, 2021

iSun, Inc. (NASDAQ: ISUN) (“iSun”) a leading solar energy, smart city and clean mobility infrastructure innovator with 50 years of construction expertise for solar, electrical and data services, is pleased to announce the appointment of Claudia Meer, experienced energy executive, to its Board of Directors.

Jeffrey Peck, Chairman of the Board and Chief Executive Officer of iSun, commented, “In the context of the execution of our growth plan, including organic sales across all business units, accretive M&A and owning clean energy and mobility assets for recurring revenues, Claudia brings the kind of depth of expertise that we know will help guide us in our next expansion activities. We believe Claudia will positively impact the organization, and we are glad that she accepted our offer to join”, said Mr. Peck.

“I am very pleased to be joining the Board of Directors of iSun at this exciting time in the company’s growth”, said Ms. Meer. “iSun’s long history of success constructing projects and their goal of merging smart mobility and energy and providing turnkey solutions is at the leading edge of where the clean energy industry is headed. I’m looking forward to working with the rest of the board and the executive team, and I thank them for their vote of confidence.”

About iSun, Inc.

Headquartered in Williston, VT, iSun, Inc. (NASDAQ: ISUN) is a business rooted in values that align people, purpose, innovation and sustainability. Ranked by Solar Power World as one of the leading commercial solar contractors in the Northeastern United States, iSun provides energy services, smart city innovations and clean mobility infrastructure to customers for projects from smart solar mobile phone and electric vehicle charging, up to multi-megawatt renewable energy solutions. iSun’s innovations were recognized this year by the Solar Impulse Foundation of Bertrand Piccard as one the globe’s Top 1000 Sustainability Solutions. As a winner, this award will result in the iSun solution being presented to hundreds of government entities around the world, including various municipal, state and federal agencies in the United States. Since entering the renewable energy market in 2012, iSun has installed over 200 megawatts of rooftop, ground mount and EV carport solar systems (equal to power required for 38,000 homes). We continue to focus on profitable growth opportunities. For more information, visit www.isunenergy.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about (i) the benefits of the proposed acquisition, including future financial and operating results, cost savings and synergies, effects on cash flow, market accessibility, financing opportunities, enhancements to revenue and accretion to reported earnings that may be realized from the proposed acquisition; (ii) iSun’s plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts; and (iii) other statements identified by words such as “expects” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “targets,” “projects,” or words of similar meaning generally intended to identify forward-looking statements. These forward-looking statements are based upon the current beliefs and expectations of the respective management of iSun and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of iSun. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the anticipated results discussed in these forward-looking statements because of possible uncertainties.

Investor Relations Contact:
Michael d’Amato
IR@isunenergy.com
p: 802-264-2040

iSun Energy Announces $2.2 Million Contract for Solar EV Charging and Energy Infrastructure with Meriden Housing Authority

SOUTH BURLINGTON, VT.–(BUSINESS WIRE)– iSun, Inc. (NASDAQ: ISUN) (“iSun”) is a leading solar industry innovator and commercial solar contractor providing energy services, smart city innovations and clean mobility infrastructure with solar electric vehicle (EV) charging, ground-mount and rooftop solar energy systems and electrical and data services. Today, iSun announces that it has been selected by competitive bid to provide its innovative solar EV carport, rooftop and ground-mount technologies to the Meriden Housing Authority for two locations in Bristol, CT.

Highlights

Jeffrey Peck, Chief Executive Officer of iSun, commented, “We have been diligently executing our growth plan including organic sales across all business units, accretive M&A and owning assets for recurring revenue. The recent acquisition and name change to iSun contribute to all parts of our plan simultaneously starting with this $2.2 million contract and its recurring revenue stream from the energy-as-a-service component. Consistent with our 50-year history serving the needs of our customers, our Chief Innovation and Experience officer, Sass Peress, worked with Robert Cappelletti at the Meriden Housing Authority to solve for the right combination of technologies to deliver maximum power, parking lot protective shading, and aesthetic benefits to meet their specific needs. iSun’s portfolio of innovative products allows us to reach new customers with aligned goals. We are excited to serve Mr. Cappelletti, a true visionary with his agenda to ‘build back better’ neighborhoods. We expect to complete construction in Spring 2021,” said Mr. Peck.

Robert Cappelletti, Executive Director of Meriden Housing Authority, added, “We are pleased to have developed these projects with iSun. They effectively combined solar energy carports, flexible rooftop solar technologies and electric vehicle infrastructure, to create an enhanced experience for our tenants. Meriden Housing Authority is determined to create smart, renewable energy systems for the housing of our residents, so that all residents are able to access such technologies. We look forward to working on more projects with iSun in the future.”

About iSun, Inc.

Headquartered in South Burlington, VT, iSun, Inc. (NASDAQ: ISUN) is a business rooted in values that align people, purpose, innovation and sustainability. Ranked by Solar Power World as one of the leading commercial solar contractors in the Northeastern United States, iSun provides energy services, smart city innovations and clean mobility infrastructure to customers for projects from smart solar mobile phone and electric vehicle charging, up to multi-megawatt renewable energy solutions. iSun’s innovations were recognized by the Solar Impulse Foundation of Bertrand Piccard as one the globe’s Top 1000 Sustainability Solutions. As a winner, this award will result in the iSun solution being presented to hundreds of government entities around the world, including various municipal, state and federal agencies in the United States. Since entering the renewable energy market in 2012, iSun has installed over 200 megawatts of rooftop, ground mount and EV carport solar systems (equal to power required for 38,000 homes). We continue to focus on profitable growth opportunities. For more information, visit www.isunenergy.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about (i) the benefits of the proposed acquisition, including future financial and operating results, cost savings and synergies, effects on cash flow, market accessibility, financing opportunities, enhancements to revenue and accretion to reported earnings that may be realized from the proposed acquisition; (ii) iSun’s plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts; and (iii) other statements identified by words such as “expects” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “targets,” “projects,” or words of similar meaning generally intended to identify forward-looking statements. These forward-looking statements are based upon the current beliefs and expectations of the respective management of iSun and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of iSun. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the anticipated results discussed in these forward-looking statements because of possible uncertainties.

Contact

Sass Peress
sass@isunenergy.com
P: 514-909-5047
NASDAQ:ISUN

The Peck Company Holdings, Inc. Closes Acquisition of iSun Energy LLC, Changes Name to iSun, Inc. and Ticker Symbol to ISUN

SOUTH BURLINGTON, VT.–(BUSINESS WIRE)– iSun, Inc. (NASDAQ:ISUN) ( “iSun”), formerly The Peck Company Holdings, Inc. (“Peck”), a leading commercial solar engineering, procurement and construction (“EPC”) company and iSun Energy LLC (“iSun”), a provider of innovative solar power, electric mobility and smart city solutions for government, commercial, retail, academic and data-center projects, today announced that they have closed on the acquisition of iSun Energy LLC, announced on January 5th, 2021.

Merger Rationale

iSun (formerly Peck) established a dominant position over the past 50 years as a leading electrical and data contractor, as well as the largest solar EPC (engineering, procurement and construction) in Vermont, focused on high-quality commercial, industrial and small-utility scale solar projects. It has constructed over 200 megawatts of solar projects to date (enough to power 38,000 homes). Despite COVID-related challenges last year, there were no project cancellations. Peck has been executing a disciplined growth plan since becoming a public company in June 2019, and an accretive merger & acquisition strategy has been a top priority. Acquiring iSun and the iSun® Brand and its innovations is consistent with the Company’s evolution toward serving its customers as a full-service energy solutions provider. Furthermore, adding higher margin products and energy services will have a positive impact on typical solar EPC margins. Combining a profitable EPC business for solar, electrical and data contracting with award-winning products and platforms that are modular, scalable and connected is a powerful combination that differentiates the Company from other solar or EV (electric vehicle) charging companies.

Highlights

iSun® Brand Products

The flagship iSun Energy & Mobility Hub is the result of 30 years of passion, dedication, and innovation through sustainability. The iSun solar EV carport charging systems incorporate solar panels to charge electric vehicles while providing unparalleled software insights into data surrounding the energy produced, consumed, air quality effects and other key metrics. The iSun Oasis Smart Solar Bench is expected to be an integral part in developing smart cities and campuses and has the ability to charge any mobile device through integrated solar panels that collect and store energy throughout the day. iSun’s accompanying data platform allows for monitoring and analysis of key metrics through built in IoT (Internet of Things) sensors. The platform also affords both physical and digital advertising and branding, for additional recurring revenue opportunities. iSun’s Augmented Reality 3D software platform helps clients visualize their projects before they are built, making it easy for our clients to adopt sustainable solutions and to understand their impact on sustainability.

Management Commentary

Jeffrey Peck, Chairman of the Board and Chief Executive Officer of iSun, commented, “The acquisition of iSun Energy LLC and name change of Peck to iSun, Inc., came to a swift closing due to great coordination and aligned interests. Our teams are already collaborating together on a number of new opportunities that have become available to us since our announcements. We appreciate the diligent approach to the process by Sass Peress and team, and welcome them to the family. As our new Chief Innovation and Experience Officer, Sass has been empowered to deliver innovative solar energy, electric vehicle infrastructure, and smart city technologies that we intend to incorporate into our basket of goods shortly. The importance of sustainability is a growing metric for governments, organizations and corporations around the world. In order for a growing audience to learn more about the good we do, the iSunOS platform will report on the total carbon reduced by our combined solar ground mount, rooftop, carport and other clean energy or mobility products. Sass will also contribute his experience in Investor Relations, Marketing and Business Development to our new growth opportunities. We welcome Sass to our executive team and look forward to many years of partnership.”

Sass Peress, Founder of iSun Energy LLC, added, “Executing this swift closing would not have happened without the tremendous work by our combined teams. We are grateful for the opportunity to be a part of such a great company and will focus ourselves on the delivery of enhanced experiences for our customers, shareholders and other stakeholders, so that the iSun® Brand continues its leadership in sustainability. Having first coined the iSun brand in 1999, and now having it on the NASDAQ exchange as a ticker symbol, is something I could have never dreamed of. We will now take the brand and our company to heights that aim to engage, inspire and elevate. Novel technologies in development, alone or in partnership, will provide enhanced revenue opportunities, while the existing business delivers great execution and contribution to financial performance.”

iSun’s innovations were recognized this year by the Solar Impulse Foundation of Bertrand Piccard as one the globe’s Top 1000 Sustainability Solutions. As a winner, this award will result in the iSun solution being presented to hundreds of government entities around the world, including various municipal, state and federal agencies in the United States.

About iSun, Inc.

Headquartered in South Burlington, VT, iSun, Inc. (NASDAQ: ISUN) is a business rooted in values that align people, purpose, innovation and sustainability. Ranked by Solar Power World as one of the leading commercial solar contractors in the Northeastern United States, iSun provides energy services, smart city innovations and clean mobility infrastructure to customers for projects from smart solar mobile phone and electric vehicle charging, up to multi-megawatt renewable energy solutions. Since entering the renewable energy market in 2012, iSun has installed over 200 megawatts of rooftop, ground mount and EV carport solar systems (equal to power required for 38,000 homes). We continue to focus on profitable growth opportunities. For more information, visit www.isunenergy.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about (i) the benefits of the proposed acquisition, including future financial and operating results, cost savings and synergies, effects on cash flow, market accessibility, financing opportunities, enhancements to revenue and accretion to reported earnings that may be realized from the proposed acquisition; (ii) iSun’s plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts; and (iii) other statements identified by words such as “expects” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “targets,” “projects,” or words of similar meaning generally intended to identify forward-looking statements. These forward-looking statements are based upon the current beliefs and expectations of the respective management of iSun and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of iSun. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the anticipated results discussed in these forward-looking statements because of possible uncertainties.

(1) https://www.nasdaq.com/videos/tradetalks%3A-2021outlook-and-trends-in-the-solar-space

Investor Contact:
Michael d’Amato
IR@isunenergy.com
p: 802-264-2040

The Peck Company Holdings, Inc. Announces $10.5 Million Registered Direct Offering Priced At-the-market Under Nasdaq Rules

Establishing a solid foundation to execute the long-term growth plan.

SOUTH BURLINGTON, Vt.–(BUSINESS WIRE)–The Peck Company Holdings, Inc. (Nasdaq: PECK) (Peck or the “Company”) today announced it has entered into securities purchase agreements with institutional investors for the purchase and sale of 840,000 shares of its common stock at a purchase price of $12.50 per share in a registered direct offering priced at-the-market under Nasdaq rules. The closing of the offering is expected to occur on or about January 12, 2021, subject to the satisfaction of customary closing conditions.

Jeffrey Peck, Chairman of the Board and CEO, commented, “We have been serving our customers for nearly 50 years, and entering the public market in 2019 was part of our long-term growth strategy. We have grown revenue for our EPC business, established a green bond partnership to finance developmental projects to support our recurring revenue, and now we are about to re-brand as “iSun Energy” and launch innovative products in the electric vehicle and other markets. We have been disciplined in the management of our balance sheet and feel this opportunity will support our strategic initiatives while increasing overall shareholder value.”

A.G.P./Alliance Global Partners is acting as sole placement agent for the offering.

This offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333- 251154) previously filed with the U.S. Securities and Exchange Commission (the “SEC”). A prospectus supplement describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Electronic copies of the prospectus supplement may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com. Before investing in this offering, interested parties should read in their entirety the prospectus supplement and the accompanying prospectus and the other documents that the Company has filed with the SEC that are incorporated by reference in such prospectus supplement and the accompanying prospectus, which provide more information about the Company and such offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Peck

Headquartered in South Burlington, VT, The Peck Company Holdings, Inc. is a 2nd-generation family business founded in 1972 and rooted in values that align people, purpose, and profitability. Ranked by Solar Power World as one of the leading commercial solar contractors in the Northeastern United States, the Company provides EPC services to solar energy customers for projects ranging in size from several kilowatts for residential properties to multi-megawatt systems for large commercial and utility scale projects. The Company has installed over 200 megawatts worth of solar systems since it started installing solar in 2012 and continues its focus on profitable growth opportunities. Please visit www.peckcompany.com for additional information.

Forward Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as “may,” “should,” “expects,” “could,” “intends,” “plans,” “anticipates,” “estimates,” “believes,” “forecasts,” “predicts” or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.

The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.

All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.

Contact:

Michael d’Amato
IR@peckcompany.com
Phone: 802-264-2040

The Peck Company Holdings to Acquire iSun Energy LLC, Award-Winning Solar-Powered Electric Vehicle Infrastructure Provider and Clean Energy Product Innovator

Accretive acquisition with $2M near-term revenue commitments, 30-40% project gross margin and a software platform for recurring energy service revenues.

SOUTH BURLINGTON, VT – Business Wire – January 5, 2021.
The Peck Company Holdings, Inc. (NASDAQ: PECK) (“Peck”), a leading commercial solar engineering, procurement and construction (“EPC”) company and iSun Energy LLC. (“iSun”), a provider of innovative solar power, electric mobility and smart city solutions for government, commercial, retail, academic and data-center projects, today announced that they have entered into a binding term sheet under which Peck will acquire iSun in an all-stock transaction. Mr. Peress will become Chief Innovation and Experience Officer.

Acquisition Rationale

Peck established a dominant position over the past 50 years as a leading electrical and data contractor, as well as the largest solar EPC in Vermont, focused on high-quality commercial, industrial and small-utility scale solar projects. Despite COVID related challenges last year, there were no project cancellations, and the last reported pipeline was $56M, with no anticipated overhead additions required to execute the existing pipeline. Peck has been executing a disciplined growth plan since becoming a public company in June 2019, and accretive M&A has been a top priority. Acquiring the iSun® Brand and its innovations is consistent with Peck’s evolution toward serving our customers as a full-service energy solutions provider. Furthermore, adding the higher margin products and energy services will have a positive impact on typical solar EPC margins. Combining Peck’s profitable EPC business for solar, data and electrical contracting with award-winning products and platforms that are modular, scalable and connected is a powerful combination that differentiates the company from other solar EV charging companies.

Highlights

iSun® Brand Products

The flagship iSun Energy & Mobility Hub is the result of 30 years of passion, dedication, and innovation through sustainability. The iSun solar EV carport charging systems incorporate solar panels to charge electric vehicles while providing unparalleled software insights into data surrounding the energy produced, consumed, air quality effects and other key metrics. The iSun Oasis Smart Solar Bench is expected to be an integral part in developing smart cities and campuses and has the ability to charge any mobile device through integrated solar panels that collect and store energy throughout the day. iSun’s accompanying data platform allows for monitoring and analysis of key metrics through built in iOT (Internet of Things) sensors. The platform also affords both physical and digital advertising and branding, for additional recurring revenue opportunities. iSun’s Augmented Reality 3D software platform helps clients visualize their projects before they are built, making it easy for our clients to adopt sustainable solutions and to understand their impact on sustainability.

Management Commentary

Jeffrey Peck, Chairman of the Board and Chief Executive Officer of Peck, commented, “The acquisition of iSun Energy with its strong brand and innovative products is transformational for Peck. Consistent with our full-service approach to customers, we are having more conversations about Energy as a Service as we reach new customers in the fast-growing clean energy, smart-city and mobility industry. More customers want to experience the benefits of the clean energy, and we want to provide them that service by owning and managing the assets. We expect the new relationships we build will be a catalyst for the company’s rapid growth. As we re-brand to iSun Energy and expand into new markets with higher-margin products, we are dedicated to profitable growth for our shareholders and to high-quality service that our customers expect. Our incredible team and the services we currently provide through Peck Solar, Peck Data, and Peck Electric remain a strong platform to support our growth and will be leveraged in the new markets we will serve. We are also pleased to welcome Sass Peress as Chief Innovation and Experience Officer. He has been an innovator in our industry since 1988 when he founded a solar energy company that sold some of the first solar charging products in the world, and then moved into electric vehicle charging technology in 2010. He will help us communicate our new offerings through the iSun® Brand and will lead new business development, marketing and technology initiatives across mobility, smart city, and other markets.”

Sass Peress, Founder and Chief Executive Officer of iSun Energy LLC, added, “We create innovative products to serve important unmet needs in the industry, and joining with Peck assures that we will be able to deliver on the promises to a much wider audience, in manners more efficient and effective than ever before. Designing and integrating with today’s complex energy systems requires an ecosystem approach to assure grid resilience. Technologies such as Vehicle to Grid, internet of things (IoT) connectivity, stationary storage, and more are becoming central to satisfying smart grid and off-grid opportunities of the future.” “Our ‘Triple ROI’ approach (investment, intention, impact) is important to satisfy various stakeholders, and our ability to custom-tailor assets for sites means that we can now truly create unique experiences for clients, while delivering higher margins to our combined bottom line. We are proud to be joining Peck given the strength of their precision execution combined with our innovations are perfectly synergistic”, added Peress.

As the new administration, Armed Forces, municipalities, and corporate entities increase support for renewable energy infrastructure and electrify their vehicle fleets, iSun’s customized approach will allow for tailoring of technologies that are easily deployable, scalable, robust and intelligent. The AI (artificial intelligence) code that iSun has in development will allow for “right-sizing” of energy generation, storage assets, and electric vehicle charging infrastructure, with the goal of improving resiliency for on/off-grid applications.

iSun’s innovations were recognized this year by the Solar Impulse Foundation of Bertrand Piccard as one of the globe’s Top 1000 Sustainability Solutions. As a winner, this award will result in the iSun solution being presented to hundreds of government entities around the world, including various municipal, state and federal agencies in the United States.
The transaction is expected to close in January 2021, subject to approval by Peck’s Board of Directors.

About The Peck Company Holdings, Inc.

Headquartered in South Burlington, VT, The Peck Company Holdings, Inc. (NASDAQ: PECK) is a 2nd-generation family business founded in 1972 and rooted in values that align people, purpose, and profitability. Ranked by Solar Power World as one of the leading commercial solar contractors in the Northeastern United States, Peck provides EPC services to solar energy customers for projects ranging in size from several kilowatts to multi-megawatt systems for commercial and utility scale projects. Peck has installed over 200 megawatts of solar systems since it started installing solar PV in 2012 and continues its focus on profitable growth opportunities. For more information, visit www.peckcompany.com.

About iSun Energy LLC

iSun Energy develops and deploys solar energy and smart city e-mobility hubs. The Burlington, Vermont based company is on a mission to provide clean energy and mobility, through the delivery of smart, solar energy generating structures, combined with EV charging, air quality tracking, and energy-resiliency services. iSun continues to add other proprietary products to serve the needs of smart-cities powered by clean energy. For more information, visit www.isunenergy.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about (i) the benefits of the proposed merger, including future financial and operating results, cost savings and synergies, effects on cash flow, market accessibility, financing opportunities, enhancements to revenue and accretion to reported earnings that may be realized from the proposed merger; (ii) Peck’s and iSun’s plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts; and (iii) other statements identified by words such as “expects” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “targets,” “projects,” or words of similar meaning generally intended to identify forward-looking statements. These forward-looking statements are based upon the current beliefs and expectations of the respective management of Peck and iSun and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of Peck and iSun. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the anticipated results discussed in these forward-looking statements because of possible uncertainties.

No Offer or Solicitation

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval with respect to the proposed merger or otherwise. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, and no offer to sell or solicitation of an offer to buy shall be made in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Contacts
The Peck Company Holdings Investor Contact:
Michael d’Amato
IR@peckcompany.com
Phone: 802-264-2040

iSun Energy LLC Contact:
Sass Peress
sass@isunenergy.com
Phone: 514-909-5047