Renewz® Secures Funding from PME MTL Centre-Ville to Become the Leading North American Provider of Solar Powered Technologies

Renewz® Secures Funding from PME MTL Centre-Ville to Become the Leading North American Provider of Solar Powered Technologies

For Broadcast: Wednesday, May 17, 2017, 8 am EST

MONTREAL – Renewz sustainable solutions inc. is pleased to announce an agreement for financial backing from Montreal investment fund, PME MTL Centre-Ville. The deal grants renewz a $15,000 grant and a $200,000 loan in support of the company’s vision to become the leading North American provider of solar powered carports and electric mobility technologies. “This financial support from PME MTL Centre-Ville is very important because it is part of the continuity of growth of our company, especially on an international level,” said renewz CEO, Sass M. Peress. “We are simultaneously working in two explosive markets: solar energy and electro-mobility. As a Quebec company, we are proud to be able to increase the export market commercialization of our technologies.”

Renewz signed a manufacturing license in the spring of 2016 to produce solar carports in Canada designed by the Italian firm, Giulio Barbieri. The company continued to expand its reach last November, by launching its new range of iSun ™ solar shelters in Israel, as part of Montreal mayor Denis Coderre’s trade mission. PME MTL is excited to have a hand in supporting a growing business like renewz. “Sass Peress is a leader in international marketing and a pioneer in the commercialization of the solar industry. We are very proud to encourage the commercialization of a promising undertaking. Renewz is a company to be monitored with economic benefits that are likely to be very attractive to Montreal,” says Christian Perron, Managing Director of PME MTL Centre-Ville.

These new financial agreements will allow renewz to expand its workforce and focus on making its solar carports available around the globe. “Being able to add more staff at our Montreal office will allow us to expand our sales efforts abroad,” added Mr. Peress. With PME MTL on board, renewz is continuing its mission to deliver a durable, customizable, eco-friendly energy solution to its customers.

About PME MTL Centre-Ville

Key players in supporting the start-up and growth of small and medium-sized enterprises, PME MTL Centre-Ville supports entrepreneurs in the boroughs of Côte-des-Neiges-Notre-Dame-de-Grâce, Plateau-Mont-Royal, Outremont and Ville-Marie, and the city of Westmount.

Since April 2015, PME MTL Centre-Ville has been one of the six service hubs of the new business and entrepreneurs support network on the Island of Montreal. The PME MTL network offers a range of professional services available to private and social entrepreneurs.

About renewz sustainable solutions inc.

With more than 60 years of combined expertise in the renewable energy and automotive sectors, renewz helps its customers reduce their carbon footprint while expanding the offer of renewable energy products and clean, rewarding and innovative energy and electromobility platforms. Benefiting from the support of the C3E, an organization supporting the electric vehicle industry in Quebec, the company offers its customers the implementation of renewable energy solutions and electric mobility solutions. Check out to learn more.

For further information, please contact:

Sass M. Peress / Chief Executive Officer / T: 514-909-5047

Dan Cohen / Chief Technology Officer