In conjunction with announcing the public offering, the Company is
also announcing that it had $774.9 million of executed
contracts and awarded orders (which it defines as orders where it
is in the process of documenting a contract but for which a
contract has not yet been signed) for tracker systems as of January
31, 2021, of which it expects to recognize $693.2 million
during the 12 months ending December 31, 2021.
About Array Technologies, Inc.
Array Technologies is a leading global technology company providing
tracker solutions and services for utility-scale solar energy
projects as one of the world’s largest manufacturers of
ground-mounted systems. With efficient installation and terrain
flexibility coupled with high reliability, durability, and
performance, Array delivers a lower levelized cost of energy. The
Company’s focus on innovation, combined with its customer-centric
approach, has helped achieve some of the industry’s best returns.
Array Technologies is headquartered in the United States with
offices in Europe, Central America, and Australia.
Forward Looking Statements
This press release contains forward looking statements, including
statements regarding the secondary offering. 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, including,
but not limited to, those in the Company’s registration statement
filed with the Securities and Exchange Commission and those
described under the caption “Risk Factors” in the Company’s Annual
Report on Form 10-K for the
year ended December 31, 2020, which are available free of
charge on the Securities and Exchange Commission’s website at:
James McCusker, 203-585-4750
Investor Relations Contact: