MILWAUKEE, June 8, 2017 /PRNewswire/ -- EnSync, Inc. (NYSE
MKT: ESNC), dba EnSync Energy Systems, a leading developer
of innovative distributed energy resource (DER) systems and
internet of energy (IOE) control platforms for the utility,
commercial, industrial and multi-tenant building markets, today
announces that it has entered into a 20-year Power Purchase
Agreement (PPA) with Easter Seals Hawaii to help offset the
non-profit's higher local electricity prices.
The project features a ground mounted 122-kilowatt solar panel
installation located at the non-profit's facility called the
Kapolei Napuakea Service Center. Easter Seals Hawaii is a
nonprofit that empowers children and adults with disabilities
through services like facilities-based care, job training,
rehabilitation, home and community-based services, and much more.
They have served Hawaii for over
70 years and provided more than 600,000 hours of service annually
to individuals and families living in the state.
"The Hawaii electricity PPA
market has proven to be a valuable place for EnSync Energy to
deepen its presence, and show how applicable our business model has
become," said Brad Hansen, CEO and
President of EnSync Energy Systems. "This time we're
especially proud to partner with an incredible non-profit to help
lower their electricity prices, so they can better target those
funds towards serving children and adults in need."
"Non-profits are always struggling to find ways to lower
operating costs in Hawaii, so
Easter Seals is thrilled to harness
the abundant sunshine here and use it to lower our operational
costs for the long term," said Ron
Brandvold, Chief Executive Officer of Easter Seals Hawaii.
"The need for our services never ends, so we appreciate being able
to manage costs whenever and wherever we can."
"We deeply appreciate the energy community helping Easter Seals be sustainable while stabilizing
our costs," said Michael Hulser, the
Chairman of the Board for Easter Seals Hawaii.
This project is in an advanced stage of development and
construction targeted for completion by the end of 2017. At
this time EnSync Energy has 18 projects in Hawaii that are either operational, under
construction or have been contracted.
About EnSync Energy Systems
EnSync, Inc. (NYSE MKT:
ESNC), dba EnSync Energy Systems, is creating the future of
electricity with innovative distributed energy resource (DER)
systems and internet of energy (IOE) control platforms. EnSync
Energy ensures the most cost-effective and resilient electricity,
delivered from an electrical infrastructure that prioritizes the
use of all available resources, such as renewables, energy storage
and the utility grid. As project developer, EnSync Energy's
distinctive engagement methodology encompasses load analysis,
system design consulting, and technical and financial modeling to
ensure energy systems are sized and optimized to meet our
customers' objectives for value and performance. Proprietary
direct current (DC) power control hardware, energy management
software, and extensive experience with numerous energy storage
technologies uniquely positions EnSync Energy to deliver fully
integrated systems that provide for efficient design, procurement,
commissioning, and ongoing operation. EnSync Energy's IOE
control platform adapts easily to ever-changing generation and load
variables, as well as changes in utility prices and programs,
ensuring the means to make or save money behind-the-meter, while
concurrently providing utilities the opportunity to use DERs for an
array of grid enhancing services. In addition to direct system
sales, EnSync Energy includes power purchase agreements (PPAs) in
its portfolio of offerings, which enables electricity savings for
customers and provides a stable financial yield for investors.
EnSync Energy is a global corporation, with joint venture
Meineng Energy in AnHui,
China, and energy project development subsidiary Holu
Energy LLC in Hawaii, and
DCfusion LLC, a power system engineering and design,
consultancy and policy firm. For more information, visit
www.ensync.com
Safe Harbor Statement
Certain statements made in this
press release contain forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended that
are intended to be covered by the "safe harbor" created by those
sections. Forward-looking statements, which are based on certain
assumptions and describe our future plans, strategies and
expectations, can generally be identified by the use of
forward-looking terms such as "believe," "expect," "may," "will,"
"should," "could," "seek," "intend," "plan," "estimate,"
"anticipate" or other comparable terms. Forward-looking statements
in this press release may address the following subjects among
others: our ability to monetize our PPA assets, statements
regarding the sufficiency of our capital resources, expected
operating losses, expected revenues, expected expenses and our
expectations concerning our business strategy. Forward-looking
statements involve inherent risks and uncertainties which could
cause actual results to differ materially from those in the
forward-looking statements, as a result of various factors
including those risks and uncertainties described in the Risk
Factors and in Management's Discussion and Analysis of Financial
Condition and Results of Operations sections of our most recently
filed Annual Report on Form 10-K and our subsequently filed
Quarterly Reports on Form 10-Q. We urge you to consider those risks
and uncertainties in evaluating our forward-looking statements. We
caution readers not to place undue reliance upon any such
forward-looking statements, which speak only as of the date made.
Except as otherwise required by the federal securities laws, we
disclaim any obligation or undertaking to publicly release any
updates or revisions to any forward-looking statement contained
herein (or elsewhere) to reflect any change in our expectations
with regard thereto or any change in events, conditions or
circumstances on which any such statement is based.
EnSync Energy Media Contact:
Michelle Montague
mmontague@ensync.com
(262) 735-5676
Investor Relations Contact:
Lytham Partners,
LLC
Robert Blum, Joseph Diaz, or Joe Dorame
(602) 889-9700
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SOURCE EnSync, Inc.