TROY, Michigan, Sept. 22, 2022 (GLOBE NEWSWIRE) — Viper Networks, Inc. (OTC Pink: VPER), a global leader in the LED street lighting products and Smart Cities integrated systems and solutions markets, is pleased to announce that the company has begun receiving shipments of solar panels from Toledo Solar to begin deployment for commercial and residential customers in the US market.
As previously announced (06/25/2021), Viper Networks has entered into a strategic US manufacturing and partnership agreement with Toledo Solar, Inc. (www.toledo-solar.com), to further expand the American-made solar energy company. market. Toledo Solar is the only US manufacturer of CdTe thin-film photovoltaic (PV) panels for the residential and commercial rooftop markets. Their frameless, all-glass, hermetically sealed solar panels are the most durable modules on the market, backed by an industry-leading 25-year warranty.
The first to deliver utility-scale power and reliability to the rooftop markets, Toledo Solar’s Cadmium Telluride (CdTe) solar panels require significantly less energy to manufacture, payback time of shortest energy and lowest carbon footprint in the industry. In the utility space, American-made CdTe thin-film solar panels have been proven to outperform foreign-sourced PV-SI panels in terms of return on investment (ROI) and durability. As a result, they currently supply approximately 40% of the US utility market and 8% of the global market.
Thin-film CdTe panels are 100% recycled with over 90% of all materials reused, while silicon panels are mostly discarded in local landfills, creating a growing problem of hazardous waste.
The landmark $739 billion “Cut Inflation Act” recently signed into law by President Biden provides $369 billion in climate and energy investments. One of the most valuable green energy incentives included in the legislation is the 10-year extension of a federal tax credit that reduces the cost of installing a rooftop solar system by 30%, and up to 40% if the panels are entirely made in America. . Notably, Toledo Solar’s panels are currently the only ones eligible for the 40% ITC credit (available through 2032) that applies to 100% American-made solar panels.
According to the Biden administration, in Florida alone, more than 1.1 million households will use the credit to install rooftop solar systems over the next decade, as the South Florida Sun Sentinel newspaper recently reported. .
Mr. Farid Shouekani, CEO and President of Viper Networks, Inc., said, “The world is changing and Viper Networks is preparing to meet the growing demand for renewable energy. Our manufacturing partnership with industry leader, Toledo Solar, is evolving rapidly as we are in the process of establishing a major proof-of-concept project with them for our EcoTech Solutions operations in Illinois, which we acquired last February.
Mr. Aaron Bates, CEO of Toledo Solar, Inc., said, “We are proud to help America’s renaissance in solar manufacturing by building utility-grade CdTe PV solar technology panels for the residential and commercial. From day one, we have been committed to providing the highest quality solar solutions while maintaining the highest ethical standards. Our impressive team of skilled workers are based entirely in our rapidly growing factory in Ohio, where we have always sourced our components from suppliers with strict ESG controls.
For more information, visit https://toledo-solar.com and www.ViperNetworks.com or follow us on Twitter @vipernetworks
Safe Harbor Statement:
This press release contains “forward-looking statements” as that term is defined in Section 27A of the US Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this release that are not historical are forward-looking and include any statements regarding beliefs, expectations or intentions regarding the future. These statements are not guarantees of future performance and actual results may differ materially from those projected and should not be relied upon as an indication of future performance. Potential risks and uncertainties include the Company’s operating history, resources, economic, competitive and stock market conditions.
Investor Relations/Media Contact: SAG Equity Group, Greater Orlando / 407.444.5959
