iSun, Inc. Celebrates Earth Day 2021 with One Year Anniversary of GreenBond Advisors Partnership

GreenBond Advisors Partnership highlights commitment to clean energy production

Updates on Development Pipeline

iSun, Inc. (NASDAQ: ISUN) (“iSun”), a leading solar energy and clean mobility infrastructure company with 50 years of construction experience in solar, electrical and data services, today, in conjunction with Earth Day, announced a progress update regarding its partnership with GreenSeed Investors LLC and its affiliates, including GreenBond Advisors LLC (“GreenBond affiliates”), which aims to enhance iSun’s access to the growing Green Bond segment of the fixed income market by expanding its Engineering, Procurement, and Construction (“EPC”) bid pipeline and grow its base of recurring revenue and earnings.

Key Highlights

• GreenBond affiliates are building on existing indications of interest from leading institutional investors to proceed with investment in an investment grade private placement offering of $350 million of Green Bonds to fund the construction of qualified solar projects.

• GreenBond affiliates are now reviewing or negotiating the purchase of over 4,000 MW of utility-scale solar projects at various stages of development which can be constructed using proceeds from its Green Bond offering.

• iSun’s recent entry in the utility-scale solar EPC market uniquely positions iSun to capitalize on these future opportunities.

• iSun will own a minority interest in the solar projects it constructs for the partnership.

“We remain excited about the growth opportunities presented through our partnership with GreenBond Advisors and GreenSeed Investors and are pleased to be able to announce this important update on Earth Day, as iSun supports the transition from dirty energy to clean energy,” said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. “The main goals of our partnership are to increase our solar EPC pipeline and to provide asset ownership opportunities to increase our recurring revenue stream. We are confident that the combination of our enhanced utility solar capabilities with GreenBond Advisors’ project pipeline and financing commitments positions us well for meaningful results in the coming quarters.”

“We are pleased to celebrate Earth Day and the one-year anniversary of our partnership with iSun by announcing significant progress in the achievement of our joint corporate objectives,” said William Dale, Chairman and Chief Executive Officer of GreenBond Advisors, LLC and GreenSeed Investors, LLC. “Over the past year we have successfully developed a platform and received indications of interest from leading institutional investors to proceed with investment in an investment grade private placement offering of $350 million of Green Bonds to fund the construction of qualified solar projects. Additionally, our affiliate companies have built teams of experts in the renewable energy project development and procurement field and are now reviewing or negotiating the purchase of over 4,000 MW of utility scale solar projects. We maintain a strong discipline in the acquisition of solar projects to ensure long-term profitability for our investors in Solar Project Partners, the passive holding company which will own developed solar projects with our partners. iSun’s commitment to growing their utility scale solar EPC business will help accelerate our business model and provide quality, investment grade Green Bonds for the deep pool of institutional investors seeking to expand their investment in this rapidly growing asset class.”

ABOUT iSUN

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 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 for commercial, industrial, and utility customers. 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 650 megawatts of rooftop, ground- mount and EV-carport solar systems (equal to power required for 123,500 homes). We continue to focus on profitable growth opportunities. For more information, visit www.isunenergy.com

About GreenBond Advisors LLC

Headquartered in New York City, NY, GreenBond Advisors was formed in 2020 to deliver financial product innovation into the Green Bond market with new Green Bond product designs that allow risk-adverse investment capital to be more easily directed into new green energy infrastructure development and construction. GreenBond Advisors works with an ecosystem of affiliate companies and partnerships designed to help conservative investors earn competitive rates of return while making a measurable impact on the transition to a world powered by clean energy. Please visit www.greenbondadvisors.com for additional information.

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/20210422005648/en/

Contacts
Chase Jacobson 
IR@isunenergy.com 

The Peck Company Holdings and its Strategic Partner GreenBond Advisors Featured by Nasdaq TradeTalks

Well-Positioned for Growth in 2021 with Backlog of $56 Million and Relationship with GreenBond Advisors

The Peck Company Holdings, Inc. (NASDAQ: PECK) (the “Company” or “Peck”), a leading commercial solar engineering, procurement and construction (EPC) company, is pleased to provide highlights from recent interviews by Jill Malandrino, Global Markets Reporter for Nasdaq.

To view the full interviews, please click: Nasdaq TradeTalk Interviews

“Financing the transition to renewable energy with green bonds” 

November 24, 2020

William Dale, Chief Executive Officer and Jonas Englund, Chief Strategy Officer of GreenBond Advisors provided an in-depth perspective about green bonds and what it means for companies able to access funds to construct renewable energy assets. Mr. Dale explained that it was important for GreenBond Advisors to partner with experts in the field because there are complexities and barriers to entry to moving into this space. Partnering with The Peck Company was important because Peck will have a significant territorial advantage to expand its footprint by having access to capital like the green bond market.

Swedish investment bank SEB, underwriter of the first Green Bond in 2008, has forecast the Green Bond market will exceed $1 trillion by the end of 2020. Many pundits compare the potential growth and demand to mirror that of ETFs which were a $1 trillion asset class 15 years ago, growing into $5 trillion today, as to predict that the Green Bond market asset class will be $5 trillion by 2035.

Dale and Englund believe that we are undergoing a transformational change to a society powered by clean electricity that is being driven by innovation. Forecasters expect renewables to make up 70-80% of electricity generation in 20 years, up from just 28% today. Solar specifically represents less than 2% of the U.S. grid today and is estimated to be at 30% in 20 years. Infrastructure is needed to support such growth, and GreenBond Advisors with its partners like The Peck Company intend to be active in construction and ownership of assets.

In April 2020, Peck and GreenBond Advisors formed a new investment partnership that Peck believes will increase Peck’s access to capital for the construction of new solar projects and to scale its existing pipeline of new EPC business. Peck partnered with GreenSeed Investors LLC and its affiliates GreenBond Advisors LLC and Solar Project Partners LLC to gain access to the rapidly growing Green Bond segment of the fixed income markets. Of note, this partnership provides Peck with access to project growth capital through additional EPC contract work from Green Bond proceeds while improving working capital and strengthening liquidity ratios.

This partnership is a significant strategic advantage for Peck since project financing for constructing new projects will come from the GreenBond partnership and not from Peck’s balance sheet. In addition, owning the projects through the partnership allows Peck to recognize all construction revenue and to participate in recurring revenue streams from the owned assets.

Benefits to Peck for projects constructed through the GreenBond partnership:

• Peck has a First Right of Refusal to construct all solar projects for the partnership

• Committed funds acquire qualified NTP projects based on pre-defined criteria

• 100% funding for Peck to construct from NTP to COD; no debt required by Peck

• 100% revenue recognition for all constructed projects through the partnership

• ~20% ownership in constructed assets of the partnership with long-term recurring revenue

“2021 outlook and trends in the solar space” 

November 23, 2020

Daniel Dus, Head of Renewables at Adani Solar USA and Board Member of The Peck Company Holdings, commented about solar being a critical infrastructure and has been resilient even during the recent pandemic and economic downturns. Dus says that 100 GWs of solar infrastructure will be constructed over the next 5 years, representing 50% growth. Technology improvement has enabled lower cost of energy, caused increased adoption and expanded the size of the market. The upcoming U.S. political environment under soon-to-be President Biden is also expected to increase support of renewables and specifically solar, which Dus believes will accelerate the expansion of needed infrastructure.

“M&A activity and financing new projects through Green Bonds” 

October 19, 2020

Jeffrey Peck, Chief Executive Officer of The Peck Company Holdings, discussed the Company’s three pronged growth strategy, including organic growth, accretive M&A and owning assets for recurring revenue. The Company grew its project revenue by nearly 69% in its first year as a public company and its current project backlog for 2021 is over $50 million. Peck has expanded its reach in the New England area, having recently been awarded new projects in Maine and Rhode Island. The Company continues to identify and analyze a robust pipeline of accretive M&A targets that would benefit from accessing the public markets through a transaction with Peck. Additionally, Peck’s green bond partnership announced in April 2020 is a unique advantage for a solar EPC to drive both top line revenue for EPC construction and recurring revenue from owning solar assets.

About The Peck Company Holdings, Inc.

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 160 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.

About GreenBond Advisors, LLC

Headquartered in New York City, NY, GreenBond Advisors was recently formed to deliver financial product innovation into the Green Bond market with new Green Bond product designs that allow risk-adverse investment capital to be more easily directed into new green energy infrastructure development. GreenBond Advisors works with an ecosystem of affiliate companies and partnerships designed to help conservative investors earn competitive rates of return while making a measurable impact on the transition to a world powered by clean energy. Please visit www.greenbondadvisors.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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201214005055/en/

Contacts

Michael d’Amato 
IR@peckcompany.com 
p802-264-2040

ClearThink 
nyc@clearthink.capital

The Peck Company Holdings to Acquire Sunworks via Share Exchange, Creating an Industry Leading Solar EPC with National Presence

All-Stock Transaction Provides Scale and Operating Efficiencies to Accelerate Revenue Growth and Margin Expansion

SOUTH BURLINGTON, VT and ROSEVILLE, CA - Business Wire - August 10, 2020 - The Peck Company Holdings, Inc. (NASDAQ: PECK) ( “Peck”), a leading commercial solar engineering, procurement and construction (EPC) company and Sunworks, Inc. (NASDAQ: SUNW) (“Sunworks”), a provider of solar power solutions for agriculture, commercial and industrial (“ACI”), public works and residential markets, today announced that they have entered into a definitive agreement under which Peck will acquire Sunworks in an all-stock transaction, pursuant to which each share of Sunworks common stock will be exchanged for 0.185171 shares of Peck common stock (subject to certain adjustments). Assuming no adjustments, Sunworks’ stockholders would receive an aggregate of approximately 3,079,207 shares of Peck common stock, representing approximately 36.54% of Peck common stock outstanding after the merger.

Merger Rationale and Highlights

• Combination creates a national leader with a coast-to-coast presence poised to capitalize on significant cost synergies.

• Improves scale and strengthens national presence, with pro forma revenue of $88 million if the companies had been combined in 2019, and a combined backlog of $76.8 million if the companies had been combined as of June 30, 2020.

• Management has identified approximately $6 million in anticipated annualized cost synergies, including supply chain management leverage, redundant public company costs and various operating expenses.

• The transaction is expected to be accretive to earnings and free cash flow after integration synergies have been implemented.

• Combined company will have significantly expanded addressable market to leverage Sunworks’ core capabilities in agriculture and public works.

• Combination leverages Peck’s strategic partnership with GreenBond Advisors to provide project development and financing to fuel growth and solar project ownership improving the conversion of Sunworks’ pipeline and expanding its addressable market.

• Peck and Sunworks installed a combined 62,973kW in 2019, which would rank 41st overall and would be the 16th largest EPC contractor based on the latest Sun Power World ranking list.

Management Commentary

Jeffrey Peck, Chairman of the Board and Chief Executive Officer of Peck, commented, “This is a transformational combination, leveraging the respective strengths of the two organizations and creating a national leader in the fast-growing and resilient solar energy industry. It provides Peck expansion, scale, an enhanced financial profile and a stronger platform from which we can continue to build more solar projects. Our integration with Sunworks will extend our presence to the west coast and broaden our offerings to agriculture and public works. The transaction solidifies our three-pronged growth strategy that we announced a year ago when we listed on Nasdaq through a SPAC merger. Since we have been public, we (1) delivered organic growth of revenue from $16 million to $28 million in the first year, (2) partnered with GreenBond Advisors to access capital that provides EPC revenue as well as asset ownership in the solar projects we build for the partnership, and now (3) we are delivering on the third prong of our strategy with an exciting accretive acquisition. We have been focused on executing these important initiatives for our shareholders and expect the acquisition of Sunworks to provide many more opportunities for long term growth and profitability.”

Chuck Cargile, Chairman of the Board and Chief Executive Officer of Sunworks, added, “By joining with Peck, our vision for spreading clean solar energy throughout the U.S. is amplified and expanded. Peck has demonstrated the ability to grow revenue and maintain profitability, and we believe that the combination of our teams, customers, projects and partners will materially accelerate revenue growth and earnings. Peck’s strong partnership with GreenBond Advisors will allow us to offer financing to a broader range of customers and increase our addressable market. Additionally, our expanded scale will enable us to source solar panels and equipment through Peck’s established relationships at lower costs, benefiting our profit margins. Being part of Peck’s platform is exciting, and in the best interest of Sunworks shareholders, customers, business partners and employees.”

Transaction Details

The transaction is expected to close during the fourth quarter of 2020, subject to approval by shareholders of both companies and other customary closing conditions.

The Board of Directors of Peck and Sunworks have each unanimously voted in favor of the definitive transaction agreement.

As part of the agreement, after the transaction closes, Jeff Peck will continue as Chairman of the Board and Chief Executive Officer of the combined company. The Board of Directors of the combined company will be comprised of four members of the Peck Board of Directors and three members appointed by the Sunworks Board of Directors. Because the combined company will be in competition with SunPower Corporation in some markets, Doug Rose, who is also a Vice President at SunPower Corporation, has resigned from the Board of Directors of Peck to avoid conflicts of interests.

Roth Capital will be acting as financial advisor to Peck and Merritt and Merritt is serving as its legal counsel.

Holthouse Carlin & Van Trigt LLP is acting as financial advisor to Sunworks and Stradling Yocca Carlson & Rauth, P.C. is acting as its legal counsel.

View source version on businesswire.com:
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GreenBond Advisors, LLC (the “Company”) has not inquired into the accuracy or completeness of the statements and representations made by The Peck Holdings Company, Inc. (NASDAQ: PECK) in its press release dated August 10, 2020 included on the Company’s website, www.greenbondadvisors.com, and inclusion of such press release shall not be construed to imply that the Company has adopted such statements and representations.

The Peck Company Holdings Expands Its Solar Project Pipeline in Maine for up to 50 MWs Capacity

Maine is Projected to be One of the More Advanced Solar Markets in the U.S. Over the Next Several Years

May 19, 2020

Contacts

Michael d’Amato

IR@peckcompany.com

p: 802-264-2040

The Peck Company Holdings, Inc. (NASDAQ: PECK) (the “Company” or “Peck”), a leading commercial solar engineering, procurement and construction (EPC) company, is pleased to announce that it has expanded its pipeline of solar project portfolios in Maine for up to 50 MWs capacity from a leading solar development company focused on community-scale, commercial & industrial-scale and small utility-scale solar PV systems.

The Peck Company Holdings Chief Executive Officer, Jeffrey Peck, commented, “During the COVID-19 pandemic, we continue to work in the field to the maximum extent authorized and are poised to support the economic recovery in the northeast/New England area with the development of clean energy across the region. We are extremely pleased and excited to have been chosen to work with one of the northeast’s top solar developers. Maine’s solar market has been advancing steadily under Governor Mills’ leadership and is poised to be a driver of their economic recovery coming out of the pandemic, as a number of renewable energy bills have recently been passed by its state legislature.” Mr. Peck continued, “We are systematically expanding our pipeline in key markets like Maine in preparation for our recently announced growth initiatives with Green Bond Advisors.”

According to SEIA’s Solar Market Insights Report, Maine is projected to develop 873 MW of solar over the next 5 years, which will result in Maine moving from one of the lesser developed solar markets in the country to one of the more advanced over the next several years.

About The Peck Company Holdings, Inc.

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 125 megawatts worth of solar systems since it started installing solar in 2012 and continues its focus on profitable growth opportunities. Please visitwww.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.

View source version on businesswire.com:

https://www.businesswire.com/news/home/20200519005091/en/

GreenBond Advisors, LLC (the “Company”) has not inquired into the accuracy or completeness of the statements and representations made by The Peck Holdings Company, Inc. (NASDAQ: PECK) in its press release dated May 19, 2020 included on the Company’s website, www.greenbondadvisors.com, and inclusion of such press release shall not be construed to imply that the Company has adopted such statements and representations.

Peck Company Holdings (NASDAQ: PECK) has partnered with GreenBond Advisors to gain access to the rapidly growing Green Bond market.

Partnership Will Acquire, Build and Own the New Solar Projects

BURLINGTON, VT – Business Wire – April 22, 2020 – The Peck Company Holdings, Inc. (NASDAQ: PECK) (the “Company” or “Peck”), a leading commercial solar engineering, procurement and construction (EPC) company, is pleased to announce a new investment partnership designed to increase Peck’s access to capital for the construction of new solar projects and to scale its existing pipeline of new EPC business. Peck has partnered with GreenSeed Investors LLC and its affiliate GreenBond Advisors LLC to gain access to the rapidly growing Green Bond segment of the fixed income markets. Of note, this partnership provides Peck with access to project growth capital through additional EPC contract work from Green Bond proceeds while improving working capital and strengthening liquidity ratios.

The world is transitioning to renewable energy. For this transition to occur, new renewable energy infrastructure must be built. Green Bonds are the financial instruments focused on financing this transition, directing investor capital to the projects that are building this new infrastructure and delivering competitive returns to investors in the process.

The Peck Company Holdings Chief Executive Officer, Jeffrey Peck, commented, “We are so pleased to announce this partnership on the 50th anniversary of Earth Day. We believe we are in the early innings of a renewable energy revolution. Over the next 50 years, we will help lead the transition to our renewable energy independence. By partnering with GreenBond Advisors and their affiliate companies, Peck will be able to tap the rapidly expanding Green Bond market for dedicated resources to fuel our organic growth and solar project acquisition strategy on a scale that far exceeds Peck’s current balance sheet capability. Now developers working with Peck can secure a pipeline of projects knowing that Peck can bring both the construction expertise and the capital with a certainty of funding that is required for rapid growth. Our shareholders should also recognize that this strategic partnership with Green Bond Advisors will support Peck’s growth with an additional source of revenue through EPC contract work while continuing to improve our working capital and strengthening our liquidity ratios.”

William Dale, Chief Executive Officer of GreenBond Advisors LLC, commented, “In times of uncertainty, it’s good to remember that the sun will still shine, and that we’ll always need electricity. Green Bonds provide stable, secure investments that create jobs, strengthen America’s power infrastructure and ensure a cleaner, healthier environment for our communities. By partnering with Peck, we get an early look at the best solar projects in the market. These solar project assets are the backbone of our Green Bonds allowing us to provide stable, long-term competitive yields to our Green Bond investors. We believe that combining Green Bond financing directly with the construction capabilities of Peck offers a unique advantage as we transition our economy to renewable energy.”

Green Bonds are any type of bond instrument where the proceeds will be exclusively applied to eligible environmental projects and whose structure is aligned with the International Capital Markets Association’s “Green Bond Principals”. They are regulated instruments subject to the same capital market and financial regulation as other fixed income securities. Swedish investment bank SEB, underwriter of the first Green Bond in 2008, has forecast the Green Bond market will exceed $1 Trillion by the end of Q4 2020. Demand for these investment vehicles is significantly higher than what is currently available, resulting in repeated over-subscription for new Green Bonds and making Green Bonds an ideal vehicle for raising capital in the renewable energy sector.

GreenBond Advisors was recently formed to deliver financial product innovation into the Green Bond market. They have created a new Green Bond product that allows risk-adverse investment capital to be more easily directed into new green energy infrastructure development at an earlier stage of the project development cycle than is typically the case for existing Green Bonds. This innovation by Green Bond Advisors will provide Peck with a strategic advantage in the marketplace as an EPC company, because Peck can bring a level of funding certainty to developers for early stage projects that will meet the project performance criteria.

About GreenBond Advisors LLC

Headquartered in New York City, NY, GreenBond Advisors was recently formed to deliver financial product innovation into the Green Bond market with new Green Bond product designs that allow risk-adverse investment capital to be more easily directed into new green energy infrastructure development. GreenBond Advisors works with an ecosystem of affiliate companies and partnerships designed to help conservative investors earn competitive rates of return while making a measurable impact on the transition to a world powered by clean energy. Please visit www.greenbondadvisors.com for additional information.

About The Peck Company Holdings, Inc.

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 125 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

p802-264-2040