UGE signs five new contracts across all three business units
New York- UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE"), a leader in commercial and community solar energy solutions, is pleased to announce five new contracts recently signed for projects in New York, the Philippines, and Ontario.
In New York, UGE and Wildflower signed an agreement for a 100 kW system on the roof of a storage facility in Holbrook, NY as the latest addition to the existing relationship between the companies. The success of previous projects together has led to further development opportunities, in which UGE enables new and existing buildings to earn additional revenue while complying with the Climate Mobilization Act. In this Act, Local Law 94 requires all new construction in NYC to adopt prescribed sustainability measures, which the Company believes are best fulfilled through the installation of rooftop solar energy systems.
In the Philippines, the Cebu Institute of Technology (CIT-U) signed a Memorandum of Understanding with UGE Philippines to officially commence contracting for a 97 kW solar energy system for their high school building in Cebu City. Aside from the financial savings, this milestone solidifies CIT-U's leadership in implementing clean energy technologies for academic institutions. UGE's CEO, Nick Blitterswyk, and CIT-U's President, Engr. Bernard Nicolas Villamor led the ribbon cutting ceremony at the CIT-U Library Activity Center on February 13th.
UGE Philippines also signed a contract with Lite Properties Inc. for a 200 kW project. The solar system is sized to offset the electrical load of Lite Port Center, eliminating their exposure to the high electricity rates on Bohol Island. The UGE team, together with Lite Shipping Group President and CEO Lucio Lim, Jr., signed the agreement at the group's headquarters.
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