Sunday Dec 04, 2022

Victory Square Renewable Energy Company, Stardust Solar, – GlobeNewswire

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VANCOUVER, British Columbia, Jan. 12, 2022 (GLOBE NEWSWIRE) — Victory Square Technologies Inc. (“Victory Square”) (CSE:VST) (OTC: VSQTF) (FWB:6F6), a company that provides investors access to a diverse portfolio of next generation technology companies, is pleased to provide a corporate update on its renewable energy company Stardust Solar (“Stardust” or “Company”).

Founded in 2017, Stardust Solar is a leader in renewable energy education, providing CSA/NABCEP approved design and installation training with hands-on experience. Stardust Solar is also one of the first companies in North America to offer a franchise opportunity dedicated to the installation of solar PV systems.

Highlights:

  • Solar Network of over 2,000+ trained professionals in Canada and USA (all trained and certified in renewable energies)
  • One of the Biggest Renewable Energy Education providers in Canada
  • Recently Acquired the Canadian Solar Institute
  • Training Courses in Solar PV Installation, EV Charger Installation, Solar Hot Water, Wind Energy, and Wave Energy
  • CSA and NABCEP approved training for those entering the renewable energy industry
  • Solar PV Installation Franchise Model (developed Dale & Lessmann LLP, a leading franchise law firm)
  • 12 Franchise Territories sold or reserved: Vancouver, BC, Richmond, BC, Surrey, BC, Coquitlam, BC, Kamloops, BC, Edmonton, AB, Red Deer, AB, Barrie/Muskoka, ON, York, ON, Durham, ON, and Halifax, NS, P.E.I.
  • SUNPOWER National Residential Dealer Agreement in Canada
  • Future Proprietary Products in research and development
    • Solar Panel Recycling Plant
    • Environmental Panels (Generate Energy from Sun and Rain Drops)
  • Environmental Pledge – 10 trees planted in a country affected by deforestation for every solar panel installed, and 25 trees planted for every solar student certified
  • Company gained 8 new franchisees in 2021 and is preparing to add 20 more franchisees in 2022
  • Stardust Solar received the Consumer Choice Award for “Best Solar Energy Company” (Vancouver, BC)
  • Aiming for a public listing in 2022

“We are preparing to add 15-20 more franchisees this year and we will begin expansion into the USA. We project approx. 5 of our 20 new franchisees signed next year will be in the USA,” said Mark Tadros, CEO of Stardust Solar.

The USA Department of Energy (DOE) recently released the “Solar Futures Study” detailing the significant role solar will play in decarbonizing the nation’s power grid. The study shows that in just 13 years, solar energy has the potential to power 40% of the nation’s electricity, drive deep decarbonization of the grid, and employ as much as 1.5 million people – without raising electricity prices. “The study illuminates the fact that solar, our cheapest and fastest-growing source of clean energy, could produce enough electricity to power all of the homes in the U.S. by 2035 and employ as many as 1.5 million people in the process,” said Secretary of Energy Jennifer M. Granholm.

“Solar is the future today! Stardust Solar Technology literally changes lives. Owners of our Stardust Solar equipment quickly realize that solar power is much more than saving money and healing the planet… It’s about producing clean energy and reducing one’s carbon footprint today and well into the future,” said Tadros.

On June 8, 2021 Victory Square entered into a share purchase agreement with Stardust Solar in which Victory Square acquired a 20% interest in Stardust Solar in exchange for 674,157 common shares in Victory Square at a price of $0.89 per share for a total value of $600,000.

Victory Square CEO Shafin …….

Source: https://www.globenewswire.com/news-release/2022/01/12/2365599/0/en/Victory-Square-Renewable-Energy-Company-Stardust-Solar-Provides-Corporate-Update.html

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