Three Sixty Solar Develops Working Partnership with Structural Engineers

·6 min read
Three Sixty Solar Ltd.
Three Sixty Solar Ltd.

VANCOUVER, British Columbia, March 09, 2023 (GLOBE NEWSWIRE) -- Three Sixty Solar Ltd. (NEO: VSOL) (OTC: VSOLF) (“Three Sixty,” “Three Sixty Solar,” or the “Company”), an innovative alternative energy design, manufacture, and sales organization focussed on solar equipment supply to the global marketplace, is pleased to announce a strategic partnership with ASPECT Structural Engineers (“ASPECT”).

Structural engineering plays a key role in the ongoing development and scalability of the Three Sixty Solar SVS product mix of vertical solar towers. ASPECT has been engaged as a development partner to perform parametric analysis and design on our structural towers, incorporating such variables as geometric sizing, available steel products, local seismic loads, wind loads, and building codes, as well as multiple additional utilities that can be added to each tower.

ASPECT Structural Engineers are a multinational full service structural engineering firm headquartered in Vancouver, British Columbia, with additional offices in Toronto, Ontario and Bern, Switzerland. Founded in 2014, ASPECT is now a cohesive team of 40+ engineers, technicians, and support staff, well versed in the design of a broad range of building types and structural systems from around the globe. The ASPECT team has extensive experience with design solutions that complement architectural intent, while always keeping constructability, budget, and schedule paramount. Find our more at https://aspectengineers.com/.

Three Sixty Solar’s confidence in ASPECTS’s experience was reinforced based on first-hand examination of their participation in Vancouver Island’s Malahat Skywalk & Visitor Centre, where ASPECT successfully integrated a unique tower structure into the surrounding environment, as these same criteria will regularly be a requirement with the Three Sixty Solar towers.

ASPECT Associate Paul Paquet states, “The Three Sixty project began with an optimization of a single tower, but it became apparent quite quickly that there was a need to use parametric design to keep up with the demand and changes associated with building around the world. We’re excited that we have been able to help design the tower to be adaptable to changing technologies, setting the base tower to the correct starting condition, and leveraging that to adapt our geometry instantly to accommodate Three Sixty Solar’s needs as they expand around the world.”

Three Sixty Solar’s CEO, Brian Roth notes, “I am thrilled to be working with a firm as reputable and talented as ASPECT. They have already provided critical support in designing our towers with the flexibility to adapt to new geographies, conditions, and sources of supply. I expect that partnering with ASPECT will enhance our ability to deliver on our stated goal of installing at least 500 MW of power in the next five years.”

On Behalf of the Board of Directors,

--Brian Roth—

Brian Roth,
Chief Executive Officer & Director
Three Sixty Solar Ltd.
www.threesixtysolar.com

About Three Sixty Solar Ltd. (NEO: VSOL) (OTC: VSOLF)

Three Sixty Solar Ltd. is an innovative alternative energy design, manufacture, and sales organization which focuses on solar equipment supply to the global marketplace. The company’s premier product line is the patent pending SVS series commercial solar tower. According to Statistics MRC, the solar farm sector is set to grow to around $296 billion by 2028. Three Sixty Solar’s unique tower concept is a high density, clean energy solution that uses up to 90% less land space than conventional solar farms and can co-locate adjacent to homes, retail, agriculture, and industry, thus minimizing line loss and maximizing energy delivery in places where renewables have been difficult to install until now. In multi-tower applications, developers can utilize the spaces between towers to better leverage land assets through additional revenue generating activities. Designed to withstand major instances of extreme weather, Three Sixty Solar offers a clean energy solution with minimal environmental and habitat impact. To find our more, visit: www.threesixtysolar.com and please watch our video. To stay informed, please sign up to receive news alerts and follow us on Instagram (@threesixtysolar.vsol), Twitter (@ThreeSixtySolar), and Facebook (@threesixtysolar.vsol).

Forward Looking Information Disclaimer

This letter contains statements and information that, to the extent that they are not historical fact, may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as “may”, “would”, “could”, “will”, “likely”, “except”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook”, or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to, statements with respect to the services to be provided by ASPECT in its partnership with the Company, the Company’s plans to expand its product offerings around the world, and the Company’s ability to install solar towers generating at least 500 MW of electricity over the next five years.

Forward-looking information is based on the assumptions, estimates, analysis, and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; the Company’s ability to secure additional financing on reasonable terms; the competitive conditions of the sector in which the Company operates; and laws and any amendments thereto applicable to the Company.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to secure financing on reasonable terms or at all, as well as all of the other risks as described under the heading “Risks Factors” in the Company’s annual information form dated December 29, 2022 filed under the Company’s profile at www.sedar.com. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.

Neither the Neo Exchange Inc. nor any securities regulatory authority has approved nor disapproved the contents of this press release.

CONTACT INFORMATION

Three Sixty Solar Ltd.
Investor Relations
Email: investors@threesixtysolar.com
Telephone: +1 (778) 383-6743

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Email: info@threesixtysolar.com
Telephone: +1 (877) 684-1972