iSun Inc. Settles Pending Litigation
iSun, Sass Peress and Renewz Sustainable
Solutions agree on Settlement
iSun, Inc. (NASDAQ: ISUN) (the "Company," or "iSun"), a leading
solar energy and clean mobility infrastructure company with
50-years of experience accelerating the adoption of innovative
electrical technologies, announced the settlement of the pending
litigation initiated by Sass Peress.
- Amicable resolution of all disagreements.
- No additional consideration paid as a result of the
- Recognition of Sass Peress’s contribution to iSun’s EV
“When we acquired iSun Energy, LLC in January of 2021, we
embraced the innovative change pioneered by Sass Peress throughout
his career in solar and e-mobility,” said Jeffrey Peck, Chairman
and Chief Executive Officer of iSun. “We were able to leverage
Sass’s existing industry connections to drive our growth strategy
forward. We also knew that the innovation acquired would allow iSun
the opportunity to build new relationships in new geographic
regions. As a Company, we appreciate the opportunity to have worked
collaboratively with Sass and his team throughout 2021 and wish him
all the success in his path forward. We are happy to settle all
disagreements in an amicable manner as our goals of accelerating
the transition to clean energy and fighting climate change were
aligned from the beginning.”
About iSun Inc.
Since 1972, iSun has accelerated the adoption of proven,
life-improving innovations in electrification technology. iSun has
been the trusted service provider to Fortune 500 companies for
decades and has installed clean rooms, fiber optic cables, flight
simulators, and over 600 megawatts of solar systems. The Company
currently provides a comprehensive suite of solar services across
residential, commercial, industrial & municipal, and utility
scale projects and provides solar electric vehicle charging
solutions for both grid-tied and battery backed solar EV charging
systems. iSun believes that the transition to clean, renewable
solar energy is the most important investment to make today and is
focused on profitable growth opportunities. Please visit
www.isunenergy.com for additional information.
This press release includes forward-looking statements within
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our Annual Report on Form 10-K.
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version on businesswire.com: https://www.businesswire.com/news/home/20230120005477/en/
iSun Investor Relations IR@isunenergy.com
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