SAN DIEGO, Feb. 24, 2016 /CNW/ -- OneRoof Energy, Inc., a residential solar services provider and wholly-owned subsidiary of OneRoof Energy Group, Inc. (TSXV:ON) today announced that it has signed an agreement with the University of California, Riverside to work together to test next generation photovoltaic products.
"This initiative is designed to test next generation solar modules for their functionality under various real life conditions, quantify their benefits to the homeowner, and validate increased energy harvest assumptions," commented David Field, President and Chief Executive Officer for OneRoof Energy. "Once testing is complete, we plan to add the new photovoltaic products to our solar offering portfolio representing what we believe to be the most cost effective durable solution for homeowners that increase energy harvesting from their solar system."
Independent testing of the new technology will be performed by researchers at UCR's Southern California Research Initiative for Solar Energy (SC-RISE), which is part of the Bourns College of Engineering's Center for Environmental Research and Technology (CE-CERT).
Dr. Alfredo Martinez-Morales, SC-RISE Managing Director, said the partnership highlights CE-CERT's reputation as a trusted resource for the analysis of emerging technologies that are being developed to demonstrate renewable energy, energy efficiency and sustainability. "Designing, testing and implementing a new technology for the real world is a complex process and we welcome the opportunity for our students and researchers to evaluate a market-ready technology," Martinez-Morales commented.
About OneRoof Energy
OneRoof Energy Group, operating through its wholly-owned subsidiary, OneRoof Energy, is a complete solar services provider offering homeowners everything from traditional and lease financing, PPAs, solar system design and installation project management to ongoing system monitoring and maintenance services. Utilizing its technology-rich, solar leasing fulfillment platform, OneRoof Energy is partnering with traditional energy retailers and home services companies of all sizes to offer residential customers affordable, renewable energy choices. With its unique end-to-end energy solution, the Company has created multiple touch points to offer cost-saving energy products and services that create a seamless experience for the homeowner while fulfilling their unique energy needs. Currently, OneRoof Energy serves residential customers in nine states including Arizona, California, Hawaii, Massachusetts, New Jersey, Connecticut, Maryland, Pennsylvania and New York with plans for additional expansion. For more information, visit www.oneroofenergy.com.
About Southern California Research Initiative for Solar Energy
University of California Riverside's Southern California Research Initiative for Solar Energy (SC-RISE) aims to become a magnet for research and a clearinghouse for information to drive the adoption of affordable solar energy in one of the world's sunniest regions.
Caution Regarding Forward-Looking Information
Certain statements contained in this document, including those that express management's expectations or estimates regarding OneRoof Energy Group's and OneRoof Energy's future performance, are "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is necessarily based on a certain number of estimates and assumptions, which while considered plausible by the management when they are made, are inherently subject to significant commercial, economic and competitive risks and uncertainties. We advise investors not to rely unduly on forward-looking information. The Company further declines any intention or obligation to publicly update this forward-looking information, whether due to new information, or future or other events, unless required by applicable law.
Neither the TSX Venture Exchange nor its regulation service provider (as these terms are defined in policies of the TSX Venture Exchange) bears responsibility for the adequacy or accuracy of this press release.
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