Entering text into the input field will update the search result below

Solar Integrated Roofing Corp. (OTC PINK: SIRC) Names Muthia AlSayer, A Technology Leader, To Its Board; Her Appointment As Second Independent Di-Rector Meets Corporate Governance Requirement For OTCQB Up Listing

Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Summary

  • Solar Integrated Roofing Corp. (OTC PINK: SIRC) Names Muthia AlSayer, A Technology Leader, To Its Board; Her Appointment As Second Independent Director Meets Corporate Governance Requirement For OTCQB Up Listing.

Solar Integrated Roofing Corp. (OTC PINK: SIRC) today (May 26, 2021) announces it has named Muthia AlSayer, technology leader, to its Board. Her appointment as Second Independent Director to SIRC’s Board meets the corporate governance requirement for an OTCQB up listing. She was CEO and co-founder of omniX labs where she brought experience connecting the physical space in a digital world. Earlier, she was CEO of TagStone, an IoT technology systems integration company, and was also a consultant at Bridgewater Associates, the world’s largest hedge fund. David Massey, CEO of SIRC, said that AlSayer’s experience in strategy and business development will prove invaluable. He said, “Her appointment importantly allows us to meet the requirement for two independent directors, which is a requirement for up listing to the OTCQB.”

stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).

Solar Integrated Roofing Corp. (OTC PINK: SIRC) Names Muthia AlSayer, A Technology Leader, To Its Board; Her Appointment As Second Independent Director Meets Corporate Governance Requirement For OTCQB Up Listing

AlSayer is a technology expert with more than 20 years of experience as a technology expert. She started her career at Goldman Sachs, the investment bank located in New York City. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Names Muthia AlSayer, A Technology Leader, To Its Board; Her Appointment As Second Independent Director Meets Corporate Governance Requirement For OTCQB Up Listing.

Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), said “We welcome Muthia to the Board and look forward to her contributions as we continue to scale our company, leveraging recent acquisitions to create a truly comprehensive nationwide platform company for solar, battery and roofing solutions. I look forward to executing upon this vision to create sustainable value for our shareholders over the long term.”

He added, “Her expertise in strategy, business development, operations and finance will prove invaluable as we strive to drive sustainable revenue growth and profitability in the near term. In addition, her appointment importantly allows us to meet the requirement for two independent directors, which is a requirement for up listing to the OTCQB.” Solar Integrated Roofing Corp. (OTC PINK: SIRC) Names Muthia AlSayer, A Technology Leader, To Its Board; Her Appointment As Second Independent Director Meets Corporate Governance Requirement For OTCQB Up Listing.

$100 Million Revenue Guidance For SIRC For The Next 12 Months

David Massey and the company declared at least $100 million preliminary 12 month revenue guidance through May 31, 2022, reflecting SIRC’s rapid growth — both through acquisitions and organically. David Massey, CEO of SIRC, said the company could grow volume even further in this time period if SIRC continues to populate its acquisition pipeline. SIRC has been rolling up roofers and solar and battery installers creating a true platform company as well as shoring up its back office and sales efficiencies/capabilities to scale nationwide, he said.

Massey of Solar Integrated Roofing Corp. (OTC PINK: SIRC), said, “We accelerated our rapid pace of acquisitions in 2021, rolling up roofers as well as solar and battery installers — creating a true platform company with the back office and sales capabilities to scale nationwide. When taking into account our recently acquired companies, we've built a significant customer base across the SIRC family of companies.

“While there is seasonality inherent to our business and the revenue will not be divided evenly month to month, we expect that we will generate at least $100 million of revenue over the next 12 months with the acquisitions we have announced to date.” Solar Integrated Roofing Corp. (OTC PINK: SIRC) Names Muthia AlSayer, A Technology Leader, To Its Board; Her Appointment As Second Independent Director Meets Corporate Governance Requirement For OTCQB Up Listing.

If SIRC Further Populates Its Acquisition Pipeline, The $100 Million Guidance Figure Could Grow

Massey added, “We are realizing both acquisitive and organic growth on all fronts while minimizing dilution. Looking ahead, we continue to populate our acquisition pipeline which could further grow this $100 million revenue guidance figure. I look forward to continued operational execution in the months ahead, working closely with our team to create sustainable value for our shareholders over the long-term.”

Learn more about SIRC at Leadership - SIRC IR.

Analyst's Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.