SPI - SPI Energy signs asset purchase agreement with Petersen-Dean

Solarjuice American, a wholly owned subsidiary of SPI Energy (SPI) and Petersen-Dean, Inc. one of the largest full-service, privately-held roofing and solar companies in the US, has signed a court-approved comprehensive Interim Management Agreement to prepare for the sale of Petersen-Dean's assets to Solarjuice America. "The purchase of Petersen Dean's assets will significantly strengthen our US operations," stated Xiaofeng Peng, Chairman and CEO of SPI Energy. "Market demand for solar solutions continues to grow in the US. Through this Interim Management Agreement, we can quickly get to work meeting this demand by leveraging the established infrastructure Petersen Dean has built while we work to complete the asset purchase, allowing us to generate revenue near-term and advance the asset integration as the terms are finalized."

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SPI Energy signs asset purchase agreement with Petersen-Dean