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PowerBank Returns to Profitability with 106% Year-Over-Year Gross Profit Growth in Q1, 145% Adjusted EBITDA Increase
Quarterly Revenues of $19.15 million and a 44.61% Gross Margin Return to Profitability with Net Income of $1.01 million This news release constitutes a "designated news release" for the purposes…
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”Voted Top 10 Renewable Energy Solutions Providers in Canada for 2023. The recognition of The Energy Business Review is the annual listing of 10 companies in Canada that are at the forefront of providing Renewable Energy solutions and impacting the marketplace.
Energy Business Review2023
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”Working with a full-service development and operations partner like PowerBank has allowed Solar Flow-Through to maximize returns to its investors and maintain the highest operational and energy production standards in the industry. Their expertise was instrumental in securing hundreds of competitively procured renewable contracts from Ontario’s Independent Electricity System Operator, representing a market leading position in the development of small-scale solar PV systems.”
Matt Wayrynen,CEO at Solar Flow Through Funds
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”Gosh Enterprises relies on partners like PowerBank who have deep solar-specific expertise. PowerBank is skilled at helping us navigate the ITC space and planning to ensure that the projects we participate in meet our investment return needs. Their deep understanding of the financing of solar PV systems makes them an ideal partner for organizations looking to reduce their tax burden.
Candra AlisiswantoPresident, CFO at Gosh Enterprises Inc.
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”We first met the PowerBank team when we came to agreement on the installation of our FIT 1 solar rooftop farm in 2013, at our green renovation project at 501 Alliance Ave. in Toronto. Not only was the engineering and installation of our photovoltaic system smooth and flawless but when we encountered a once in a hundred-year weather event, they were there to help us recover and get back up and running.
Dr. Elliot Strashin,CEO, President at Strashin Power Corporation
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”Through my years of working with PowerBank they have served as a cooperative and accommodating partner, ensuring that the highest standards of care and maintenance of solar power plants at our leased properties are operated. The Operations and Maintenance team at PowerBank is friendly, responsive, and swift to resolve any issues that arise.
Nick Ierfino ( BBA, CPA, CA)Founder at I&A Professional Corporation
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”PowerBank’s diligence and attentiveness to matters of legal compliance have seen the company successfully complete a vast range of transactions. Richard’s sense of responsibility to his partners and shareholders has led to an insistence on full compliance with the letter and intent of the law. In a highly regulated sector like renewable energy production, such a sense of integrity is a competitive advantage, allowing PowerBank to thrive in a competitive and growing industry.
Annette MacaroLegal Counsel
