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TICKERS: UGE; UGEIF

Solar Energy Firm Reports Achieving Project Milestones
News Update

Source:

For this company, 2018 has been busy with installations.

UGE International Ltd. (UGE:TSX.V; UGEIF:OTC) announced in a news release it recently "achieved substantial completion" of projects in each of its three key markets: the U.S., Canada and the Philippines.

"When 2018 is complete, we will have installed our largest-ever annual volume of solar projects, taking our cumulative total over 380 megawatts," Chief Operating Officer Ed Steins said in the release.

In Canada, UGE finished the first two sites of the 15-site Peterborough project, and should wrap up two more next week.

In the U.S., the company finished two of three rooftop installations in Massachusetts and the last of a four-part portfolio in Minnesota.

Finally, in the Philippines, UGE completed its largest project to date there, a 1.4 megawatt system for Nature's Spring Mineral Water in Bulacan, last week. The solar solutions company also finished a rooftop system for Toys by Robin last month.

An upcoming catalyst for UGE, expected in Q1/19, is its completing the Peterborough contract. Also next year, the company will commence work on additional projects in the pipeline in the Philippines and the U.S.

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