01:16:28 EDT Thu 23 Sep 2021
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Victory Square Technologies Inc
Symbol VST
Shares Issued 96,386,043
Close 2021-07-12 C$ 0.56
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Victory Square portfolio unit becomes SunPower dealer

2021-07-12 12:37 ET - News Release

Mr. Shafin Tejani reports


Victory Square Technologies Inc.'s portfolio company Stardust Solar has become the first and only coast-to-coast authorized Canadian dealer of the highly sought after solar and energy services provider SunPower. As an authorized SunPower dealer, Stardust will offer its SunPower solar solutions to residential customers, including SunPower's DC solar panels and InvisiMount mounting hardware for faster installation and design.

A solar leader since 1985 with over 360,000 homeowners powering their homes with SunPower systems, California-based SunPower is a vertically integrated provider of the world's leading solar systems. SunPower's solar panels are the most efficient, durable and best looking available in the industry, supported under one comprehensive warranty. Leading public and private companies have chosen SunPower to provide solar cells, including thousands of respected companies in technology, education and government, among others.

"Stardust Solar plays an important role in growing solar adoption in Canada. We are excited to welcome them into the SunPower fold and be a part of helping more homeowners go solar," said Tony Garzolini, vice-president of sales at SunPower.

This agreement is a game changer for Stardust Solar as it continues its rapid growth throughout the Canadian marketplace. The company now has over eight distribution channels from coast to coast in Canada.

"We are honoured to represent SunPower across Canada. SunPower will be game-changing for our business and for homeowners," said Mark Tadros, chief executive officer of Stardust. "Until now, Canadians weren't afforded many options in their search for solar products, and education around solar power efficiencies, product choices, options and the solar lifestyle savings were minimal at best."

Victory Square chief executive officer Shafin Diamond Tejani said: "We congratulate Mark and his team at Stardust Solar on becoming the first authorized dealer of SunPower solar technology products across Canada. This strategic business decision positions our portfolio company to further capture market share and continue its month-over-month growth increase here in Canada and beyond."

Stardust is changing the solar landscape in Canada. With a network of solar training centres across North America, Stardust Solar is already widely regarded as the leader in solar education, now having certified over 2,000 solar installers across Canada and the United States. With a growing list of franchise locations across Canada, Stardust leans on its background to educate homeowners about important key differences in solar products and their warranties, and offers choices when purchasing life-changing solar equipment, including SunPower. For the first time, homeowners in Canada are afforded the opportunity to make an empowered choice about solar, with the option to choose the premium, high-efficiency solar system from Stardust Solar's new line of residential SunPower solar products.

"Solar is the future, today. Stardust Solar technology literally changes lives. Owners of our Stardust Solar equipment quickly realize that solar power is much more than saving money and healing the planet. It's about producing clean energy and reducing one's carbon footprint today and well into the future," continued Mr. Tadros.

About Victory Square Technologies Inc.

Victory Square builds, acquires and invests in promising start-ups, then provides the senior leadership and resources needed to fast track growth. The result: rapid scale-up and monetization, with a solid record of public and private exits.

Victory Square's sweet spot is the cutting-edge tech that is shaping the fourth industrial revolution. Its portfolio consists of 20 global companies using artificial intelligence, virtual reality/augmented reality and blockchain to disrupt sectors as diverse as financial technology, insurance, health and gaming.

What Victory Square does differently for start-ups

Victory Square is not just another investor. With real skin in the game, it is committed to ensuring each company in its portfolio succeeds. Its secret sauce starts with selecting start-ups that have real solutions, not just ideas. The company pairs you with senior talent in product, engineering, customer acquisition and more. Then the company lets you do what you do best -- build, innovate and disrupt. In 24 to 36 months, you will scale and be ready to monetize.

What Victory Square does differently for investors

Victory Square is a publicly traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSQTF).

For investors, the company offers early stage access to the next unicorns before they are unicorns. The company's portfolio represents a uniquely liquid and secure way for investors to get access to the latest cutting-edge technologies. Because the company focuses on market-ready solutions that scale quickly, it is able to provide strong and stable returns while also tapping into emerging global trends with big upsides.

We seek Safe Harbor.

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