Three Sixty Solar Identified as Preferred Clean Energy Supplier

Three Sixty Solar Ltd. a growing venture focused on innovative solar equipment supply to the global marketplace, is pleased to announce that its distribution partner, Archer Cleantech Inc. (“Archer”), has signed a Letter of Intent (the “LOI”) with Managed Film Studios (“MFS”), identifying the Company’s technology as a preferred solution for clean energy supply.

Key Points:
• Three Sixty Solar’s distribution partner, Archer, has signed Agreements with Film Studios.
• MFS intends to install clean energy solutions on planned new construction and retrofitted designs to existing operating film studios.
• Preliminary discussions envision adding 6.8MW of Renewable Power, utilizing eight 200KW solar towers co-located with additional generation equipment at each MFS location over the next 18 months.

Brian Roth, CEO of Three Sixty Solar added, “I’m thrilled that our partnership with Archer has helped them to offer a unique solution to MFS. I believe that our compact use of land for power generation and the ability to leverage the vertical structure for additional uses like lighting, surveillance, rigging, heating, cooling, energy storage and other purposes, will lead to the installation of our solar towers at film sites around the globe. I can’t wait to support both Archer and MFS in the months ahead.”

As previously released, Three Sixty Solar has a Distribution Agreement with Archer, whereby Archer has the rights to promote, sell, and work with the Company to deliver vertical solar towers packaged into Archer’s energy solutions. On January 30, 2023, Archer and MFS signed the LOI, stating that, “MFS intends to utilize Archer as the preferred supplier of clean and ‘alternate’ energy solutions specifically, but not limited to, Three Sixty Solar Towers, off-grid utility interconnections, energy storage systems, energy backup power systems, telecom, and EV charging across North America developments”. Per the LOI, Archer is granted first right of refusal to propose its energy solutions for MFS’s North American studio developments to meet or exceed MFS’s energy requirements.

A statement from the directors of MFS-One (a subsidiary of MFS): “We are very pleased and excited about the technology solutions Archer is bringing to the table to help us develop and operate studios on 100% renewable energy. Specifically, the high density, mixed utility, co-located vertical solar towers will take the spotlight as a solution to many of our site challenges.”

Asked about the LOI, Andrew Sills, COO of Archer, said, “Three Sixty Solar technology has helped us differentiate our energy solutions and enables us to propose several unique advantages for the film studio environment. We believe this technology plays a large role in us being able to confidently engage with providing telecommunications and utility power on a dense footprint. It also allows us to deploy key infrastructure inside the solar tower. All these benefits were key to us receiving the first right of refusal from MFS on their many projects.”