RGS Energy Surpasses $36 Million in Written Reservations for POWERHOUSE™, Adds Second Plastic Molding Manufacturer to Meet Growing Demand
REAL GOODS SOLAR (RGSE)
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Source: GlobeNewswire
DENVER, June 28, 2018 (GLOBE NEWSWIRE) -- RGS Energy (NASDAQ:RGSE), the exclusive worldwide manufacturer of the POWERHOUSE™ solar shingle system, entered into a partnership agreement with Revere Plastic Systems, LLC, one of the nation’s top injection molders, to bolster its POWERHOUSE™ supply chain to meet increasing customer demand. Revere Plastic Systems has agreed to dedicate resources required to support up to $138 million in estimated annual POWERHOUSE™ revenue. “Having met with the RGS team, seeing the POWERHOUSE™ product firsthand, and understanding the huge market potential,” said Glen Fish, Revere Plastic Systems CEO, “we are delighted that RGS has asked us to dedicate resources, so that POWERHOUSE™ can be launched to achieve first-mover advantage in the solar shingle marketplace. We believe our financial strength and reputation will enhance the POWERHOUSE™ supply chain. Beyond that, we believe as the POWERHOUSE™ line evolves, our design and engineering expertise will pr
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