Three Sixty Solar Ltd (OTCMKTS:VSOLF) Stock In Focus After Inking US Distribution Agreement
Innovative alternative energy, manufacturing, designing and sales firm Three Sixty Solar Ltd (OTCMKTS:VSOLF) is focused on supplying solar equipment to the worldwide marketplace. Yesterday the company announced that it had signed a distribution agreement with Rustin Industries LLC for the United States and global markets.
Trading Data
On Tuesday, VSOLF stock decreased 0.17% to $0.6390 with more than 128.04K shares traded, compared to volume of 292.53K shares. The stock moved within a range of $0.6081 – 0.6773 after opening trading at $0.6420.
Three Sixty Solar Inks US Distribution Agreement
In light of the announcement, it could be a good time to take a look at some of the key points of the deal. It is a partnership in which Three Sixty Solar would team up with Rustin for the purpose of marketing, promoting and selling solar tower systems in the United State and in the rest of the world.
Rusting Industries is now poised to successfully bag projects in the summer of this year. The two companies are planning to complete a number of deployments over the course of the upcoming months. Brian Roth, the Chief Executive Officer of Three Sixty Solar, spoke about the development as well.
He noted that the prospect of partnering with Rusting Industries was an incredibly exciting prospect. He went on to add that he was personally thrilled to have tied up this partnership. The formal distribution agreement went into effect on May 3, 2023.
