ALBUQUERQUE, N.M., Nov. 18, 2024 (GLOBE NEWSWIRE) — ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a global leader in solar tracker technology, is proud to announce its strategic $3 million investment in Swap Robotics, a pioneer in utility-scale solar robotic operations, maintenance, and automation solutions. This investment aligns with ARRAY’s ongoing commitment to innovation, sustainability, and its goal of future-proofing the business through new growth opportunities.ARRAY Technologies (NASDAQ: ARRY) is a leading global renewable energy company and provider of utility-scale solar tracking technology. Engineered to withstand the harshest conditions on the planet, ARRAY’s high-quality solar trackers and sophisticated software maximize energy production, accelerating the adoption of cost-effective and sustainable energy. Founded and headquartered in the United States, ARRAY relies on its diversified global supply chain and customer-centric approach to deliver, commission, and support solar energy developments around the world, lighting the way to a brighter, smarter future for clean energy. For more news and information on ARRAY, please visit arraytechinc.com. Swap Robotics is a leading robotics company for utility-scale solar construction, operations and maintenance. In the O&M phase, Swap robots address what can be the single largest line-item expense for utility scale solar sites: managing the vegetation. Both the hardware and software of Swap’s 100% electric robotics platform is designed and built in-house. Having pioneered the world’s first 100% electric “rough cut” and offsetable cutting decks, Swap robots cut the vegetation on thousands of acres of solar sites. The Swap robotics platform can also address the single biggest labor expense in the EPC phase: laying solar panels. Swap’s practical approach is the result of Swap staff and robots having worked on solar sites for years. Swap Robotics has investments from several global leaders in the solar industry, including one of U.S.’s top three largest solar EPC’s and O&M’s, as well as some of the largest solar asset owners and solar vegetation management companies in the United States. Swap’s ten-year goal is to be the clear world leader in utility-scale solar robotics. Swap is on a mission to speed the clean energy transition through becoming the leading outdoor work robotics platform.This press release contains forward-looking statements. These statements are not historical facts but rather are based on the Company’s current expectations and projections regarding its business, operations and other factors relating thereto. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates” and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors. Forward-looking statements should be evaluated together with the risks and uncertainties that affect our business and operations, particularly those described in more detail in the Company’s most recent Annual Report on Form 10-K and other documents on file with the SEC, each of which can be found on our website www.arraytechinc.com. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.Nicole Stewart
505.589.8257
[email protected] Erb
[email protected] Technologies, Inc.
Investor Relations
[email protected]
(GlobeNewsWire)