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Array Technologies Diversifies World-wide Provide Chain with POSCO | Your Revenue

ALBUQUERQUE, N.M., Sept. 02, 2021 (Globe NEWSWIRE) — Array Systems (NASDAQ: ARRY) (“Array”), one particular of the world’s most significant manufacturers of ground-mounted units utilised in photo voltaic vitality initiatives, right now declared it has entered into a multi-calendar year provide arrangement with POSCO, a person of the world’s major steelmakers, to diversify and strengthen its global provide chain. Array will now have entry to POSCO’s proprietary PosMAC® material, an alloy coated corrosion resistant steel. POSCO will cooperate with a Korean nearby fabricator to transform the items into factors for use at Array’s world-wide solar project web pages. POSCO’s South Korean headquarters will place Array to provide clients in the U.S., Australia, and other emerging photo voltaic marketplaces a lot more proficiently with a secure provide.

“The arrangement with POSCO is indicative of our capability to reliably provide our world purchaser foundation with the maximum excellent materials,” claimed Stuart Bolland, Main Functions Officer of Array. “This strategic partnership will help us to minimize trucking mileage to West Coast of the U.S. undertaking web sites and ultimately bring better flexibility and resilience to our offer chain. Further, we are thrilled to provide our customers a superior item in the PosMAC® corrosion resistant technology and companion with a corporation that shares our motivation to ESG values.”

PosMAC® has anti-corrosive and anti-sand erosion qualities that make it resistant to chemical compounds, purple rust and several alternatives encountered in the steelmaking machine process.

“As the first Asian steelmaker to commit to carbon neutrality, POSCO is using initiative to make clear electricity infrastructure and transfer toward a new electrical power era. We are thrilled to be a supplier of choice for Array, an proven leader in the renewable energy house,” mentioned Sanggyun Kim, Head of Development Steel Components Advertising Business of POSCO. “We think this fruitful partnership will showcase the quite a few added benefits of our manufacturing system and the pros of our merchandise. We glance ahead to staying a meaningful contributor to Array’s state-of-the-art solar tracking.” 

About Array Technologies, Inc. 

Array Systems (NASDAQ: ARRY) is a major world-wide engineering company offering tracker solutions and services for utility-scale solar electrical power projects as a single of the world’s greatest brands of floor-mounted methods. With economical set up and terrain overall flexibility coupled with superior trustworthiness, toughness, and functionality, Array provides a decreased levelized cost of strength. The Company’s aim on innovation, put together with its purchaser-centric technique, has served attain some of the industry’s greatest returns. Array Systems is headquartered in the United States with workplaces in Europe, Central The united states, and Australia. Make contact with us at  arraytechinc.com  or view our  LinkedIn  page. 

Forward Looking Statements This push release incorporates ahead searching statements. These statements are not historical facts but relatively are based on the Company’s existing anticipations and projections regarding its company, operations and other factors relating thereto. Terms this kind of as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates” and equivalent expressions are applied to determine these ahead hunting statements. These statements are only predictions and as this sort of are not guarantees of foreseeable future performance and contain dangers, uncertainties and assumptions that are tricky to predict. Precise results may possibly vary materially from those people in the ahead on the lookout statements as a outcome of a variety of things.

Media Contact: James McCusker 203-585-4750 [email protected]

Investor Relations Call: 505-437-0010 [email protected]

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