- Triccar Inc. completed the acquisition of Correlate Inc. and Loyal Enterprises LLC (dba Solar Sight Design) in December last year, setting the wheels in motion for a rebrand
- In a recent news release, the company announced a majority of its shareholders had consented to a name change that will see Triccar Inc. rebrand as Correlate Infrastructure Partners as well as adopt a new symbol, subject to approvals
- The combined company conflates related services that position Correlate Infrastructure Partners to tap into the portfolio energy optimization market, which is valued at $290 billion
- Only 3% of the buildings and infrastructure in the United States are optimized for efficiency, sustainability, renewable energy, and EV support, representing a huge gap that Correlate Infrastructure Partners intends to exploit and grow as a result
Following the late December closing of two acquisitions, Correlate, Inc. and Loyal Enterprises LLC (dba Solar Sight Design), Triccar Inc. embarked on a journey to revamp its brand to better reflect the combined company’s business model and focus moving forward. The journey required consultations with its shareholders as well as the involvement of relevant regulatory and marketplace authorities. Accordingly, in a February 18 news release (https://ibn.fm/9ci5x), the company announced that a majority of its shareholders had, through written consent, approved a name change from Triccar Inc. to Correlate Infrastructure Partners (OTCQB: CIPI).
As a result, the company filed a Form 14C Information Statement with the Securities and Exchange Commission (“SEC”) and mailed out the 14C statement to all its shareholders. The company expects to officially change its name to Correlate Infrastructure Partners as well as its ticker symbol upon receiving final approvals from the relevant regulatory and marketplace authorities.
“Since the December 2021 merger of two operating companies, Correlate Inc. and Loyal Enterprises LLC (dba Solar Site Design), the company has been aggressively moving to conclude its rebranding, revised web site, investor presentation material, and initiating an investor relations awareness campaign,” commented company CEO Todd Michaels.
Todd further expressed excitement at the potential for growth moving forward, especially given that only 3% of the buildings and infrastructure in the U.S are optimized for building efficiency, sustainability, renewable energy, and EV support. The December acquisition, therefore, created a company that can now foray into this space, fill the gaps that may have led to the low optimization rate, and tap into the multi-billion-dollar portfolio energy optimization market. According to the Rocky Mountain Institute, a nonprofit organization working to enhance the clean energy transition, this market has a net present value of $290 billion (https://ibn.fm/Pjagb).
The merger conflated two related services: Correlate Inc.’s portfolio-scale development and finance platform, which provides commercial and industrial buildings access to clean solutions oriented toward locally-sited solar, EV infrastructure, energy storage, and smart efficiency measures, and Solar Site Design’s customer acquisition and project development tools for the commercial solar industry. As a result, it created a new data-driven, tech-enabled project development and finance platform aimed at helping industrial and commercial real estate owners augment their net operating income. With the platform, Correlate Infrastructure Partners will provide both portfolio energy optimization and sustainable profit growth for buildings in the United States (https://nnw.fm/xgl4G). (https://ibn.fm/U1c2i).
“Correlate [Infrastructure Partners] is a portfolio-scale real estate platform that strives to eliminate the barriers faced by property owners in the pursuit of energy optimization and sustainability goals. Our unique membership platform reduces friction between portfolio managers and service providers by unleashing stakeholders from spreadsheets, vendor fatigue, and any need for upfront capital investment to increase building net operating income,” explains the company’s revamped website (https://ibn.fm/9W1iX).
Meanwhile, Correlate Infrastructure Partners expects to file its annual report on Form 10-K on or about March 30. In addition, and according to Todd, the company is in an active acquisition mode throughout 2022 and will update its shareholders accordingly as events unfold.
For more information, visit the company’s website at www.CorrelateInfra.com.
NOTE TO INVESTORS: The latest news and updates relating to CIPI are available in the company’s newsroom at https://ibn.fm/CIPI
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