{"id":724824,"date":"2023-01-20T16:33:08","date_gmt":"2023-01-20T21:33:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/isun-inc-settles-pending-litigation\/"},"modified":"2023-01-20T16:33:08","modified_gmt":"2023-01-20T21:33:08","slug":"isun-inc-settles-pending-litigation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/isun-inc-settles-pending-litigation\/","title":{"rendered":"iSun Inc. Settles Pending Litigation"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\">\niSun Inc. Settles Pending Litigation\n<\/p>\n<p class=\"bwalignc\"><i>iSun, Sass Peress and Renewz Sustainable Solutions agree on Settlement<\/i><\/p>\n<p>WILLISTON, Vt.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\niSun, Inc. (NASDAQ: ISUN) (the &#8220;Company,&#8221; or &#8220;iSun&#8221;), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, announced the settlement of the pending litigation initiated by Sass Peress.\n<\/p>\n<p><b>HIGHLIGHTS:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nAmicable resolution of all disagreements.\n<\/li>\n<li>\nNo additional consideration paid as a result of the settlement.\n<\/li>\n<li>\nRecognition of Sass Peress\u2019s contribution to iSun\u2019s EV Innovation.\n<\/li>\n<\/ul>\n<p>\n\u201cWhen we acquired iSun Energy, LLC in January of 2021, we embraced the innovative change pioneered by Sass Peress throughout his career in solar and e-mobility,\u201d said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. \u201cWe were able to leverage Sass\u2019s existing industry connections to drive our growth strategy forward. We also knew that the innovation acquired would allow iSun the opportunity to build new relationships in new geographic regions. As a Company, we appreciate the opportunity to have worked collaboratively with Sass and his team throughout 2021 and wish him all the success in his path forward. We are happy to settle all disagreements in an amicable manner as our goals of accelerating the transition to clean energy and fighting climate change were aligned from the beginning.\u201d\n<\/p>\n<p><b><span class=\"bwuline\">About iSun Inc.<\/span><\/b><\/p>\n<p>\nSince 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted service provider to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 600 megawatts of solar systems. The Company currently provides a comprehensive suite of solar services across residential, commercial, industrial &amp; municipal, and utility scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. Please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.isunenergy.com&amp;esheet=53288141&amp;newsitemid=20230120005477&amp;lan=en-US&amp;anchor=www.isunenergy.com&amp;index=1&amp;md5=b82e2f6718466427aaee8e5fff7a7aa2\">www.isunenergy.com<\/a> for additional information.\n<\/p>\n<p><b><span class=\"bwuline\">Forward Looking Statements<\/span><\/b><\/p>\n<p>\nThis press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as &#8220;may,&#8221; &#8220;should,&#8221; &#8220;expects,&#8221; &#8220;could,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;anticipates,&#8221; &#8220;estimates,&#8221; &#8220;believes,&#8221; &#8220;forecasts,&#8221; &#8220;predicts&#8221; or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.\n<\/p>\n<p>\nThe forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.\n<\/p>\n<p>\nAll forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230120005477r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230120005477\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230120005477\/en\/<\/a><\/span><\/p>\n<p>\niSun Investor Relations<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:IR@isunenergy.com\">IR@isunenergy.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Vermont<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Environment Utilities Alternative Energy Green Technology Energy Climate Change<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230120005477\/en\/1658803\/3\/2022_iSun-Logo_Orange_HighRes.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>iSun Inc. Settles Pending Litigation iSun, Sass Peress and Renewz Sustainable Solutions agree on Settlement WILLISTON, Vt.&#8211;(BUSINESS WIRE)&#8211; iSun, Inc. (NASDAQ: ISUN) (the &#8220;Company,&#8221; or &#8220;iSun&#8221;), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, announced the settlement of the pending litigation initiated by Sass Peress. HIGHLIGHTS: Amicable resolution of all disagreements. No additional consideration paid as a result of the settlement. Recognition of Sass Peress\u2019s contribution to iSun\u2019s EV Innovation. \u201cWhen we acquired iSun Energy, LLC in January of 2021, we embraced the innovative change pioneered by Sass Peress throughout his career in solar and e-mobility,\u201d said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. \u201cWe were &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/isun-inc-settles-pending-litigation\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;iSun Inc. Settles Pending Litigation&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-724824","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>iSun Inc. Settles Pending Litigation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/isun-inc-settles-pending-litigation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"iSun Inc. Settles Pending Litigation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"iSun Inc. Settles Pending Litigation iSun, Sass Peress and Renewz Sustainable Solutions agree on Settlement WILLISTON, Vt.&#8211;(BUSINESS WIRE)&#8211; iSun, Inc. (NASDAQ: ISUN) (the &#8220;Company,&#8221; or &#8220;iSun&#8221;), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, announced the settlement of the pending litigation initiated by Sass Peress. HIGHLIGHTS: Amicable resolution of all disagreements. No additional consideration paid as a result of the settlement. Recognition of Sass Peress\u2019s contribution to iSun\u2019s EV Innovation. \u201cWhen we acquired iSun Energy, LLC in January of 2021, we embraced the innovative change pioneered by Sass Peress throughout his career in solar and e-mobility,\u201d said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. \u201cWe were &hellip; Continue reading &quot;iSun Inc. 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