The Peck Company Holdings Provides Additional COVID-19 Update Stating it’s Back to 100% Working Capacity and No Contract Cancellations – Odessa American

BURLINGTON, Vt.–(BUSINESS WIRE)–Jun 25, 2020–

The Peck Company Holdings, Inc. (NASDAQ: PECK ) (the “Company” or “Peck”), a leading commercial solar engineering, procurement and construction (EPC) company, is pleased to provide a second update regarding Peck’s response to the COVID-19 pandemic.

Despite the uncertain conditions of the ongoing COVID-19 pandemic, Peck continued to provide service and maintenance in support of critical infrastructure including utilities and telecommunications. On May 1, 2020, Vermont Gov. Phil Scott announced steps to reopen some of Vermont’s pandemic-stricken economy if safety requirements were met. If additional safety measures were implemented by certain companies, including Peck, then full capacity could be resumed by May 11, 2020. Given Peck’s commitment and efforts with its safety program, the Company has been able to resume 100% operations for our field staff while continuing to offer remote work options to our office personnel.

The Peck Company Holdings Chief Executive Officer, Jeffrey Peck, commented, “As a Company with an almost 50 year history, the last few months have been an extraordinary and challenging moment that was impossible to foresee. We prioritized the health and safety of our employees, worked diligently to support our long-term customers and vendors and adhered to the guidance provided by the State of Vermont. Fortunately, we are slowly beginning our transition back to normalcy in our business environment. Moreover, our ongoing projects have resumed operations and are nearing completion. We have several projects that were delayed due to the pandemic but we do anticipate receiving notice to proceed in the near future. We believe that many factors have contributed to our perseverance through difficult times in the past and present and can also provide confidence for the future. The combination of the solar industry’s resilience, our fiscal responsibility, our strong customer relationships, and the tenacity of our employees to complete the projects that we start are all reasons for all of us at Peck to be proud and grateful.”

Peck has an active pipeline of solar projects over $40 million and anticipates that any project delays from mandatory work restrictions during COVID-19 will shift into workflows later this year if the Company is allowed to remain at full capacity in the field.

About The Peck Company Holdings, Inc.

Headquartered in South Burlington, VT, The Peck Company Holdings, Inc. is a 2nd-generation family business founded in 1972 and rooted in values that align people, purpose, and profitability. Ranked by Solar Power World as one of the leading commercial solar contractors in the Northeastern United States, the Company provides EPC services to solar energy customers for projects ranging in size from several kilowatts for residential properties to multi-megawatt systems for large commercial and utility scale projects. The Company has installed over 125 megawatts worth of solar systems since it started installing solar in 2012 and continues its focus on profitable growth opportunities. Please visit www.peckcompany.com for additional information.

Forward Looking Statements

This 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 “may,” “should,” “expects,” “could,” “intends,” “plans,” “anticipates,” “estimates,” “believes,” “forecasts,” “predicts” 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.

The 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.

All 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200625005141/en/

CONTACT: Michael d’Amato

IR@peckcompany.com

p802-264-2040ClearThink

nyc@clearthink.capital

KEYWORD: UNITED STATES NORTH AMERICA VERMONT

INDUSTRY KEYWORD: TELECOMMUNICATIONS COMMERCIAL BUILDING & REAL ESTATE UTILITIES CONSTRUCTION & PROPERTY ALTERNATIVE ENERGY ENERGY TECHNOLOGY RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: The Peck Company Holdings, Inc.

Copyright Business Wire 2020.

PUB: 06/25/2020 08:30 AM/DISC: 06/25/2020 08:30 AM

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