May 25, 2010 – RED BANK, NJ - 5/25/10 - TGI Solar Power Group (TSPG), provider of solar and other clean technology products and solutions, announced today that it signed a Letter to Intent to acquire GreenRG Management.
Terms of the agreement shall be subject to the execution of a definitive merger agreement and related documents and satisfactory completion of due diligence. The two companies are currently working on PPA agreements.
"We were very impressed with Green RG’s backlog of contracts, personnel and technically advanced product line,” said Henry Val, CEO of TGI Solar.
"We believe that TGI’s on-going business opportunities and access to public markets allows GreenRG to achieve quickly achieve long-term goals,” said Alfred Heyer, Managing Partner of GreenRG Management.
About GREENRG MANAGEMENT.
GreenRG Management is a New Jersey based company, specializing in dimmable LED lighting, solar installations, daylight harvesting and radiant barriers using window film insulation.
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