BURLINGTON, Vt.--(BUSINESS WIRE)--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
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