Premier Holding Corporation (OTCMKTS:PRHL) said on Friday it has signed an agreement with Sustainability Partners to generate sales and help grow their business through its subsidiary, Energy Efficiency Experts (E3).
Sustainability Partners has an industry-disrupting alternative to the painful cycle of RFI, RFP, budgeting, financing, bond, taxes, rental, PPAs, leases and shared savings arrangements. Their model provides sustainability in a similar fashion as utility companies provide power... on a month-to-month service agreement.
SP pays for 100% of materials and installation while continually providing maintenance, upgrades, and eventual replacements as newer, better technology arrives. This simple, utility-structured SaaS® agreement gives customers high impact solutions with no cash outlay, no institutional guarantees, and no security interests or collateral, thereby strengthening the financials by reducing debt, reserves and operating costs on a continuing basis.
"This agreement with SP is a natural fit for our company, and we have turned our entire ship around to promote the unique and extremely well-funded SP model. We believe their distinct method for providing 'sustainability-as-a-service' will change the industry in the same way Uber and Airbnb have changed those industries,” said President and CEO of Premier, Randall Letcavage.
“We are honored to be among the few companies SP has contracted with to launch this amazing, game-changing business. With the backing they have, and the approach we are taking together, we are equally excited about our future prospects. We have already brought them a number of large hospital and municipal prospects."