Company providing complete suite of proprietary clean energy assessment solutions for commercial real estate industry, Correlate Infrastructure Partners Inc on April 11, 2022, announced completing the firm’s name change. The change from Triccar Inc. (OTCMKTS:TCCR) to Correlate Infrastructure Partners will be effective at the opening of trading from April 11, 2022.
Market Reaction
On Monday, TCCR stock soared 24% to $1.50 with more than 1.8K shares, compared to its average volume of 1.7K shares. The stock moved within a range of $1.5000 – 1.6000 after opening trade at $1.60.
The change reflects the firm’s business model as well as operational focus going forward. Most of the shareholders approved the name change.
CEO Todd Michaels said that the name change demonstrates Correlate’s Net Zero solution scope for owners of the property. Michaels added that it is open ecosystem providing support to industry partners across North America. Michaels said that the merger of the two companies, Loyal Enterprises LLC (dba Solar Site Design) and Correlate, Inc in December 2021 has led to rebranding and initiating investor relations awareness campaign.
The CEO added that he is excited on the potential of the future growth in the market, considering that just 3 percent of the buildings in US are optimised for sustainability, efficiency, electric vehicle support and renewable energy. Correlate Infrastructure Partners said that the firm is in active mode for acquisitions and is looking at updating shareholders as future milestones and events happen.
Key Quote
“This name change accurately reflects Correlate’s Net Zero solution scope for property owners while making it clear we are an open ecosystem supporting industry partners across North America,” said Company CEO Todd Michaels. “Since the merger of two operating companies, Correlate, Inc. and Loyal Enterprises LLC (dba Solar Site Design) in December 2021, the Company has aggressively moved to rebrand and initiate an investor relations awareness campaign. We are excited about the potential for future growth of the Company in this market given that only 3 percent of the buildings in the United States have been optimized for efficiency, sustainability, renewable energy and electric vehicle support.”
