Vancouver, British Columbia--(Newsfile Corp. - April 23, 2025) - Stardust Solar Energy Inc. (TSXV: SUN) (the "Company" or "Stardust Solar") is pleased to announce an expansion into Canada's largest metropolitan market with the award of a new franchise in North York, Ontario. Local entrepreneur Nicole Khaitman has joined the Stardust Solar network, investing in launching this new franchise, strengthening the Company's presence in the highly coveted Greater Toronto Area (GTA).
Strategic Market Entry Fuels Growth Momentum
This strategic expansion brings Stardust Solar's North American network to 87 franchise territories and establishes an important foothold in Canada's most populous region - home to over seven million residents and a substantial residential and commercial energy demand.
"Entering North York positions us as one of Canada's largest market, where the appetite for clean-energy solutions is accelerating," said Mark Tadros, Founder & CEO of Stardust Solar. "Nicole's passion for sustainability and her deep community ties make her the ideal partner to deliver affordable solar, storage, and EV-charging solutions to GTA homeowners and businesses."
Management believes that North York's unique blend of dense residential neighborhoods and commercial corridors creates an optimal environment for Stardust Solar's turnkey renewable energy systems, particularly as Ontario's net-metering incentives and rising electricity rates drive increased adoption.
Franchise Network Powers Growth
The North York territory expansion underscores Stardust Solar's broader strategic growth initiatives, which recently include:
- Acquisition of 49 U.S. territories through the strategic Solar Grids Development LLC asset purchase;
- New franchise launches in high-growth markets including Dallas-Fort Worth, Texas, and Florida;
- Project backlog exceeding $2 million in signed contracts for solar and energy storage installations set to commence in spring 2025 across the Company's franchise network; and
- Key strategic partnerships, such as its distribution agreement with Tesla for the Powerwall energy storage solution.
Management believes these achievements position the Company to surpass 100 total territories and accelerate growth throughout 2025.
"I'm thrilled to bring Stardust Solar's proven model to my hometown," said Nicole Khaitman. "By tapping into the Company's comprehensive training, engineering, and marketing support, we believe that we can help North York families lower utility costs while contributing to a cleaner grid."
About Stardust Solar:
Stardust Solar is a North American franchisor of renewable energy installation services, specializing in solar panels (PV), energy storage systems, and electric vehicle supply equipment. The Company equips entrepreneurs with branded business management services, cutting-edge equipment, and comprehensive support, including marketing, sales, engineering, and project management. With franchises across Canada and the United States, Stardust Solar drives the adoption of clean energy solutions that boost economic development and create a more sustainable future.
Media and Investor Contacts:
Steve Rickaby
Communications and Investor relations
Phone: 1-672-472-1345
Email: steve@stardustsolar.com
Website: www.stardustsolar.com
Disclaimer:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release.
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward-looking statements, including statements relating to the Company's business plans and expected future growth, expected franchise expansions, the outlook of future operations, revenue growth, new opportunities and the demand for the Company's products. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, the Company disclaims any intention. It assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249416
SOURCE: Stardust Solar Energy Inc.
