UGE International Presenting at April’s Planet MicroCap Showcase: VEGAS 2023

TORONTO, ON / ACCESSWIRE / April 20, 2023 / UGE International Ltd. (TSXV:UGE)(OTCQB:UGEIF) (the "Company" or "UGE"), a leader in the commercial and community solar sector, announces that CEO Nick Blitterswyk will present at the Planet MicroCap Showcase: VEGAS 2023 on Wednesday, April 26, 2023 at 11am PT / 2pm ET. Mr. Blitterswyk will host 1x1 investor meetings throughout the day on Thursday, April 27, 2023.

"2022 was a banner year for UGE, as we expanded our project backlog from 148 megawatts at the beginning of the year to 260 megawatts as we entered 2023 and 313 megawatts as of March 31," said UGE CEO Nick Blitterswyk. "Already in 2023, we have set significant new project milestones, and expect our operating portfolio to grow almost 10X this year. Passing of the Inflation Reduction Act in the U.S. has provided a significant tailwind for the next decade or more, in an industry that was already scaling rapidly. I look forward to discussing UGE's outlook and opportunities with investors attending the Planet MicroCap Showcase: VEGAS 2023."

To access UGE International's Planet MicroCap Showcase: VEGAS 2023 live presentation:

Date: Wednesday, April 26, 2023
Time: 11am PT / 2pm ET
Webcast: https://www.webcaster4.com/Webcast/Page/2963/48039

ABOUT UGE

UGE develops, owns, and operates commercial and community solar projects in the US and strategic markets abroad. Our distributed energy solutions deliver cheaper, cleaner energy to businesses and consumers with no upfront cost. With over 500MW of global experience, we work daily to power a more sustainable world. Visit us at www.ugei.com. For more information, contact UGE at: investors@ugei.com or +1 917 720 5685.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the control of the Company. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Forward-looking statements include, but are not limited to, the expectation that a second tranche of the Offering will close by the end of April 2023; the expectation that the Company will repay the Green Bonds in full, including any accrued and unpaid interest, at the Maturity Date; the expectation that, commencing on the date that is two years following their issuance date, and ending on the Maturity Date, the Company will have the option to repay all or any portion of the outstanding principal and accrued interest on the Green Bonds at the end of each calendar month by paying one additional months' interest to the holder; the expectation that the Company will maintain a minimum coverage ratio of the value of the Secured Projects equal to 150% of the aggregate amount of obligations outstanding under the Green Bonds; the expectation that the Proceeds will be utilized for the development of solar and energy storage projects of UGE and its subsidiaries; the expectation that the Green Bonds will be subject to a four month hold period from their date of issuance; and the Company's intention to seek to list the Green Bonds for trading on the Exchange after the four month hold period expires, on a best efforts basis.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the ability of the Company to close a second tranche of the Offering by the end of April 2023; the ability of the Company to repay the Green Bonds in full, including any accrued and unpaid interest, at the Maturity Date or earlier; the ability of the Company will maintain a minimum coverage ratio of the value of the Secured Projects equal to 150% of the aggregate amount of obligations outstanding under the Green Bonds; the ability of the Company to use the Proceeds as stated; and the Company's ability to list the Green Bonds for trading on the Exchange after the four month hold period expires.

Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Contact Information

Visit us at www.ugei.com. For more information, contact UGE at: investors@ugei.com or +1 917 720 5685.

Nick Blitterswyk
Chief Executive Officer
1 (917) 720-5683
nick.blitterswyk@ugei.com

About Planet MicroCap

Planet MicroCap is a global multimedia financial news, publishing and events company focused on news dissemination, providing information, data and analytics for the MicroCap investing community. We have cultivated an active and engaged audience of folks that are interested in learning about and to stay ahead of the curve in the MicroCap space.

If you would like to book 1x1 investor meetings with UGE International's CEO Nick Blitterswyk and to attend the Planet MicroCap Showcase: VEGAS 2023, please make sure you are registered here: https://planetmicrocapshowcase.com/signup

1x1 meetings will be scheduled and conducted in person at the conference venue in LAS VEGAS.

The Planet MicroCap Showcase: VEGAS 2023 website is available here: https://planetmicrocapshowcase.com/

If you can't make the live presentation, all company presentations "webcasts" will be available directly on the conference event platform on this link under the tab "Agenda": https://planetmicrocapshowcase.com/agenda

News Compliments of Accesswire

SOURCE: UGE International via SNN Network