Thermo Credit Provides Acquisition Financing for H/Cell Energy
NEW ORLEANS: Thermo Credit, LLC (“Thermo Credit”) announced today that it has extended financing in the form of a $350,000 asset-based loan to H/Cell Energy Corporation (“HCCC”), a company that designs and implements clean energy solutions featuring hydrogen energy systems. The lending facility was utilized to finance an acquisition that expands the geographic reach, technical services capability and customer base for HCCC.
Seth Block, Executive Vice President of Thermo Credit, commented, “Thermo Credit is excited to branch out into renewable energy and provide HCCC the financing needed to support their acquisition strategy. As HCCC continues to grow with their leading edge clean energy technology, we look forward to serving the company as their financial partner for future acquisitions.”
Matthew Hidalgo, CFO of HCCC, commented, “HCCC had several options for financing but chose Thermo Credit due to their competent and responsive management team. Working with Thermo Credit is a relatively easy process. The company was flexible in meeting the financing needs for our organization. We were pleased with the process and look forward to engaging Thermo Credit for future acquisition opportunities.”
About Thermo Credit, LLC
Thermo Credit is a privately held funding company that provides asset based loans, accounts receivable financing and factoring services and specializes in the technology and communications industries. Thermo Credit serves established, well-run companies that need capital to expand their business, improve their operations or fund an acquisition. For more information, visit www.thermocredit.com or contact Seth Block at 504-620-3101.
About H/Cell Energy Corporation
H/Cell Energy Corporation is an integrator that focuses on the design and implementation of clean energy solutions including solar, battery, fuel cell and hydrogen generation systems. In addition, through its subsidiaries, HCCC also provides environmental systems and security systems integration. HCCC serves the residential, commercial and government sectors. Please visit our website at www.hcellenergy.com for more information.
Forward Looking Statements:
Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. These forward-looking statements are based on current expectations and actual results could differ materially. H/Cell Energy Corporation does not undertake an obligation to update or revise any forward-looking statement. The information set forth herein speaks only as of the date hereof.