SAN DIEGO, Dec. 30, 2015 /CNW/ -- OneRoof Energy, Inc. ("OneRoof" or the "Company"), a residential solar services provider and wholly owned subsidiary of OneRoof Energy Group, Inc. ("OneRoof Energy") (TSXV: ON) today announced the appointment of Robert Martorano, Jr. as executive vice president of capital markets. Martorano will report to David Field, OneRoof Energy's president and chief executive officer.
"Rob brings a unique understanding of project finance, capital markets and other key disciplines to OneRoof Energy as the company embarks upon its next stage of growth," commented David Field. "We are excited to welcome Rob to the management team and look forward to building upon OneRoof Energy's solid foundation of offering customers even more unique finance options as they choose solar power for their homes."
Martorano joins OneRoof Energy from Citigroup Global Markets, a leader in renewal energy finance services, where he was the director for alternative energy finance focused on the structuring and syndication of tax equity for wind and solar transactions. Prior to Citibank, Martorano was the president and founding partner of Meridian Asset Finance LLC, which structured tax advantaged financing for alternative energy projects including solar, wind, hydro and fuel cells. Before founding Meridian, Martorano held the position of managing director and Americas group head of asset financing and leasing for Deutsche Bank Securities, Inc. for more than 15 years. During his tenure at Deutsche Bank, Martorano originated, structured and executed asset finance transactions that provided accounting, tax and regulatory advantaged financing to client companies. In addition, he developed regulatory structures that were used in the utility, banking and insurance industries, coordinated the bank's internal risk and impact analysis of all aspects of financings, including credit, legal, tax, accounting and regulatory, and maintained primary oversight over the group's $1B investment portfolio.
"I have had numerous opportunities in my career to work in various aspects of the complex energy industry, but residential solar has always excited me," stated Martorano. "OneRoof Energy's mission to accelerate clean energy adoption and provide the best customer experience was instrumental to my decision to join the company. I look forward to building on OneRoof Energy's solid foundation as one of the leaders in the residential solar industry market."
About OneRoof Energy
OneRoof Energy, Inc., a wholly-owned subsidiary of OneRoof Energy Group, Inc., is a complete solar services provider offering homeowners everything from traditional and lease financing, PPAs, solar system design and installation project management to ongoing system monitoring and maintenance services. Utilizing its technology-rich, solar leasing fulfillment platform, OneRoof is partnering with traditional residential solar originators, energy retailers and home services companies of all sizes to offer residential customers affordable, renewable energy choices. With its unique end-to-end energy solution, the Company has created multiple touch points to offer cost-saving energy products and services that create a seamless experience for the homeowner while fulfilling their unique energy needs. Currently, OneRoof serves residential customers in nine states including Arizona, California, Hawaii, Massachusetts, New Jersey, Maryland, Pennsylvania, Connecticut and New York with plans for additional expansion. For more information, visit www.oneroofenergy.com.
Caution Regarding Forward-Looking Information
Certain statements contained in this document, are "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is necessarily based on a certain number of estimates and assumptions, which while considered plausible by the management when they are made, are inherently subject to significant commercial, economic and competitive risks and uncertainties. We advise investors not to rely unduly on forward-looking information. The Company further declines any intention or obligation to publicly update this forward-looking information, whether due to new information, or future or other events, unless required by applicable law.
Neither the TSX Venture Exchange nor its regulation service provider (as these terms are defined in policies of the TSX Venture Exchange) bears responsibility for the adequacy or accuracy of this press release.
Investor Relations Contacts:
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OneRoof Energy Group, Inc.
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OneRoof Energy Group, Inc.
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SOURCE OneRoof Energy, Inc.