Stardust Solar Adds $1 Million in Signed Contracts to Solar Project Backlog in August; Total Backlog Now $3.5M

Rhea-AI Summary

Stardust Solar Energy (OTCQB: SUNXF) reported securing $1 million in new signed customer contracts during August 2025, bringing its total contract backlog to $3.5 million as of September 1, 2025. The company operates across 97 territories in North America, offering rooftop solar and battery energy storage solutions.

The new contracts include a mix of residential, commercial, and storage projects scheduled for completion in H2 2025. The company's business model focuses on training-driven operations and standardized project execution, with rising storage attachment rates increasing average project values.

Positive

• Secured $1 million in new contracts in August 2025
• Total contract backlog increased to $3.5 million
• Broad market presence across 97 territories
• Rising storage attachment rates increasing average project value
• Diverse revenue streams from residential, commercial, and storage projects

Negative

• Project completion timing dependent on external factors like permitting and utility interconnection
• Revenue recognition subject to various operational delays and scheduling constraints

Vancouver, British Columbia--(Newsfile Corp. - September 9, 2025) - Stardust Solar Energy Inc. (TSXV: SUN) (OTCQB: SUNXF) (FSE: 6330) announced today that it secured approximately $1 million in new signed customer contracts during August 2025, increasing the Company's total signed contract backlog to approximately $3.5 million as of September 1, 2025.

The August additions reflect sustained demand for rooftop solar and battery energy storage solutions across Stardust Solar's North American footprint of 97 territories. The Company's training-driven operating model and standardized project execution continue to support efficient market expansion and customer adoption.

"Adding $1 million to our signed solar project backlog in a single month highlights the strong and sustained demand we are seeing from both homeowners and small businesses," said Mark Tadros, Founder & Chief Executive Officer. "The combination of residential, commercial, and storage projects secured in August reflects broad-based momentum. With installation calendars filling and crews scheduled, we believe we are well positioned for a strong finish to the third quarter and continued progress into the fourth."

The August additions comprise a diverse mix of signed customer contracts that are scheduled primarily for completion during the second half of 2025, with timing influenced by permitting and utility interconnection. The Company's centralized engineering resources, standardized plan sets, and project management support continue to deliver consistent quality and throughput for residential and commercial projects, while rising storage attachment rates are increasing both average project value and customer resilience.

For clarity, the Company defines solar project backlog as the aggregate value of signed customer contracts across company-owned and franchised operations that have not yet been recognized as revenue. This operational measure is intended to provide investors with visibility into near-term installation activity. It is not a measure of revenue or earnings, and conversion is dependent on factors such as municipal permitting, utility interconnection timelines, supply chain logistics, and customer scheduling.

Management expects to convert a meaningful portion of both August additions and previously signed work by quarter end, while maintaining disciplined pricing and scheduling practices to support customer experience and cash flow. The Company will continue to expand its market reach through franchise development, installer and sales training, and targeted local marketing across solar PV, battery storage, and EV charging solutions.

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.

Forward-Looking Information

This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements are based on expectations, estimates, projections, and interpretations as at the date of this news release and are not statements of historical fact. Forward-looking statements in this release include, but are not limited to, statements with respect to: the Company's project backlog, the expected timing and conversion of backlog into revenue, anticipated installation activity, customer demand across residential and commercial markets, storage attachment rates, franchise development, training and marketing initiatives, future growth prospects, and the expected benefits of the Company's strategy.

Forward-looking statements are often identified by words such as "plans," "expects," "anticipates," "believes," "intends," "estimates," "projects," "potential," "opportunity," "target," "strategy," "may," "could," "would," "should," or variations of such words and phrases, or statements that certain actions, events, or results "may," "will," "would," "could," or "should" be taken, occur, or be achieved.

Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: risks related to permitting and utility interconnection; supply chain and logistics constraints; customer scheduling and financing; regulatory changes and compliance requirements; competition and technological change; reliance on franchisees, contractors, and third-party partners; execution risks related to growth initiatives; general economic, market, and business conditions; and other risks described under the heading "Risk Factors" in the Company's most recent continuous disclosure filings available under the Company's profile on SEDAR+ (www.sedarplus.ca).

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

Forward-looking statements are provided for the purpose of assisting readers in understanding the Company's financial performance, business objectives, and strategic plans, and may not be appropriate for other purposes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265618

FAQ

What is Stardust Solar's (SUNXF) current contract backlog as of September 2025?

Stardust Solar's total signed contract backlog stands at $3.5 million as of September 1, 2025, after adding $1 million in new contracts during August.

How many territories does Stardust Solar operate in?

Stardust Solar operates across 97 territories in North America, offering solar and battery energy storage solutions.

When will Stardust Solar's new contracts be completed?

The new contracts are scheduled for completion during the second half of 2025, with timing dependent on permitting and utility interconnection processes.

What types of projects does Stardust Solar (SUNXF) offer?

Stardust Solar offers residential rooftop solar, commercial solar installations, battery energy storage solutions, and EV charging solutions.

How does Stardust Solar define its project backlog?

Stardust Solar defines project backlog as the total value of signed customer contracts across company-owned and franchised operations that have not yet been recognized as revenue.