Stardust Solar Completes Onboarding of Pennsylvania Franchise

Rhea-AI Summary

Stardust Solar Energy (TSXV: SUN, OTCQB: SUNXF) has successfully integrated Topp Home LLC, a Pennsylvania-based solar and roofing company, into its franchise network. Topp Home, which generated $3.42 million USD in solar sales in 2024, is expected to become Stardust's highest-revenue franchise. This integration marks the completion of Stardust's 2024 acquisition of Solar Grids Development LLC, with all 47 active Solar Grids franchise territories now operating under the Stardust Solar banner. Led by Todd Sanford, Topp Home will operate under a franchise agreement through March 21, 2033. The integration includes the appointment of former Solar Grids CEO Justin Kaiser to a key role, ensuring leadership continuity and strengthening Stardust's expansion across North America.

Positive

• Integration of Topp Home LLC with $3.42 million USD in annual solar sales strengthens revenue potential
• Successful completion of Solar Grids acquisition with all 47 franchise territories now operating under Stardust
• Strategic expansion of U.S. footprint through unified national brand
• Long-term franchise agreement secured until 2033

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - June 11, 2025) - Stardust Solar Energy Inc. (TSXV: SUN) (OTCQB: SUNXF) (the "Company" or "Stardust Solar") a leading North American provider of renewable energy solutions, is pleased to announce that Topp Home LLC ("Topp Home"), a premier solar and roofing company based in Central Pennsylvania, has officially joined the Stardust Solar franchise network. With over $3.42 million USD in annual solar sales achieved in 2024, Topp Home is projected to become the Company's highest-grossing franchise.

This milestone also marks the final conversion of active franchisees from Solar Grids Development LLC ("Solar Grids"), completing a strategic integration that began with Stardust Solar's 2024 acquisition of the Solar Grids' assets. All 47 active Solar Grids franchise territories are now fully converted and operating within the Stardust Solar network.

"Topp Home has demonstrated consistent strength in solar sales and operational practices within the industry," said Mark Tadros, CEO of Stardust Solar. "Bringing them into the Stardust family as our expected highest-revenue franchise is not only a key validation of our model, but also a strong close to the Solar Grids acquisition chapter. We're incredibly proud to now have all 47 active Solar Grids territories operating fully under the Stardust banner."

Topp Home—led by industry veteran Todd Sanford—has become a well-established force in Pennsylvania's renewable energy landscape. Based on Topp Home's sustained past performance generating over $3.4 million USD annually, the company is expected to be the largest franchise within Stardust Solar's expanding network. Topp Home will operate under a Stardust Solar franchise agreement through March 21, 2033.

Stardust Solar acquired the assets of Solar Grids in 2024 to expand its U.S. footprint and unify key franchise markets under a single national brand. While most franchise conversions were completed within the first months of the acquisition, Topp Home was among the last to formalize its conversion through the required addendum. The Company also welcomed former Solar Grids CEO Justin Kaiser into a key role, further enhancing integration efforts and leadership continuity.

"This milestone demonstrates the strength of our platform and the appeal of our offering to seasoned solar entrepreneurs," added Tadros. "From onboarding top-tier operators like Topp Home to integrating entire regional systems, we believe that Stardust Solar is well-positioned to continue scaling across North America."

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, expected franchise performance, 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/255090

FAQ

What is the significance of Topp Home LLC joining Stardust Solar's franchise network?

Topp Home LLC, with $3.42 million in annual solar sales, is projected to become Stardust Solar's highest-grossing franchise, validating their business model and strengthening their market presence.

How many Solar Grids franchise territories were converted to Stardust Solar?

All 47 active Solar Grids franchise territories have been successfully converted and are now operating under the Stardust Solar network.

Who is leading Topp Home LLC and how long is their franchise agreement?

Topp Home is led by industry veteran Todd Sanford, and their franchise agreement with Stardust Solar extends through March 21, 2033.

What happened to Solar Grids' leadership after the acquisition by Stardust Solar?

Former Solar Grids CEO Justin Kaiser was integrated into a key role at Stardust Solar to enhance integration efforts and maintain leadership continuity.

What is Stardust Solar's expansion strategy in North America?

Stardust Solar is expanding across North America by acquiring and integrating regional systems and onboarding top-tier operators like Topp Home under a unified national brand.