DRI Companies Launches New Roof Integrated Solar Subsidiary

May 23, 2007

IRVINE, Calif.--(BUSINESS WIRE)--DRI Companies, the parent company of two of the premier roofing contractors in the Western US, today announced the launch of a new subsidiary to provide roof integrated solar energy installation services to commercial building owners and residential home builders. The new company, DRI Energy, will address each step of the solar installation process, from design and engineering to installation, finance, rebate administration support and system monitoring services. “DRI Companies’ extensive commercial and residential roofing experience puts us in a unique position to provide roof integrated solar solutions to the growing market for clean, renewable solar energy in California, while maintaining the functionality and integrity of the roof systems we install,” said company founder and CEO Timothy M. Davey. “With our broad customer reach and construction management track record in the West, we expect our roof integrated solar offerings to lead the industry, as more builders and building owners demand integrated solar and roofing construction services to address their renewable energy needs.” With annual revenues of US$96 million and six offices serving the Western US, DRI Companies, through its subsidiaries DRI Commercial and DRI Residential, serves residential builders such as Shea Homes, Brookfield Homes, Lennar and Centex and large commercial customers such as Target, Home Depot, Federated Department Stores, Walt Disney Company and the United States Navy. DRI’s management team brings over 140 years of combined residential and commercial roofing experience to the solar industry, and has overseen the installation of over a quarter of a million roofs in Nevada and California. DRI Energy Chief Operating Officer Stephen Torres, who previously directed Magnetek’s entry into the solar inverter market as the President of its Alternative Energy Division, says that DRI’s roof integrated solar offering positions the company at the forefront of the solar industry in the West. “For California’s ‘Million Solar Roofs’ campaign to succeed, it’s critical that solar integrators use sound construction management practices,” says Torres. “With DRI Energy, we’re creating one company that can provide a seamless roof integrated solar solution to all our commercial and residential customers in California and other western states.” DRI Energy will provide roof integrated solar products and services for both new residential and commercial construction projects as well as existing commercial buildings, with the ability to design and build systems for both steep and low slope roof applications.

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