NEW YORK, Sept. 22, 2015 /PRNewswire/ -- GameChange Racking announced that its financing facility with Barron Group Holdings LLC was recently upsized to $20,000,000. The facility is to be utilized as needed to help accelerate the rapid expansion of GameChange's fixed tilt and tracker solar PV racking business in the United States and internationally.
GameChange Racking expects revenues to more than triple in 2015 over 2014, and increase 7000% over revenues in 2012. The company has been profitable every year since inception and has no debt. GameChange expects to triple revenues again in 2016 and substantially exceed 1GW in annual sales.
GameChange Racking is an example of how manufacturing in the United States can be a viable business model. Innovation, superior engineering, efficient operations and advanced proprietary technology are critical to enable profitable growth in a competitive environment such as the solar PV industry.
By pioneering such breakthroughs as next generation structure design in the MaxSpan™ Post System, zero/near-zero ballast with its proprietary Grid-Lite™ Roof System and the GameChange Pour-in-Place™ technology for ballasted ground systems, GameChange racking has revolutionized the solar racking business with its superior quality at value pricing. This has been made possible through GameChange's patent pending protected design innovations.
Andrew Worden, CEO of GameChange Racking, stated: "GameChange is fortunate to be cash flow positive, profitable, have no debt and maintain a significant cash balance. Having the financing facility upsized to $20,000,000 from Barron Group Holdings enables us to be able to meet even more of the large growth opportunities we are encountering in the US solar market and abroad."
About Barron Group Holdings LLC
Barron Group Holdings is a private holding company with assets in excess of $100,000,000 in cash, real estate and investments in manufacturing companies.
About GameChange Racking
GameChange Racking LLC provides solar racking systems which combine fast installation, quality and unbeatable value for both ground and rooftop applications. GameChange is based on the concept of simple innovative design and large scale volume manufacturing. All GameChange products are designed and tested to meet rigorous environmental conditions and manufactured in compliance with strict industry standards.