Three Sixty Solar Ltd. announced that they have signed a non-binding letter of intent (the "LOI") with Greenlit Energy Systems ("Greenlit") to proceed with the sale and installation of a Three Sixty Solar Tower in south India. Key Points: Three Sixty has signed an LOI with Greenlit Energy Systems indicating their intent to install a solar tower at a location in the south of India. Power generated from the tower will be utilized by a local university or similar institution, with potential grid connection for net metering.

The parties are already engaged with multiple fabricating organizations to source fabrication of solar towers in India, with the goal to finalize costs for a binding purchase order by mid-January, 2024.