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<ul>
	<li>Envela Corp&nbsp;ELA subsidiary, Echo Environmental Holdings LLC,&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/04/ac26759147/envela-subsidiary-plans-expansion-of-solar-panel-recycling-capabilities-with-mesa-location" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">has signed an agreement to acquire property</a>&nbsp;for its solar-recycling facility in Arizona.</li>
	<li>The purchase is expected to expand the company&#39;s capacity to recycle solar panels, PV cells, inverters, and other PV-system components.</li>
	<li>The property is located near the company&#39;s&nbsp;Chandler IT asset-disposition (ITAD) facility in Mesa, Arizona.</li>
	<li>The company expects the purchase to close in the third quarter of 2022.</li>
	<li>Echo offers sustainable end-of-life solutions for photovoltaic (PV) electric-generative systems through refurbishing, reuse, and recycling.</li>
	<li>Price Action:&nbsp;ELA shares traded lower by 5.48% at $5.00 on the last check Friday.</li>
</ul>

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