jedijazz
2 months ago
$SPEV News: Shorepower Technologies Wins Two State of Washington Grants with project values totaling over $380,000
NEWS PROVIDED BY EIN Presswire
May 09, 2024, 8:18 AM ET
Tesla Pulls Back in Charging and Shorepower Steps Up!
Shorepower Technologies (OTCMKTS:SPEV)
PORTLAND, OR, USA, May 9, 2024 /EINPresswire.com/ -- Shorepower Technologies Wins Two State of Washington Grants with project values totaling over $380,000
Tesla Pulls Back in Charging and Shorepower Steps Up!
Shorepower Technologies, Inc. (SPEV) (βShorepowerβ), following it becoming a public company through its merger last March and receipt of funds in connection with the merger, has focused on bolstering its internal infrastructure, grant writing capabilities and sales.
Shorepower is now pleased to announce that it has been awarded two state grants in Washington. The wins are for facilities based in George and Union Gap, WA. The site in George will host 4 Level 2 charging stations and the site in Union Gap will host 6 Level 2 charging stations for a total of 10 new connection points. The Washington grant awards total $100,000. The total value of these projects is over $380,000, including the value of existing electrical infrastructure and Shorepower cost-share Execution of the contract is anticipated in the very near future.
βWith awards in New Hampshire, California and now Washington, we have demonstrated the strength of our grant writing capabilities. Importantly, every new win bolsters the value of our network, we are now over 1400 connection points and growing,β CEO Jeff Kim.
Teslaβs recent decision to reduce staff and scale back on their charging station network deployment, makes Shorepowerβs efforts even more important to the build out of the electric vehicle ecosystem. The countryβs charging station network remains woefully under covered.
Shorepower remains focused on building out their interstate strategy. Charging stations are most needed where urban infrastructure is limited. As such, the company continues to develop relationships with truck and rest stop operators to provide essential chargings infrastructure services.
Investor Relations Contact:
Inflection Partners, eric@inflectionpartnersllc.com
About Shorepower Technologies
Shorepower is a transportation electrification company that builds, deploys and operates plug-in stations that allow electric vehicles, trucks and refrigerated trailers to conveniently access electric power while parked or staged, resulting in cost savings for fleets and drivers that will offset petroleum fuel consumption, thus significantly reducing associated toxic emissions and greenhouse gases by replacing petroleum fuels with electric power. We currently operate the largest heavy-duty focused network of electrified parking spaces in North America. This network includes 60 facilities conveniently located at travel centers with approximately 1,800 electrified parking spaces. Most of these facilities are focused on truck stop electrification (TSE) and electric standby transport refrigeration units (eTRU), but several sites already include electric vehicle charging stations which will continue to grow.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," and "will" and variations of such words and similar expressions are intended to identify such forward-looking statements. All statements in this press release pertaining to our expectations relating to this acquisition constitute forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks, assumptions and uncertainties, including, but not limited to, the accuracy of our estimates regarding expenses, capital requirements and need for additional financing, our ability to operate our business and generate profits, decline in global financial markets and economic downturn resulting from the coronavirus COVID-19 global pandemic, business interruptions resulting from the coronavirus COVID-19 global pandemic, and general risk factors affecting the restaurant industry, including current economic climate, costs of labor and energy prices
These and other risks, assumptions and uncertainties are described in Item 1A (Risk Factors) of our most recent Annual Report on Form 10-K and in other documents that we file or furnish with the Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. We expressly disclaim any current intention to update publicly any forward-looking statement after the distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.
Eric Dusansky
Inflection Partners
eric@inflectionpartnersllc.com
Hope 911
3 years ago
This one
announ, age 64, has been a serial entrepreneur, and investor since 1994. From 2019 to 2020 Mr. Jannoun served as CEO of SPO Global where he successfully completed the merger of SPO Global with Gerapang Health in 2020. From 2018 to 2020 Mr. Jannoun was CIO and a member of the Board of Directors of SPO Global, Inc. Mr. Jannoun is the founder of Tess Holdings LLC, living 360 LLC and Thirty 05 LLC., which concentrate on investments ranging from health care to real estate. In 2020 Mr. Jannoun was one of the founders of Willcox International Holding, an algorithm platform company based in Tampa, Florida. Mr. Jannoun has assisted the companies in which he has served on the Board of Directors, in management or as an investor to find strategic partners to build shareholder value. Mr. Jannoun received a bachelorβs degree in business administration from the American University of Beirut and in 1992 earned a CFP degree.
Changes in Control of Registrant.
As a result of the sale of common and preferred stock by the Sellers, the Company experienced a change in control. Reference is made to the disclosure made under Item 1.01 of this Current Report on Form 8-K, which is incorporated herein by reference.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Effective April 7, 2021, the Board of Directors accepted the resignation of Daniel T. Meisenheirmer, III as Chairman of the Board of Directors and President of the registrant. The resignation of Mr. Meisenheimer was not as a result of any disagreement with the registrant relating the registrant's operations, policies or practices. Effective April 7, 2021 Saeb Jannoun was appointed to fill the vacancy following the resignation of Daniel T. Meisenheimer, III as Chairman of the Board of Directors and President of USBL.
β1β
Saeb Jannoun, age 64, has been a serial entrepreneur, and investor since 1994. From 2019 to 2020 Mr. Jannoun served as CEO of SPO Global where he successfully completed the merger of SPO Global with Gerapang Health in 2020. From 2018 to 2020 Mr. Jannoun was CIO and a member of the Board of Directors of SPO Global, Inc. Mr. Jannoun is the founder of Tess Holdings LLC, living 360 LLC and Thirty 05 LLC., which concentrate on investments ranging from health care to real estate. In 2020 Mr. Jannoun was one of the founders of Willcox International Holding, an algorithm platform company based in Tampa, Florida. Mr. Jannoun has assisted the companies in which he has served on the Board of Directors, in management or as an investor to find strategic partners to build shareholder value. Mr. Jannoun received a bachelorβs degree in business administration from the American University of Beirut and in 1992 earned a CFP degree.
Michael D. Pruitt, age 60, founded Avenel Financial Group, a boutique financial services firm concentrating on emerging technology company investments, in 1999. In 2001, he formed Avenel Ventures, a technology investment and private venture capital firm. In February 2005, Mr. Pruitt formed Chanticleer Holdings, Inc., then a public holding company (now known as Sonnet BioTherapeutics Holdings, Inc.), and he served as Chairman of the Board of Directors and Chief Executive Officer until April 1, 2020, at which time the restaurant operations of Chanticleer Holdings were spun out into a new public entity, Amergent Hospitality Group, Inc., where Mr. Pruitt has served as its Chairman and Chief Executive Officer to date. Mr. Pruitt also served as a director on the board of Hooters of America, LLC from 2011 to 2019. Since October 31, 2020, Mr. Pruitt has been a member of the Board of Directors of IMAC Holdings, Inc. (IMAC:Nasdaq). Mr. Pruitt received a B.A. degree from Coastal Carolina University, where he currently sits on the Board of Visitors of the E. Craig Wall Sr. College of Business Administration, the Coastal Education Foundation Board, and the Athletic Committee of the Board of Trustees.