KELOWNA, BC, March 12, 2015 /PRNewswire/ - SUNVAULT ENERGY
INC. ("Sunvault") ("the Company") (SVLT) is pleased to announce the
creation of a joint venture company, Supervault Energy Inc. The
newly formed joint venture company is 50% owned by Sunvault Energy
Inc. SuperVault Energy Inc. has signed a license and development
agreement to use certain UCLA developed
patented Graphene technology for use in the area of Electricity
storage such as battery alternatives.
The Sunvault Energy solar technology chipset allows for the
generation, transfer and storage of energy within the same unit.
The UCLA created patented process is
useable in the manufacturing of a Super – Super Capacitor that is a
bolt on technology for Sunvault's technology, as well as anywhere
batteries of any type are used. The combination of these two
technologies gives SuperVault the ability to create, transfer and
store large amounts of energy within the same unit.
With the ability to cost effectively size these units to any
power size, this revolutionizes the world of energy management,
generation and storage as we now see it.
This new graphene energy storage device has a number of
potential purposes, from the use by large utility operators for
grid stabilization applications, right down to powering devices
such as battery packs for Electric Cars and powering smart phones,
which can then be fully charged to capacity within seconds to
minutes. http://www.supervaultenergy.com
Sunvault directors: Governor Bill
Richardson and Mr. Trent
Blind have both joined the board of directors of Supervault
Energy Inc.
The Company is hosting a Webinar for stakeholders, shareholders
and interested parties on Wednesday, March
18th, 2015 at 4:30
PM Eastern / 1:30 Pacific
Please register for the Sunvault
Update presentation
on Mar 18, 2015
4:30 PM EDT / 1:30
Pacific at:
https://attendee.gotowebinar.com/register/9110988019948349442
Sunvault Energy welcomes you to an update conference
with CEO Gary Monaghan and
Presenters from UCLA on the newly
formed Joint Venture company Supervault Energy Inc.
After registering, you will receive a confirmation email
containing information about joining the webinar.
The Company recently added this video link to the companies'
website which describes how the conductivity properties of Graphene
could change the electricity industry as far as generation and
storage is concerned. https://www.supervaultenergy.com/
About Sunvault Energy
Inc.:
Sunvault Energy Inc. is committed to bringing cost effective
energy generation and energy storage to the solar industry through
a seamless and novel integration of energy generation and storage.
This technical approach is a first and has the potential to enable
the lowest overall system cost at maximum efficiency. SunVault has
further diversified by acquiring companies or assets that are
immediately accretive and that will facilitate into the owning of
quality non-cyclical assets.
For more information, visit the Sunvault Energy website at
http://www.sunvaultenergy.com/ and/or
question@sunvaultenergy.com.
Notice Regarding Forward-Looking Statements:
This news release contains "forward-looking statements," as
that term is defined in Section 27A of the United States Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this news release which are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such forward-looking statements include, among other things, that
working with Universities will expedite Sunvault technology into
real world applications, the ability to reduce the required
footprint and cost associated to traditional solar energy
generation, collection and storage, or that the technology has the
potential to revolutionize how solar energy is generated, stored
and utilized.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, general economic conditions, our ability to
achieve the expected benefits from the development agreement. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and
intentions contained in this news release are reasonable, there can
be no assurance that such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in our annual report on Form 10-K
for the most recent fiscal year, our quarterly reports on Form 10-Q
and other periodic reports filed from time-to-time with the
Securities and Exchange Commission.
SOURCE Sunvault Energy Inc.