KELOWNA, BC, April 14, 2015 /PRNewswire/ - SUNVAULT ENERGY
INC. ("Sunvault") ("the Company") (SVLT) announced today that it
has signed a binding letter of intent with the Edison Power Company
(Edison), a Delaware Corporation, to retail power within
de-regulated power markets. The first market as part of the roll
out strategy concentration will be the Alberta market followed by other similar
markets and markets that have time of use pricing.
"The Edison name resonates well with consumers across
North America" stated Gary Monaghan, Chief Executive Officer of
Sunvault Energy." "Introducing Edison
Power to the Alberta
community will begin the process of introducing our Graphene
Supercapacitor Power Storage Technology into the area of Grid
stabilization as well as establishing the Edison Power Company
brand to the Alberta consumer.
Sunvault will work through its incubation company, Aboriginal
Power Corp for power sales within First Nations
territories under the direction of Sunvault President, Trent Blind.
The company is working closely with Edison to launch a new power
retail program that will be unique in its approach and will benefit
Alberta consumers far beyond what
competitors have been able to offer these consumers.
"Clean and green energy combined with our Graphene
Supercapacitor technology will be a first for Alberta and a launching pad for similar
opportunities in other areas" commented Sunvault President
Trent Blind. " Unlike marketing
techniques offered by companies such as Bullfrog Power – with
messages summarized as - " We cost more but we are Green" our plans
are to cost less than existing market providers while
offering the same kind of Green benefit to our consumers" he
added.
Sunvault plans to utilize its technology development and come
back to its customer base that will be created through the Edison
power sales to further enhance consumers' lives with lower priced
power technology. The stand up solar appliance combined with its
graphene super capacitor technology will result in the ability for
a home owner to get off the power grid entirely through the
combination of technologies starting with solar generation and the
graphene supercapacitor that would store the generated energy. The
graphene super capacitor unlike lithium and other batteries is
carbon based and does not pose a threat of harmful elements being
installed into homes.
The Company believes its Solar appliance device plans far
surpasses the "roof full of solar panel approach" for ease of entry
and removes the barrier to entry that potentially resides in most
consumers' minds; because of the construction project approach they
currently face for deployed solar.
The ability to fast charge devices with pseudo/Supercapacitor
units versus a slower energy charge and release of lithium Ion
batteries will impact the smart phone, electric car, power grid
stabilization and home off the grid markets. In layman terms - A
smart phone that will be charged in under a minute and an electric
car can both be powered by the graphene pseudo/supercapacitor that
can fast charge more rapidly than any battery and effectively last
a life time, will significantly change the landscape of the future.
In every decade there is some breakthrough technology that will
significantly impact the world and its future, Sunvault believes
for "this decade that breakthrough is graphene and all of its
potential uses".
About Sunvault Energy Inc.
Sunvault Energy Inc. is committed to bringing cost effective
energy generation and energy storage to the solar and energy
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 facilitate the
owning of quality non-cyclical assets.
For more information, visit the Sunvault Energy website at
http://www.sunvaultenergy.com/ and/or
monaghan@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.