PALOS VERDES, Calif., April 29, 2014 /PRNewswire/ -- Powerstorm Capital Corp. (OTC: PSTO) today announced the appointment of Dr. Shilesh Upreti to the company's 2014 Board of Advisors. Dr. Upreti is an expert in energy storage technology and former member of the US Department of Energy's Frontier Research Centers at Binghamton.
Dr. Upreti holds multiple technology patents, is published in 70 international journals. He has served as PI with the New York State Energy Research and Development Agency and the US Army's Research Development and Engineering Command.
Michel J. Freni, Powerstorm Capital CEO said, "Shilesh brings a wealth of energy technology and entrepreneurial spirit to Powerstorm. His ability to meld current energy technologies and latest academic findings to practical commercial applications is a rare talent that will afford Powerstorm an added competitive edge in this emerging business sector."
Dr. Upreti has served as Co-Chairman of the International Centre for Diffraction Data (ICDD) and American Association for the Advancement of Science and holds lateral positions with many similar global and national organizations.
"I am delighted to join PSTO's board as I have a very clear vision of the company's missive and the value it brings by blending economics with ecological and sociological aspects of business. Mr. Freni's vision of a next generation sustainable technology model was the catalyst that got me moving in the direction of integrating energy storage into current and future technologies. I am honored and excited to join PSTO's inaugural board," said Dr. Upreti.
"Dr. Upreti's expertise is vital to the growth of our company. Certainly, he and Dr. Ann Marie Sastry of Sakti3 will make an unstoppable team in telecommunication energy generation, storage and delivery," said Ana-Maria Pruteanu, Powerstorm Capital Corp.'s President.
Dr. Upreti holds a Ph.D from the Indian Institute of Technology at Delhi and is a former group member of Professor Stan Whittingham at SUNY Binghamton.
Powerstorm Capital Corp. services the telecommunication industry, primarily in sub-Saharan Africa, the Middle East, China and South America. The company's core business consists of providing turnkey region-specific hybrid power solutions to its customers – from hardware procurement, installation and on-going maintenance and technical support. Powerstorm Capital Corp. maintains offices in Hong Kong, New York as well as an operational hub in The Netherlands.
This release contains forward-looking statements concerning market developments for our products and corresponding value propositions for our customers. These forward-looking statements reflect Powerstorm's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Powerstorm's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand. These statements involve risks and uncertainties that may cause Powerstorm's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Powerstorm's future performance, please refer to Powerstorm's most recent Annual Information on Form 10K. Readers should not place undue reliance on Powerstorm's forward-looking statements and Powerstorm assumes no obligation to update or release any revisions to these forward looking statements, other than as required under applicable legislation.