Sunvault Energy Signs Joint Venture Agreement and Creates Supervault Energy
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 [email protected].
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.
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