(TheNewswire)
ACDC announces plans to launch itsSECOND series of products to compete in the Large Scale BatteyMarket
Vancouver, BC - TheNewswire - January 12, 202 1 – Extreme VehicleBattery Technologies Corp. (the “Company” or “ EV Battery Tech ”)(CSE: ACDC ) (CNSX:ACDC.CN)(OTC:CRYBF) is pleased to announce its plans tolaunch the Ionix Pro “TITAN TM ” series (the“ TITAN TM series ”).
With the energy storage systems (“ ESS ”) marketprojected to grow to almost $550 Billion by 2035, 1 and Teslaannouncing it has not been able to keep up with demand for its ESSbattery products, 2 the Company hasbeen working very hard on its own line of industrial-scale ESSsolutions and is very excited to unveil its plan to launch the TITAN TM series . Following completion of the ongoingdevelopment process and the product’s launch, the TITAN TM series is anticipated to compete with Tesla’s MegaPack in theNorth American Market.
“ As I’vementioned before, our Company believes the market for ESS or batterystorage will increase exponentially in the coming years, ” said EV Battery Tech CEO, Bryson Goodwin.
“ With theimminent launch of our previously announced Home SmartWall , we wanted to give theworld a little sneak peek into the next series of products we intendto launch this year ” continued Goodwin.
The initial products in this series will be focused onindustrial, remote back up and renewable energy use. Similar to the SmartWall TM series , the Company plans to custom tailor theproducts to customers in each market segment to maximize their valueout of the ESS Solution.
Again, similar to the Smart Wall TM series , the Company’s goal is to deliver the TITAN TM series at a lower price point than similar products sold by itscompetitors, while ensuring its products remain of the highestquality. The Company expects to be able to achieve this goal, thanksto its AI-driven battery management system (“ BMS ”), whichprovides superior monitoring and repair functionality. The Companyalso utilizes high-quality lithium-ion batteries on the market forincreased efficiency and safety.
More details to follow.
On behalf of the Company,
Bryson Goodwin, Chief Executive Officer
Email: info@evbattery.tech
Phone: 604-325-2223
About EV Battery Tech
Extreme Vehicle Battery Technologies Corp. is ablockchain and battery technology company with revolutionary, patented Battery Management Systems (BMS)designed to meet the growing demand for scalable, smart solutions forthe rapidly growing Electric Vehicle (EV) and Energy Storage Solution(ESS) markets. The company has committed to assisting global recyclingsolutions by offering recycling initiatives using their technology toanalyze and fully refurbish used batteries.
Further information about the Company is available onits website ( https://www.evbattery.tech ).
The CSE (operated by CNSX MarketsInc.) has neither approved nor disapproved of the contents of thispress release.
Forward Looking Statements
The information in this news release includes certaininformation and statements about management’s view of future events,expectations, plans and prospects that constitute forward lookingstatements. These statements are based upon assumptions that aresubject to risks and uncertainties. Forward-looking statements andinformation can be identified by the use of words such as“expects”, “intends”, “is expected”, “potential”,“suggests” or variations of such words or phrases, or statementsthat certain actions, events or results “may”, “could”,“should”, “would”, “might” or “will” be taken, occuror be achieved. Forward looking statements in this news releaseinclude, but are not limited to, statements relating to: the timelineof the Company’s launch of its TITAN TM series; the Company’s ability tocomplete the development of its products, including its TITAN TM series; the Company’s belief that its TITAN TM series will be able to compete with Tesla’s MegaPack in the North AmericanMarket; the anticipated growth of the ESSmarket; the pricing of the TITAN TM series; theCompany’s belief that it will be able to deliver competitiveproducts at lower prices; and the timeline of the Company’s launch of its Smart Wall TM series. Although the Company believes that the expectationsreflected in forward-looking statements are reasonable, it can give noassurances that the expectations of any forward-looking statement willprove to be correct. Except as required by law, the Company disclaimsany intention and assumes no obligation to update or revise anyforward-looking statements to reflect actual results, whether as aresult of new information, future events, changes in assumptions,changes in factors affecting such forward-looking statements orotherwise.
1 https://www.powermag.com/research-group-energy-storage-market-will-hit-546-billion-by-2035/
2 https://www.energy-storage .news/news/tesla-demand-for-powerwall-megapack-continues-to-outstrip-supply
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