ACDC announces plans to launch its SECOND series of products to compete in the Large Scale Battey Market
Vancouver, BC - TheNewswire - January 12, 2021 – Extreme Vehicle Battery Technologies Corp. (the “Company” or “EV Battery Tech”) (CSE:ACDC) (CNSX:ACDC.CN) (OTC:CRYBF) is pleased to announce its plans to launch the Ionix Pro “TITANTM” series (the “TITANTM series”).
With the energy storage systems (“ESS”) market projected to grow to almost $550 Billion by 2035,1 and Tesla announcing it has not been able to keep up with demand for its ESS battery products,2 the Company has been working very hard on its own line of industrial-scale ESS solutions and is very excited to unveil its plan to launch the TITANTM series. Following completion of the ongoing development process and the product’s launch, the TITANTM series is anticipated to compete with Tesla’s MegaPack in the North American Market.
“As I’ve mentioned before, our Company believes the market for ESS or battery storage will increase exponentially in the coming years,” said EV Battery Tech CEO, Bryson Goodwin.
“With the imminent launch of our previously announced Home Smart Wall, we wanted to give the world a little sneak peek into the next series of products we intend to launch this year” continued Goodwin.
The initial products in this series will be focused on industrial, remote back up and renewable energy use. Similar to the Smart WallTM series, the Company plans to custom tailor the products to customers in each market segment to maximize their value out of the ESS Solution.
Again, similar to the Smart WallTM series, the Company’s goal is to deliver the TITANTM series at a lower price point than similar products sold by its competitors, while ensuring its products remain of the highest quality. The Company expects to be able to achieve this goal, thanks to its AI-driven battery management system (“BMS”), which provides superior monitoring and repair functionality. The Company also utilizes high-quality lithium-ion batteries on the market for increased efficiency and safety.
More details to follow.
On behalf of the Company,
Bryson Goodwin, Chief Executive Officer
About EV Battery Tech
Extreme Vehicle Battery Technologies Corp. is a blockchain and battery technology company with revolutionary, patented Battery Management Systems (BMS) designed to meet the growing demand for scalable, smart solutions for the rapidly growing Electric Vehicle (EV) and Energy Storage Solution (ESS) markets. The company has committed to assisting global recycling solutions by offering recycling initiatives using their technology to analyze and fully refurbish used batteries.
Further information about the Company is available on its website (https://www.evbattery.tech).
The CSE (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
Forward Looking Statements
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. Forward-looking statements and information can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward looking statements in this news release include, but are not limited to, statements relating to: the timeline of the Company’s launch of its TITANTM series; the Company’s ability to complete the development of its products, including its TITANTM series; the Company’s belief that its TITANTM series will be able to compete with Tesla’s MegaPack in the North American Market; the anticipated growth of the ESS market; the pricing of the TITANTM series; the Company’s belief that it will be able to deliver competitive products at lower prices; and the timeline of the Company’s launch of its Smart WallTM series. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
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