IT TRADES IN CANADA ON THE CSE UNDER THE TICKER: (CSE: ACDC) (CNSX: ACDC.CN)
CRYBF sparked a new deal with the #1 Distributor of Light Electric Vehicles in Canada, already inside Fortune 500’s like Walmart, Costco, TSC, QVC and Best Buy.
EV BATTERY TECH ADDED TO TECH MEGATREND ETF AND PROVIDES CORPORATE UPDATES
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Hello Everyone,
We have CRYBF back on our radar for todays’s session. If you look at the chart below you will see that this one could be primed for a bounce based on it recent history. There are a few notable upticks after periods of down trends like we are seeing right now.
We seem to have a significant resistance level here at .30 as we have seen the company rebound several times from here.
******News Released Minutes ago*****
EV BATTERY TECH ADDED TO TECH MEGATREND ETF AND PROVIDES CORPORATE UPDATES
Extreme Vehicle Battery Technologies Corp. has been added to the Tech Megatrend Exchange Traded Fund (ETF). The Company also provides preliminary revenue guidance and general corporate updates.
Added to the Tech Megatrend ETF
The Company has been added to the HAN-GINS Tech Megatrend ETF (LSE:ITEP, NYSE:ITEK) (“Tech ETF”). The portfolio contains trending public companies in the technology, blockchain and EV / battery sectors.
Technology Sector Blockchain EV / Battery Tech
Name Ticker Name Ticker Name Ticker
Apple Inc. NASDAQ: APPLRiot Blockchain Inc NASDAQ: RIOTTesla Inc NASDAQ: TSLA
Alphabet Inc. NASDAQ: GOOGHive Blockchain Technologies Ltd.TSXV: HIVE Volkswagen AG FRA: VOW
Microsoft CorpNASDAQ: MSFTVoyager Digital Ltd CSE: VYGR Toyota Motor CorpNYSE: TM
Netflix Inc NASDAQ: NFLXGalaxy Digital Holdings Ltd. TSE: GLXY Plug Power Inc NASDAQ: PLUG
“We are honored to be added to an ETF with a portfolio of such established companies,” states EV Battery Tech CEO Bryson Goodwin. “This is a clear sign of a high performing fund showing faith in our team, technology and Company.”
Tech ETF is a UCITS compliant Exchange Traded Fund domiciled in Ireland. ITEK tracks the Solactive Innovative Technologies Index (Net Total Return), an index of leading companies that are driving innovation in sectors including robotics & automation, cloud computing & big data, cyber security, future cars, genomics, social media, blockchain and digital entertainment. Tech ETF trades on the following exchanges: LSE (ITEK LN); BORSA (ITEK IM); XETRA (T3KE GY); and SIX (ITEK SW).
The fund is currently targeting growth in the blockchain sub-sector and has recently added 11 new blockchain holdings, up from two (2). For more information, please visit: https://roseferro.com/2021/03/tech-megatrend-etf-rebalances-to-focus-on-more-blockchain-stocks/
24-Month Revenue Guidance
Pursuant to the technology partnership agreement dated February 5, 2021 between the Company, the Company’s wholly owned subsidiary IoniX Pro Battery Technologies Inc. (“IoniX Pro”), and Daymak (the “Technology Partnership Agreement”), the Company has the first exclusive right to provide battery products to all of Daymak’s products. For further details on the agreement, please refer to the announcement on February 8, 2021. While the batteries themselves are normally sold at prices resulting in margins of approximately 10%, all EVs produced by Daymak are anticipated to be powered by the customized IoniX Pro Lithium-Ion battery pack, which will be equipped with the Company’s patented AI-powered battery management system (“BMS”). The BMS will carry higher margins than the batteries and therefore the Company anticipates blended margins of approximately 25%.
Daymak estimates that over 30% of its production cost will be in the battery systems, including the BMS. Since signing the Technology Partnership Agreement, the Company has already received purchase orders for $2 million dollars worth of battery systems, for just its existing LEV vehicles.
On April 6, Daymak made a guidance news announcement. For a full copy of Daymak’s press release, please follow this link: news release dated April 6, 2021 .
Given Daymak’s recent announcement, the Company projects that it could generate revenues of up to $300 million in the next 24 months, from the Daymak partnership. The Company estimates that the costs associated in generating this revenue will be $225 million, resulting in profits of up to $75 million. The Company expects to see significantly higher margins with their retail products compared to the margins from the sales related to the Daymak partnership. The margins associated with Daymak’s projections are lower since Daymak is a partner and the sales to Daymak will be at wholesale (as opposed to retail) prices.
“Investors have been calling and asking for clarification on our revenue plans. I am pleased to articulate and demonstrate the importance and magnitude of this very beneficial relationship we have built with Daymak.” Commented Bryson Goodwin President and CEO.
“If you look at the EV trends over the last three years combined with clean energy initiatives going on across the globe, Daymak believes it is in a prime position to achieve superior sales,” commented Daymak CEO, Aldo Baiocchi.
According to EV-Volumes, EV Sales Volumes have been growing at over 100% month-over-month growth since July of last year.
The Company also continues to build its sales and distribution networks for its line of IoniX Pro Energy Storage Systems (ESS), including:
the Home SmartWall, for which it expects deliveries to commence in Q4 of 2021; the TITAN EnergyCore, for which it expects deliveries to commence in Q3 of 2021; the RV Freedom, for which it expects deliveries Q3 of 2021; and the EV Smart Charger, for which it expects deliveries to commence in Q1 of 2022.
The Company also continues to develop blockchain platforms, which will serve as the backend infrastructure for the entire IoniX Pro product line up and will be customizable for use for third parties.
“The demand for our IoniX products has been extremely encouraging given they were all launched within the last 3 months,” commented IoniX Pro’s Chief Innovation Officer, Robert Abenante. “However, this recent partnership with Daymak has been particularly exciting given the rapid increase in orders for our battery systems.” continued Mr. Abenante.
The sales and revenue projections are subject to the forward-looking information and risk factors included below. See: “Forward Looking Information” and “Risk Factors”.
The Daymak EV line is anticipated to be ready to hit the streets starting in 2022 with Terra Ebike and Tectus Mobility followed by the Spiritus in 2023. For more information on pre-orders or to see a live counter of pre-order sales, please visit www.daymakavvenire.com.
Corporate Updates and Highlights
The Company is pleased to announce that its IoniX Pro RV Freedom battery, and IoniX Pro SmartWall have begun the manufacturing stage, and both products are expected to have the first versions landed in Canada by Summer 2021.
The Company is pleased to announce that Mr. Robert Abenante will be assuming the role of Managing Director in its subsidiary IoniX Pro. Mr. Abenante currently holds the title of Chief Innovation Officer and will now also assume the head of the Company’s battery products and services subsidiary.
The Company recently closed the first tranche of its previously announced private placement, as stated in its news release dated April 6, 2021.
*****Recent News Since The Last Time We Looked at the company
EV Battery Tech Launches the IoniX Pro Smart Charger
EV Battery Tech targets disrupting one of the fastest growing segments in the EV industry
VANCOUVER, BC, March 16, 2021 /CNW/ – Extreme Vehicle Battery Technologies Corp. (the “Company” or “EVBatteryTech“) (CSE: ACDC) is pleased to officially announce the launch of its previously unveiled IoniX Pro EV Smart Charger Series (the “EVSmart Charger“).
One of the World’s Fastest Growing Markets
The Electric Vehicle (EV) market is one of the fastest growing markets in the world. Projected to grow almost 5x over the next 6 years1, the Company wants to ensure it was not only part of this rapidly growing revolutionary change, but also wants to be a disruptive force in it.
In order for EV’s to grow at such a rapid pace, it is necessary that infrastructure be built to allow for such growth. One of the most obvious necessities are EV charging stations. Similar to the absolute requirement of gas stations for gasoline and diesel fueled vehicles to operate, it is equally important to build EV charging stations for EV’s to be able to operate.
Billions of EV Charging Infrastructure Spending
EV infrastructure has become a global priority as major governments and corporations have committed to spending billions of dollars (USD) towards building EV charging infrastructure.
Royal Dutch Shell (Shell), one of the world’s largest oil and gas companies, has recently announced its plans to increase its number of charging stations to 500,000 by 20252.
President Joe Biden has recently proposed to build 550,000 EV charging stations in the next few years, as part of the $2 trillion USD plan to fight climate change3.
Rendering of the Proposed Smart Charger Courtesy of the Company (CNW Group/EV Battery Tech)
“Smart Charger”: A disruptive force for the EV Charging Industry
While it is clear that a significant increase in EV charging station infrastructure is necessary, EV chargers are not a new technology. Most EV chargers derive their power from the grid and transfer electricity into the EV to charge the EV’s batteries.
EV Battery Tech is introducing a revolutionary new element to the basic EV charger. The Company has combined its Energy Storage System (ESS), which includes its patented and state-of-the-art Battery Management System (BMS) with an EV Charger to launch the revolutionary “Smart Charger”. The Company is confident that this game-changing combination will help expedite the installation of EV infrastructure and disrupt the EV charging industry.
Key Features of the EV Smart Charger
Artificial Intelligence
The Company’s patented BMS technology is powered by Artificial Intelligence (AI), which not only bolsters superior battery monitoring, but also allows for remote maintenance and machine learning capabilities. This technology is intended to provide greater efficiency, greater reliability and increased safety.
Powered by Renewable Energy
Given the intermittent nature of renewable energies such as wind and solar power, they are not a reliable source of power for EV charging stations. However, the Company’s new EV Smart Charger is expected to solve the intermittent issue by storing the power and then discharging the electricity into the EV Charger even when the sun is not shining or the wind is not blowing. The EV Smart Charger’s AI capabilities is expected to be more efficient with each use as the machine learning will target the best times to be charging and discharging to maximize safety as well as the life of the battery.
Arbitrage – Peak Shaving
By having the ability to store power, customers of the EV Smart Charger are able to charge the battery during the “offpeak” hours and then discharge the electricity into the EVs during “peak” hours. This spread between peak and offpeak hours, can be very significant in major cities, with the prices more than doubling or tripling in peak periods.
No Extra Connection Costs
As many building owners have learned, the addition of charging stations usually requires a significant connection cost by the power utility company. This is due to the increased power required during peak hours. However, since the battery can be charged during offpeak hours, the building owners are able to potentially avoid this connection fee, by running EV Smart Chargers and only discharging electricity to the EV’s from the stored battery electricity.
Variability allows for a wide range of uses
EV Battery Tech’s lineup of EV Smart Chargers will include a single charging station, a standard commercial dual charging station and most impressively, our rapid charging station which is expected to power an EV in less than 25 minutes.
The size of the battery and the speed of the charger are variable, so smaller sized units are suited for residential and recreational charging, commercial dual charging stations are customizable for parking garages and office buildings and larger sized rapid-charging models are targeted for roadside super-fast charging.
The company officially started pre-sales of the EV Smart Charger on their website www.ionixpro.com this morning at 5:00 am EST.
“Our brilliant design and engineering teams have done it again!” stated Bryson Goodwin, President and CEO of EV Battery Tech. “The Company has once again taken one of the fastest growing products and introduced what we expect to be a version that is far superior to anything else on the market today. We believe the EV Smart Charger will be one of best-selling products and we are very excited for this launch.”
“To say we have had a busy start to the new year would be a massive understatement. We have no plans in slowing down, in fact, we have just scratched the surface of what’s to come in 2021.”
On behalf of the Company,
Bryson Goodwin,
Chief Executive Officer
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Extreme Vehicle Battery Technologies Corp. (CSE: ACDC)(CNSX: ACDC.CN) (OTC: CRYBF) just announced its Explsoive plans to launch the Ionix Pro “TITANTM” series (the “TITANTM series”).
With the Energy Storage Systems (“ESS”) market projected to grow to almost $550BIL by 2035, and Tesla announcing it has not been able to keep up with demand for its ESS battery products, “EV Battery Tech” 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.
Home Energy Storage Systems as a Concept
Ever since Tesla introduced the Powerwall battery a few years ago, homeowners have wondered what the buzz was all about. For intermittent solar power system owners, the appeal of lithium battery storage makes sense. Depending on where you are in the world, residential solar arrays often generate enough electricity to power a home. They even have enough left over to sell back to the local utility. The idea that the power could be stored and used later, rather than sold back to the grid, is a more attractive option however, since home batteries can help you cut your electricity bill significantly. Stored electricity could be used to power electric cars or keep the lights on in homes and neighborhoods where the electric grid has gone down, and with the growing adoption of electric vehicles around the world, ESS systems can provide homeowners with a cheaper strategy to keep their growing electricity prices down, through a process known as “peak shaving.”
What is ACDC’s Contribution to the ESS space?
In a press release earlier this year, ACDC’s CEO, Bryson Goodwin stated that the Home Smart Wall is the “only product in the market that is able to remotely analyze and repair your battery system.” As home battery units, like Tesla’s Powerwall, are, in essence, numerous separate lithium-ion batteries connected in series, if one of the batteries stop functioning, the entire unit will no longer be operable. Using their patented AI monitoring system, ACDC claims that they their Home Smart Walls will be able to prevent these type of failures, greatly increasing the lifespan of the product. Of equal if not greater importance, AI integrated “smart” monitoring allows for a far safer product than any currently offered in the market.
Coupled with the ability for remote maintenance and repair, as well as a lower price tag than the Tesla Powerwall, EV Battery Tech’s Home Smart Wall will be an interesting entry into the growing home ESS market.
The Top Reasons to Consider Extreme Vehicle Battery Technologies CRYBF
A Deloitte report states that total EV sales are expected to grow from approximately 2.5 million in 2020 to around 11.2 million in 2025, then reach about 31.1 million by 2030. Another projection from BNEF expects EV sales to grow to 56 million vehicles by 2040.
Without a sufficient supply of minerals such as lithium and quality technology to produce enough high-quality, long-lasting, and eco-friendly batteries, the potentially $3 trillion EV market could all but grind to a halt.
The Battery Management System Market could potentially be worth$12.6 Billion by 2024.
Extreme Vehicle Battery Technologies is well-positioned to meet this growing demand through an AI-based patented battery management system, real-time monitoring, eco-friendly ecosystem, and cutting edge storage system.
A strategic partnership with an industry leader sets Extreme Vehicle Battery Technologies up for a potentially robust 2021 and beyond.
With all of the tailwinds indicating robust growth potential for the EV market, interest appears to have increased for companies such as Extreme Vehicle Battery Technologies (CRYBF).
As Tesla is set to officially join arguably the most prestigious large-cap stock index in the world (S&P 500) after markets close on December 18th, this is only one sign of the surging demand for electric vehicles. While Tesla is now the most valuable automaker in the world and will be the 7th largest company on the S&P 500 from day 1, more and more EV companies are going public, while established automakers adopt EV models. With governments promoting the adoption of EVs, as state pension funds and national pension funds divest from oil and fossil fuels, it is no wonder that EV sales are forecasted to balloon.
However, without a sufficient supply of minerals such as lithium and quality technology to produce enough high-quality, long-lasting, and eco-friendly batteries, the potentially $3 trillion EV market could all but grind to a halt.
According to research from BloombergNEF, lithium demand could increase by approximately 9x. Additionally, Energy Storage Capacity in the US is expected to grow 12x by 2024 to a market value of $5.3 billion while the market could grow 40x over the same period in developed countries. Specifically, the Battery Management System Market could potentially be worth $12.6 Billion by 2024.
The problem in 2020 though, is that the current tech for lithium-ion batteries is not sufficient enough to keep up with demand.
Why is this tech not sufficient enough to keep up with the demand? Batteries, first and foremost, require expensive lab-based testing to effectively diagnose issues. Furthermore, because testing is so long, expensive, and inefficient, overpriced/costly replacements are unfortunately the normal solution. Additionally, because used batteries are terrible for the environment, what is the point of moving on from “dirtier energy” if the supposed “cleaner energy” EVs are no better for climate change? Lastly, EV battery warranties cover 8 years and can cost companies millions.
Because of this, the market has shifted its focus to better and longer-lasting batteries. Additionally, batteries that are more technologically advanced, eco-friendly, and efficient, are desired by EV automakers and consumers alike.
Energy Storage Solutions (“ESS“) Market Is Expected To Put It In Competition With Tesla And Their MegaPack!
In their most recent quarter, Tesla was quoted saying there is “unprecedented demand across the globe” for their ESS products. In fact, they went so far as to say that they are not able to keep up with the demand.CRYBF / ACDC is a leading Blockchain and Battery technology company with revolutionary, patented Battery Management Systems (BMS) designed to meet the exponentially growing demand for scalable, smart sol∙utions for the rapidly growing Electric Vehicle (EV) and Energy Storage Solution (ESS) markets.
The BMS technology was born out of Artificial Intelligence (AI) driven algorithms mining billions of data points to analyze the shortcomings of batteries in today’s market.
The resulting game-changing BMS technology allows for batteries to have more efficient power management and longer battery life, while AI integrated sol∙utions offer the world’s first real-time monitoring and remote maintenance.
The feature they are most proud of at EV Battery Tech is the way their AI Battery technology will revolutionize the way ESS’s are manufactured, by using recycled batteries.
CRYBF is committed to utilize their Blockchain supported, AI integrated, Battery sol∙utions to offer a market first; a full BMS battery sol∙ution featuring real-time monitoring and remote maintenance contained within a secure blockchain environment.
The financial and transactional controls facilitated by Blockchain technology ensure BMS, EV, ESS and “smart”charging applications have the most secure transactional abilities, targeted to meet Tokenized Carbon Credit (TCC) requirements.
The recent amendments to smart grid integration are already factored into their product development and aspire to exceed vehicle to grid compatibility.
In October 2020, CRYBF executed a development agreement with RichPower to bring patented BMS Technology to North America, South America, Europe and Africa. Along with this agreement came 70+ national patents ranging from software, technology, invention and utility authorization, with several more patents pending.
RichPower is a leader in the battery management system (BMS) and energy storage system (ESS) industries in China.
A vertically integrated company, RichPower is involved in activities ranging from research and development to battery production. RichPower operates facilities in Shanghai and Suzhou, two of the largest cities in China. The facilities are host to some of the world’s top research experts and state-of-the-art manufacturing equipment. These facilities offer turnkey and full-cycle services, providing products and services to the electric vehicles, power grid system providers, remote mine energy and commercial building power applications markets.
RichPower has been able to differentiate itself by its ability to use Artificial Intelligence (“AI”) to remotely manage and significantly extend the life of any battery system.
Through the use of (“AI”), it has developed a “smart” BMS that learns and evolves with user behaviors resulting in a significant increase in power saving and efficiency. Its (“AI”) algorithms can specifically predict future failures and provide more stable operations and remote maintenance on battery systems.
Huge demand for Electrical Vehicles and EV Battery Technology Puts EV Battery Technologies (CSE: ACDC) in The Driver’s Seat With Enormous Growth Potential!
EV Battery Tech Adds Four Strategic Members to Advisory Board
Including Daymak CEO and RichPower CEO
VANCOUVER, BC, Feb. 16, 2021 /CNW/ – Extreme Vehicle Battery Technologies Corp. (“EV Battery Tech” or the “Company”) (CSE: ACDC) is pleased to announce new high caliber additions to its advisory board. Last week, the Company announced a partnership with Daymak, Canada’s largest supplier of Light Electric Vehicles (LEV) and today, Aldo Baiocchi, Daymak’s CEO, and Jack (Jingke) Han, the Founder, Chairman and CEO of Jiangsu RichPower New Energy Co. Ltd. (“RichPower”), the Company’s Chinese partner, have both joined the Company’s advisory board. Rounding out the A-list additions are serial entrepreneurs , Dr. Eric (XingHua) Pu and RichPower principal and Vice President Tina (Weiping) Zhang.
Daymak CEO Aldo Baiocchi is no stranger to the ESS (Energy Storage System) market. His company is the largest LEV supplier in Canada and has done over $100MIL in sales. Approximately 30% of Daymak’s manufacturing costs are spent on battery systems, which EV Battery Tech plans to soon produce for Daymak.
“It is quite an honor joining an Advisory Board with such talented members, in such a fast-growing Company,” said Daymak CEO Aldo Baiocchi. “Together, I am confident our shared experience will contribute in bringing cutting-edge products to the market and achieving spectacular sales across North America.”
Jack (Jingke) Han, the Founder and Chairman of RichPower has over a decade of professional experience in safe, reliable and efficient usage of battery systems. He has also developed embedded systems and applications with the help of a cloud-based platform and artificial intelligence. Mr. Han holds a bachelor’s degree in electrochemistry and a master’s degree in microelectronics from the Harbin Institute of Technology.
Dr. Eric (XingHua) Pu has founded several technology companies including some of China’s leading hardware and firmware companies. Dr. Pu is also one of the founders of Intelligent Battery Services Ltd, and obtained his Bachelors of Science in Geophysics from the University of Science & Technology of China, his Masters of Science in Geophysics from State Seismological Bureau of China and his Ph.D. in Geophysics from the University of Victoria.
Tina (Weiping) Zhang graduated with bachelor’s degree in Chinese Department of Nanjing University, she worked in Xinhua Daily News as a reporter for 11 years, focusing on news in the field of science and technology. Later, she served as the general manager of East China at Elong.com, which was acquired by largest online travel agency in China (Ctrip). She is a shareholder of RichPower and serves as its vice president, responsible for the company’s overseas markets and cooperation.
“The addition of members of this caliber is a testament to the consumer products that we have started to launch,” said EV Battery Tech CEO Bryson Goodwin. “I am honored to be working with this experienced team and believe that together we will fuel the momentum we have built between partnerships and new products launches that are still to come.” Goodwin concluded.
EV Battery Tech Announces Partnership with Daymak, the #1 Distributor of Light Electric Vehicles in Canada
VANCOUVER, BC, Feb. 8, 2021 /CNW/ – Extreme Vehicle Battery Technologies Corp. (“EV Battery Tech” or “the Company”) (CSE: ACDC) is pleased to announce that on February 5, 2021, the Company entered into a partnership agreement (the “Agreement”) with Daymak International Inc. (“Daymak”), Canadas #1 distributor of light electric vehicles1 (“LEVs”).
Daymak has sold over $100MIL of LEVs, of which an estimated 30% of their production cost goes into the battery systems. Pursuant to the Agreement, the Company will become the exclusive provider of batteries and battery packs used in Daymak’s products.
“I love the technology,” Daymak’s CEO Aldo Baiocchi stated about EV Battery Tech’s technology. “From the Smart Wall to the specialized BMS with their battery packs, they are perfect for our current products and some of the projects we hope to announce soon.”
Daymak’s current customers include Walmart, Costco, TSC, QVC, Best Buy, Hudson’s Bay and a network of 150 dealers across Canada and the USA. Daymak also has showrooms in Los Angeles, Toronto and Rome, with more expected in the future. Daymak was the recipient of the Clean Tech North Award2, was named in Pro∙fit Magazine’s Top 100 fastest growing Canadian companies and was also recently named “One of Ontario’s Greenest Companies” via letter received by Brad Duguid, Minister of Economic Development and Innovation.
EV Battery Tech has had a very busy start to 2021 through the announcements of the Company’s IoniX Pro Smart Wall Series and IoniX Pro TITAN Series, and most recently through the unveiling of its RV Battery Series.
“The Daymak partnership is just the beginning,” boasted EV Battery Tech CEO Bryson Goodwin. “We are very pleased with the partnership and hope it goes a long way in building our brand recognition.”
EV Battery Tech believes it has an edge over other products in its industry thanks to its AI driven battery management system (BMS) technology.
“I have spent a significant portion of my life studying battery technologies,” explained Ph.D and EV Battery Tech’s Advisory Board Member Yoga Yogendran. “I think the BMS technology that powers the IoniX products is state of the art and will bring many positive features to the industry.”
The deal goes into effect immediately and has a term of 5 years, with an automatic renewal for 1-year terms. We can expect to see EV Battery Tech’s products incorporated into Daymak’s product line sometime in late Q2 of this year. While the Agreement’s intention is for EV Battery Tech to be the exclusive provider of batteries and battery packs, Daymak has the right seek an alternative quote if Daymak and EV Battery tech cannot agree on commercial terms, however EV Battery Tech will still have the right of first refusal to match the commercial terms of any competing bid for the supply of such systems.
EV Battery Tech Reveals Features and Specifications
of the IoniX Pro TITAN™ Series
VANCOUVER, British Columbia, Jan. 18, 2021 (GLOBE NEWSWIRE) — Extreme Vehicle Battery Technologies Corp. (the “Company” or “EV Battery Tech”) (CSE: ACDC) is pleased to reveal the features and specifications for its IoniX Pro TITAN ESS™ (the “TITAN”)1.
The Company announced the unveiling of the IoniX Pro TITAN™ Series last week and is now proud to release the details and specifications of the first product to be rolled out in the series.
“While the Smart Wall Series will target the smaller scale home and office battery markets, the Titan Series will target large scale mega markets such renewable energy, cities and major industrial,” said EV Battery Tech CEO Bryson Goodwin.
Similar to the Smart Wall Series, the Titan Series will be powered by EV Battery Tech’s patented and AI-driven Battery Management System (BMS).
The size of the TITAN will be comparable to a standard 40HQ Container and its capacity per container will range from 500 kw/h to 3,000 kw/h, depending on the needs of the customer.
The Company’s entry into the large scale energy storage sol∙utions (ESS) market is expected to put it in competition with Tesla and their MegaPack. In their most recent quarter, Tesla was quoted saying there is “unprecedented demand across the globe” for their ESS products. In fact, they went so far as to say that they are not able to keep up with the demand.
“We are seeing significant growth in the demand for large scale ESS products and we are happy to be one of the first movers to announce a product with state-of-the-art BMS technology, which is expected to make it one of the safest and most reliable ESS products on the market,” mentioned Mr. Goodwin.
“With this scalable product, we hope to service both small markets and large markets, ranging from minor remote backup to major cities. These products could be the answer to intermittent renewable energy, remote community reliance on fossil fuels and balancing of overloaded city grids,” continued Mr. Goodwin.
The Company expects the full launch of the TITAN ESS and first orders for the product to commence this quarter.
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