ACDC announces plans to launch a series of products to hit the $100 Billion+ Battery Market
December 31, 2020 Vancouver, BC – Extreme Vehicle Battery Technologies Corp. (the “Company” or “EV Battery Tech”) (CSE: ACDC) is pleased to announce its plans to launch the IoniX Pro “Smart WallTM” series
(the “Smart WallTM series”).
After considerable research and development, EV Battery Tech is pleased to unveil its Smart WallTM series, which the Company intends to launch in Q1 of 2021. The Smart WallTM series will consist of sustainable Energy Storage System (ESS) solutions, which the Company will initially be bringing to the North American market.
With the ESS market projected to grow to almost $550 Billion by 2035,[1] the space is just in its infancy.
“The ESS market has not even begun to scratch the surface” said EV Battery Tech CEO Bryson Goodwin. “Our products are expected to be some of the most sophisticated ESS products to hit the market with technologies driven by artificial intelligence. We hope to quickly become a market leader in North America and then expand globally,” continued Goodwin.
The initial products will be focused on home, office and industrial use, custom tailored to maximize the value for customers in each market segment.
Telsa has paved the way for such products in North America with their “Powerwall” series, however the Company is confident it will be able to deliver superior products at lower prices. Thanks to its AI-driven Battery Management System (“BMS”), the Smart WallTM series is designed to optimize ESS power management and consumption. Through machine learning, the AI-enabled BMS has learned and continues to improve though millions of hours monitoring batteries that are currently used across the globe.
“Our BMS System is one of the most advanced battery technologies that exists in the battery space today,” said Mr. Goodwin.
“We wanted to end this year by giving our shareholders a sneak peek into what is to come and finish the year off with a bang!”
“We wish everyone a safe New Year’s and the very best for 2021” concluded Mr. Goodwin.
On behalf of the Company,
Bryson Goodwin, Chief Executive Officer
Email: [email protected]
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 Smart WallTM series; the anticipated growth of the ESS market; the development and performance of the Company’s products, including its BMS and Smart WallTM series; the pricing of the Smart WallTM series; the Company’s plans to commercialize its Smart WallTM series; and the Company’s belief that it will be able to deliver competitive products to those of Tesla at lower prices. 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.
[1] https://www.powermag.com/research-group-energy-storage-market-will-hit-546-billion-by-2035/
