NeoVolta Adds $555,700 in Purchase Orders
03 August 2022 - 10:45PM
NeoVolta Inc. (NASDAQ: NEOV) – NeoVolta Inc., manufacturer of Smart
Energy Storage Solutions, today announced purchases by PMP Energy
over the past two months valued at $555,700. These purchase orders
are part of a three-year exclusive distribution agreement signed by
the two companies in 2019. Under the agreement, PMP Energy provides
dealers with training and certification to install NeoVolta energy
storage systems in homes and other locations.
“These recent purchases from PMP Energy indicate
strong demand for NeoVolta’s energy storage products,” said Brent
Willson, CEO of NeoVolta Inc. “Our all-in-one storage systems
deliver safe, reliable backup power during an outage, when you need
it most. And during normal conditions, they are the perfect
solution for skyrocketing utility costs.”
The company now has more than 50 certified
installers in California alone, with installations also expanding
in Nevada, Arizona, Utah, Oklahoma, Georgia, Florida, Texas, and
Colorado. In January 2022, the NeoVolta NV14 system was recognized
as one of Solar Power World’s Top Solar Storage Products for the
third year in a row. And in April 2022, the NV14 was named one of
the most affordable solar batteries in the U.S. in EnergySage’s
latest semiannual Solar Marketplace Intel Report.
Dan Briggs, PMP Energy’s President and CEO, said,
“NeoVolta offers high-performance, innovative energy storage
systems, and we are extremely proud to be their distributor. As
homeowners across the Sun Belt continue to discover the advantages
of NeoVolta, we expect continued demand.”
About NeoVolta - NeoVolta
designs, develops and manufactures utility-bill reducing
residential energy storage systems capable of powering your home
even when the grid goes down. With a focus on safer Lithium-Iron
Phosphate (LiFe(PO4)) chemistry, the NV14 is equipped with a solar
rechargeable 14.4 kWh battery system, a 7,680-Watt inverter and a
web-based energy management system with 24/7 monitoring. By storing
energy instead of sending it back to the grid, consumers can
protect themselves against blackouts, avoid expensive peak demand
electricity rates charged by utility companies when solar panels
aren’t producing, and get one step closer to grid independence.
Customers can expand the NV14’s capacity to an industry-leading
24.0 kWh with the optional NeoVolta NV24 add-on battery. NeoVolta
has added generator compatibility and is working on other industry
leading improvements that will be announced soon.
For more information visit:
http://www.NeoVolta.com email us:
IR@NeoVolta.com or call us:
858-239-2029
Forward-Looking Statements:
Some of the statements in this release are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, Section 21E of the Securities Exchange Act of 1934 and the
Private Securities Litigation Reform Act of 1995, which involve
risks and uncertainties. Forward-looking statements in this press
release include, without limitation, the future demand of for
NeoVolta’s energy storage products, the future performance,
reliability and safety of NeoVolta’s NV14 storage system and the
ability of the NV14 to be successfully integrated with residential
backup generators. Although NeoVolta believes that the expectations
reflected in such forward-looking statements are reasonable as of
the date made, expectations may prove to have been materially
different from the results expressed or implied by such
forward-looking statements. NeoVolta has attempted to identify
forward-looking statements by terminology including "believes,"
"estimates," "anticipates," "expects," "plans," "projects,"
"intends," "potential," "may," "could," "might," "will," "should,"
"approximately" or other words that convey uncertainty of future
events or outcomes to identify these forward-looking statements.
These statements are only predictions and involve known and unknown
risks, uncertainties, and other factors, including those discussed
under the "Risk Factors" section of NeoVolta’s Form S-1/A filed
with the Securities and Exchange Commission ("SEC") on July 11,
2022 and updated from time to time in its other public filings with
the SEC. Any forward-looking statements contained in this release
speak only as of its date. NeoVolta undertakes no obligation to
update any forward-looking statements contained in this release to
reflect events or circumstances occurring after its date or to
reflect the occurrence of unanticipated events.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/48394394-8bef-42fb-b1e1-19c033ee8ca2
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