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    NEOV   US6406551068

NEOVOLTA INC.

(NEOV)
Delayed Nasdaq  -  04:00 2022-10-03 pm EDT
4.860 USD   -3.38%
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NeoVolta Systems to be Deployed in EOS Linx EV Charging Stations at Select National Gas Locations

09/09/2022 | 01:00pm EDT

SAN DIEGO, Sept. 09, 2022 (GLOBE NEWSWIRE) -- NeoVolta Inc. (NASDAQ: NEOV) – NeoVolta Inc., manufacturer of Smart Energy Storage Solutions, today announced that its systems will be deployed in electric vehicle charging stations at select national gas and convenience store locations, starting in Georgia. This initial phase of installations is part of an expected nationwide rollout of NeoVolta batteries in 1,000 EOS Linx EV charging stations at various gas stations, convenience stores, and hotel chains across the country.  

With the introduction of the charging stations, EV owners/operators will be able to recharge their EV while shopping at select convenience stores. This U.S. franchise presence consists of roughly 7,000 brand sites, along with more than 1,000 convenience stores. The first installation recently took place at a service station in the Atlanta suburb of Peachtree City.

“In NeoVolta, we have found the smart energy storage solution that meets our high standards for reliability and performance,” says EOS Linx CEO Blake Snider. “We are excited about our nationwide rollout with their battery in our network of EOS Charge stations.”

Through its partnership with EOS Linx, NeoVolta will provide customized energy storage systems and intelligent power management for EOS charging stations. The clean solar energy stored in the NeoVolta battery can be used to power the charging stations even when the sun isn’t shining. Each EOS Charge Station is also equipped with a minimum of two chargers and a 55- or 75-inch digital advertising display.

“We are extremely proud to provide the clean energy storage solution for EOS Charge stations,” said Brent Willson, CEO of NeoVolta Inc. “With the rapid adoption of electric vehicles, we welcome the opportunity to bring NeoVolta technology to American drivers.”

The NeoVolta systems provide high storage capacity and power output, along with high-cycle battery life. Engineered with a lithium iron phosphate battery chemistry, these systems are a safe, nonflammable alternative to ordinary lithium-ion batteries. In 2022, NeoVolta was recognized by Solar Power World’s Top Solar Storage Products for the third year in a row.

About NeoVolta - NeoVolta designs, develops, and manufactures advanced energy storage systems for both residential and industrial use. Its storage solutions are engineered with lithium iron phosphate (LiFe(PO4)) battery chemistry, which is clean, nontoxic, and nonflammable. The residential-focused NeoVolta 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. The system’s 6,000-cycle battery life, one of the longest on the market, translates to 16.5 years of useful life, based on a full charge and discharge each day. The NV14 has passed the product safety standards set forth by Underwriters Laboratories (UL) for battery energy storage safety testing.

For more information visit: http://www.NeoVolta.com email us: IR@NeoVolta.com or call us: 858-239-2029

About EOS Linx - EOS Linx combines solar energy and energy storage in its charging stations to support a more renewable electrification solution for electric vehicle charging, performing even when grid power is interrupted. EOS Linx already has 14,000 EV charging locations under contract or MSA. The comprehensive charging solution includes solar power generation and storage, electric vehicle charging, AI-based security, and digital out-of-home advertising that adds immediate value to each location.

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 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 1-A filing filed with the Securities and Exchange Commission ("SEC") 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.


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Source: NeoVolta Inc.

2022 GlobeNewswire, Inc., source Press Releases

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Financials (USD)
Sales 2022 4,47 M - -
Net income 2022 -5,80 M - -
Net Debt 2022 0,79 M - -
P/E ratio 2022 -13,6x
Yield 2022 -
Capitalization 159 M 159 M -
EV / Sales 2021 26,6x
EV / Sales 2022 19,0x
Nbr of Employees 5
Free-Float 86,1%
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Managers and Directors
Brent Willson President, Chief Executive Officer & Director
Steve Bond Chief Financial Officer & Director
James F. Amos Independent Director
Susan H. Snow Independent Director
John Hass Independent Director
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