Powin Energy Corporation announced that effective August 30, 2017, Craig S. Eastwood’s role and responsibility with the company as Chief Financial Officer terminated. Effective September 22, 2017, the Company and Mr. Eastwood entered into a Severance and Release Agreement pursuant to which, among other things, Mr. Eastwood would remain as an employee of the company until November 30, 2017, would receive payment for accrued but unused paid time off and sick leave and would remain on the company’s health insurance plan until November 30, 2017.