Principal Solar, Inc. and eTruck Transportation Provide Subsidiary Partnership Status Update
April 19, 2021 at 08:00 am EDT
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Principal Solar, Inc. ("Principal" or "the Company") provided a status update regarding the formation of its new subsidiary in partnership with eTruck Transportation ("eTruck"). In order to accommodate anticipated future vehicle sales, eTruck is expanding its Omaha operations and is in the process of closing on a larger facility intended to expedite Class 6 (heavy duty) vehicle-focused research and product development activities. eTruck expects this new R&D facility to become operational and open to prospective customer visits by the end of the second quarter or early in the third quarter of 2021. Principal's partnership with eTruck is perfectly aligned with its goal of rapidly evolving into a full-spectrum energy technologies company and capitalizes on today's existing market demand for fully-capable, heavy electric vehicles that can replace diesel trucks without sacrificing range, functionality, or performance.
Principal Solar, Inc. is a strategic investor in and acquirer of organizations and technologies that support opportunities in traditional, renewable, and clean energy sectors as well as an acquirer and operator of undervalued petroleum-producing properties. The Company conducts business through its subsidiaries, providing consulting in the energy sector, licensing, and commercializing energy related intellectual property, and engaging in a selection process and conducting due diligence for future acquisitions. Its subsidiaries include Bayou Road Investments, Inc. (Bayou Road Investments), NexTeal Energy, and E-3 Petroleum. Bayou Road Investments seeks to acquire licenses for patented technology, primarily in the green energy sector, and to subsequently monetize these technologies. NexTeal is focused on heavy electric vehicle (EV) technologies. E-3 Petroleum houses the Companyâs investments and acquisitions in oil and gas properties.
PRINCIPAL SOLAR, INC. 
