Full Friday Update On (CSE: ACDC)
(Canada - ACDC) (U.S. - CRYBF)
If you were paying attention to the markets yesterday, you saw a flood of red after the jobs report came out.
It was reported that weekly jobless claims edged higher than the previous week, but rose less than expected.
Nevertheless, it had a major impact across the markets.
That said, I believe it's important to keep you updated on (CSE: ACDC) as they dropped key news this morning. Here it is:
EV Battery Tech Provides Sales, EcoVille, and Corporate Update
VANCOUVER, BC, March 5, 2021 /CNW/ - Extreme Vehicle Battery Technologies Corp ("EV Battery Tech" or the "Company") (CSE: ACDC) is pleased to provide an update on its product sales, the developments at EcoVille and other corporate developments.
Update on Products and Sales
- The Company officially launched its RV FreedomTM on February 24, 2021. During the first day it went live, the Company received so many inquiries on its website for this product, that it crashed the system. The Company has already started to increase its staff to keep up with the demand for this product. The Company ambitiously hopes to start shipping this product by the summer of 2021.
- The Company officially started taking deposits for its Home SmartWallTM on January 21, 2021 and has seen great interest. Customers are able to make a deposit to secure themselves delivery of the Company's first shipment of Home SmartWall's expected later this year. The Company also ambitiously hopes to have display models sent to its affiliate showrooms in Toronto (Canada), Los Angeles (United States) and Rome (Europe) by this summer. With a capacity greater than that of Tesla's Powerwall, a more sophisticated Battery Management System (BMS), safer chemical composition and a lower retail price, the Company aims to outsell Tesla in this category by 2022.
- The Company officially started taking orders for its Titan EnergyCoreTM on January 28, 2021. This Energy Storage System (ESS) is designed to be stackable so that it can be configured to be able to store enough energy to power an industrial operation or even an entire city. This product has seen a significant amount of interest from energy traders, renewable energy companies and developers. The Company also hopes to pursue larger government sales as cities move towards renewable energy and require the reliability of ESS solutions to back up the intermittent nature of the renewable energy power plants. The Company hopes to deliver its first Titan EnergyCoreTM later this year.
- The Company signed a partnership agreement with Daymak Inc., Canada's largest distributor of Light Electric Vehicles (LEVs) on February 8, 2021. The Company has already commenced the process to get its products into the Daymak distribution network, which includes some of the largest names in North America, such as Costco, Walmart and Best Buy. The Company is also working with Daymak to introduce new products into the LEV market together. Daymak's CEO, Aldo XX has joined EV Battery Tech's Advisory Board.
"We are extremely excited about the overwhelming level of interest in our products thus far," stated EV Battery Tech CEO, Bryson Goodwin. "The amount of emails, calls, and orders on the RV Freedom alone, has forced us to increase our staff to handle the massive influx of interest. This shows a lot of promise for the direction we're heading in, and we're delighted for our technology to have this much excitement surrounding it! I believe it truly deserves it!"
Read the full article here.
Keep (CSE: ACDC) on your radar again today. Talk again shortly.
(Always Remember The Stock Prices Could Be Significantly Lower Now From The Dates I Provided.)