RANCHO PALOS VERDES, Calif.--(BUSINESS WIRE)--Powerstorm ESS (OTC: PSTO) (“Powerstorm” or “the Company”) today announced that it has engaged The Equity Group Inc. as investor relations counsel. Founded in 1974, The Equity Group specializes in comprehensive investor communications and investment community relations for micro- to mid-cap public companies through its offices in New York, San Francisco, and Beijing.
Mike Freni, Chairman and CEO of Powerstorm stated, “After assessing various IR firms to determine the best fit, we are pleased to partner with The Equity Group to help us communicate our mission and business model to the investment community. The Equity Group is very well-respected, and we were particularly impressed with the firm’s experience, client base and long-standing relationships.”
Mr. Freni continued, “Powerstorm is dedicated to supplying electricity to those that need it most – the nearly 1.3 billion people in the world who live without power. The first channel we are pursuing is telecommunications in emerging markets where our systems can provide power for the wireless base stations of major carriers, as well as create personal device charging hubs through local centers such as hospitals, schools, and community centers. For telecom operators managing existing networks while also rolling out new networks in remote areas, the need for reliable and efficient hybrid power sources has become a critical factor in servicing these markets. Our plug-and-play Modular Energy Storage System (“MESS”) is CapEx/OpEx efficient and environmentally sound, and its Digital Brain connects and controls all components within the hybrid system through one single source while relaying information through Internet connectivity.”
Mr. Freni continued, “Our second channel is hybrid home power. We have developed a line of modules for use in small homes or huts where residents may have simple mobile phones, but lack a reliable, easily accessible power supply. Our zeroXess solution will enable these residents to power not only mobile phones, but other systems that can improve quality of life such as lighting and water purification, while also providing Internet connectivity in a sleek, touch-screen design. Our third channel centers around disaster recovery and humanitarian outreach programs where energy is crucial in delivering search and rescue, medical, shelter and nutritional services. With our proprietary systems, we aim to revolutionize the way power is delivered, stored, and managed in emerging markets and disaster recovery zones.”
Powerstorm is a developer of hybrid energy storage systems that provide reliable off-grid solutions for emerging markets, rural communities and disaster recovery, all of which have very limited power supply. The foundational and innovative technology from Powerstorm is protected with several patents pending. For more information visit www.powerstormess.com.
This release contains forward-looking statements concerning market developments for our products and corresponding value propositions for our customers. These forward-looking statements reflect Powerstorm's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Powerstorm's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand. These statements involve risks and uncertainties that may cause Powerstorm's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Powerstorm's future performance, please refer to Powerstorm's most recent Annual Information on Form 10K. Readers should not place undue reliance on Powerstorm's forward-looking statements and Powerstorm assumes no obligation to update or release any revisions to these forward looking statements, other than as required under applicable legislation.