SOLARIS POWER CELLS RETAINS AAS ASSOCIATES TO EVALUATE SOLARIS PESA STORAGE CELL WITH POTENTIAL $40 MILLION VALUATION
March 02 2017 - 09:21AM
InvestorsHub NewsWire
SOLARIS POWER CELLS RETAINS AAS ASSOCIATES TO EVALUATE
SOLARIS PESA STORAGE CELL WITH POTENTIAL $40 MILLION
VALUATION
Palm Springs, CA -- March 2, 2017 -- InvestorsHub NewsWire --
Solaris Power Cells, Inc. the creators of the Solaris PESA or
"Passive Electron Storage Array", (SPCL)
(the "Company") has retained a leading technology valuation firm,
AAS Associates. AAS is being retained for the purpose of reviewing
and placing a valuation on the Solaris PESA technology to assist
the company in a potential divestiture, joint venture or licensing
agreement.
"We are very pleased to announce that Mr. Schibanoff and his
firm have agreed to help us evaluate the technology and help us to
determine the value of our technology it in todays growing energy
storage marketplace. PESA is a unique Energy Storage alternative to
traditional power sources, for commercial and high end residential
applications," states Solaris CEO/President Neil Kleinman.
The current market for power storage is growing exponentially as
net metering from solar and wind power is making the challenge of
balancing power generation and power demand greater than ever. The
applications for Solariss technology could extend beyond electric
utilities to include net metering clients, solar and wind farms,
and industrial, commercial and residential applications. With a
potential valuation in the $30-40 million range, we are eager to
complete our evaluation," said Alec Schibanoff, Managing Director
of AAS Associates.
About AAS Associates
Founded in 1990, AAS Associates designs and implements programs
and initiatives for its clients that increase their sales, improve
their profits and grow their businesses. The firms founder, Alec
Schibanoff, is a widely published author and popular speaker. Mr.
Schibanoff writes a regular feature on the latest emerging
technologies for Electric Power & Light magazines Executive
Insights Newsletter.
About SOLARIS
Solaris Power Cells, Inc. (SPCL)
is a developmental stage diversified "green" energy storage
manufacturer offering residential and commercial users turnkey,
renewable energy storage solutions. Solaris manufactures the
Solaris PESA or "Passive Electron Storage Array" for limited-use
electric vehicles such as golf cars. The Solaris PESA is a 100%
lead-free, solid-state storage solution that makes renewable energy
greener and better by allowing applications to utilize more of the
energy generated. The Solaris Power Cell is capable of providing
energy storage to applications normally reliant and equipped with
highly toxic lead acid, nickel metal hydride or lithium-ion
batteries.
Forward-Looking Statements
Statements in this press release that are not strictly
historical in nature are forward-looking statements. These
statements are only predictions based on current information and
expectations and involve a number of risks and uncertainties.
Forward-looking statements in this release include that we are
about to manufacture our products, we can compete in the energy
storage business, and our products will provide an energy storage
solution to industry. The Company's products involve detailed
proprietary and engineering knowledge and specific customer
adoption criteria, hence factors that could cause actual results to
be materially different include that we may be unsuccessful in
raising any additional capital needs that may arise; we may not
have sufficient capital to develop, produce and deliver orders;
orders that are placed may be cancelled; product may not perform as
well as expected; markets may not develop as quickly as anticipated
or at all; or that the productive capacity of the company may not
be large enough to handle market demand. Further, we are reliant on
certain key employees who may leave the Company and we may be
unable to protect or defend our intellectual property. Investors
are cautioned against placing undue reliance on forward-looking
statements. Refer to all public filings and risk factors included
in the 8-K, 10-Q and 10-K as filed with the SEC.
For Further Information
Solaris Power Cells, Inc. www.solarispowercells.com
Neil Kleinman CEO-Investor Relations
Tel: 1-619-629-0922
Neil@solarispowercells.com
SOURCE: Solaris Power Cells, Inc
PESA, Passive Electron Storage Array and Solaris Power Cell are
trademarks of Solaris Power Cells, Inc.