checkAd

     121  0 Kommentare Shorepower Technologies’ Three State Grant Wins Aggregate To In Excess of $1m in Project Values

    Company begins to Formalize Board of Directors

    PORTLAND, May 21, 2024 (GLOBE NEWSWIRE) -- With the recent grant awards from the State of Washington, Shorepower Technologies, Inc. (SPEV) (“Shorepower”) now has cumulative wins (Washington, New Hampshire and California) aggregated in excess of $1 million in project values, including cost-share and host-site contributions.

    “With awards in New Hampshire, California and now Washington, we have demonstrated the strength of our grant writing capabilities. Importantly, every new win bolsters the value of our network, we are now over 1800 connection points and growing,” CEO Jeff Kim. “We remain very excited about our early success in the State Grant marketplace and anticipate these three wins are only the very tip of the iceberg.”

    Additionally, the company has begun the process of targeting and formalizing their Board of Directors. The candidates all have robust experience in the transportation electrification industry and are viewed as thought leaders. In the weeks ahead, Shorepower Technologies will detail the appointment of these individuals.

    Furthermore, the company is committed to building out its charging network to achieve critical scale. As such, as a compliment to building out the network, the company will evaluate the potential of acquiring assets as they become available.

    Shorepower remains focused on building out their Interstate strategy. Charging stations are most needed where urban infrastructure is limited. Therefore, the company continues to develop relationships with travel centers and rest stop operators to provide essential charging infrastructure services.

    Investor Relations Contact:

    Lesen Sie auch

    Inflection Partners, eric@inflectionpartnersllc.com

    About Shorepower Technologies

    Shorepower is a transportation electrification company that builds, deploys and operates plug-in stations that allow electric vehicles, trucks and refrigerated trailers to conveniently access electric power while parked or staged, resulting in cost savings for fleets and drivers that will offset petroleum fuel consumption, thus significantly reducing associated toxic emissions and greenhouse gases by replacing petroleum fuels with electric power. We currently operate the largest heavy-duty focused network of electrified parking spaces in North America. This network includes 60 facilities conveniently located at travel centers with approximately 1,800 electrified parking spaces. Most of these facilities are focused on truck stop electrification (TSE) and electric standby transport refrigeration units (eTRU), but several sites already include electric vehicle charging stations which will continue to grow.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," and "will" and variations of such words and similar expressions are intended to identify such forward-looking statements. All statements in this press release pertaining to our expectations relating to this acquisition constitute forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks, assumptions and uncertainties, including, but not limited to, the accuracy of our estimates regarding expenses, capital requirements and need for additional financing, our ability to operate our business and generate profits, decline in global financial markets and economic downturn resulting from the coronavirus COVID-19 global pandemic, business interruptions resulting from the coronavirus COVID-19 global pandemic, and general risk factors affecting the restaurant industry, including current economic climate, costs of labor and energy prices

    These and other risks, assumptions and uncertainties are described in Item 1A (Risk Factors) of our most recent Annual Report on Form 10-K and in other documents that we file or furnish with the Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. We expressly disclaim any current intention to update publicly any forward-looking statement after the distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.





    globenewswire
    0 Follower
    Autor folgen

    Verfasst von globenewswire
    Shorepower Technologies’ Three State Grant Wins Aggregate To In Excess of $1m in Project Values Company begins to Formalize Board of Directors PORTLAND, May 21, 2024 (GLOBE NEWSWIRE) - With the recent grant awards from the State of Washington, Shorepower Technologies, Inc. (SPEV) (“Shorepower”) now has cumulative wins (Washington, New …