VANCOUVER, British Columbia, Oct. 07, 2021 (GLOBE NEWSWIRE) -- Extreme Vehicle Battery Technologies Corp. (the “Company” or “EV Battery Tech”) (CSE: ACDC) (OTCQB: CRYBF) is pleased to provide the following corporate updates.
SmartWall Pre-Orders Exceed Expectations
The Company and its subsidiary, IoniX Pro Battery Technologies Inc. (“IoniX Pro”), recommenced taking pre-orders for the Company’s flagship product, the IoniX Pro Home SmartWall™ (the “SmartWall”), on September 28, 2021. Orders have exceeded expectations and have already surpassed the number of pre-orders from the pre-order campaign carried out earlier in the year.
The SmartWall is a unique product that is powered by state-of-the-art battery technology. The SmartWall equips the modern homeowner with the necessary tools to store, manage and monitor their home energy. Features such as real time monitoring and remote maintenance, which are made possible by the Company’s patented, AI-driven Battery Management System, make the SmartWall one of the safest and most reliable home energy storage systems on the market.
Despite global supply chain disruptions caused by COVID-19, the Company is pleased to confirm availability of all components required to produce, assemble and ship product the SmartWall. To maintain and ensure a smooth and orderly process, the Company is limiting pre-orders to the first 1,000 customers. This decision was made to ensure the Company can deliver the SmartWall to all customers who have placed pre-orders with confidence, even in the face of the current supply hurdles.
Customers are able to pre-order at: https://ionixpro.com/smartwall/#section_introduction
Our Patented BMS, Explained!
To help customers and shareholders better understand the functions that the BMS enables, the Company has created an animated video to showcase its exclusive functionalities.
To find out more, please visit: https://investorsscene.wistia.com/medias/0h10b4ggzp
Daymak Sales Surpass $1B
On March 23, 2021, the Company’s partner, Daymak Inc. (“Daymak”), launched a sales campaign for its recently launched Avvenire lineup. On October 5, 2021, Daymak announced that they had secured $1 billion in pre-orders for their Daymak Avvenire Electric Vehicle Line (EV) lineup. See link below for more details:
A Media Snippet accompanying this announcement is available by clicking on the image or link below:
The Company is very pleased to confirm that, pursuant to its Partnership Agreement with Daymak, the Company has a right of first refusal to supply all Daymak Avvenire products with IoniX Pro battery packs, all of which will contain the Company’s patented BMS. Daymak estimates that over 30% of its production costs will be from battery systems, which could contribute to a significant revenue path for the Company.
Product Certification
The global supply shortage for battery cells and circuit boards has created significant disruptions in supply chains, leaving companies of all sizes, including Apple, Tesla and Daimler, who have scrambled to get their hands on these critical raw material inputs.
EV Battery Tech has been very careful in its allocation and negotiation for materials across all its product lines. While this global issue has resulted in some delays related to the roll out of the RV Freedom product, the Company and IoniX Pro are very pleased to report their successful efforts to bring the SmartWall to the market in under nine months. This has been an incredible feat, given the supply constraints and is a testament to the determination of the Company and the IoniX Pro team. We thank our global supply chain partners for their commitment to continued delivery of our inputs, in the face of increasing demands from our industry.
On behalf of the Company,
Bryson Goodwin,
Chief Executive Officer
About EV Battery Tech
Extreme Vehicle Battery Technologies Corp. is a blockchain and battery technology company with revolutionary, patented Battery Management Systems (BMS) designed to meet the growing demand for scalable, smart solutions for the rapidly growing Electric Vehicle (EV) and Energy Storage Solution (ESS) markets. The company has committed to assisting global recycling solutions by offering recycling initiatives using their technology to analyze and fully refurbish used batteries.
Learn more at evbattery.tech
Contact Numbers and Emails
For further information about the Company, please visit https://www.evbattery.tech.
For further information about the Company’s Products please visit https://www.ionixpro.com.
For Investor Inquiries, please contact (236) 259-0279 or email info@evbattery.tech.
For Product or Sales Inquiries, please contact (236) 266-5174 or email sales@ionixpro.com.
All communications are managed by AlphaOne Media Group Inc.
The CSE (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
Forward Looking Statements
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties, including the specific factors disclosed here and elsewhere in EV Battery Tech’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “hope”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “believe”, “should”, “projected”, “proposed”, “rendering” and similar expressions, are forward-looking statements.
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements respecting: (i) the SmartWall’s BMS system making the product one of the safest and most reliable home energy storage systems on the market; (ii) the Company’s intention to re-open pre-orders for its SmartWall; (iii) the potential for the Company to supply Daymak with battery systems; (iv) the Company’s ability to maintain supply for its inputs, notwithstanding global supply shortages. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
