IDST Receives Confirmation of U.S. Patent Filing for Integrated Battery Management and Charge Controller
First of Numerous Patent Filings for Innovations Surrounding Residential Energy Storage
LAKE ELSINORE, CA--(Marketwired - Jul 1, 2013) - IDS Industries (OTCQB: IDST) announced today receiving confirmation of its first patent filing from the United States Patent and Trademark Office (USPTO). The integration of a battery management and charge controller into a singular system provides a number of benefits including optimization of the charge control functions and improved return on investment (ROI) from investments in advanced battery chemistries.
The filing is the first of a number of innovations that will be submitted with the USPTO in the coming months as the Company positions itself to lead in the growing residential energy storage space.
"Our partnership with SP Innovations is bearing fruit as development of our unique products progress into commercial phases and our IP portfolio grows," stated Bruce Knoblich, CEO. "The advanced control functions are designed to improve battery performance and extend battery life thus diminishing much of today's cost and performance barriers when purchasing advanced lithium batteries for home backup and renewable energy storage."
As previously announced in November 2012, the Company entered a consulting agreement with SP Innovations, Inc., a San Diego area based product development and engineering firm that specializes in alternative energy technology solutions.
About IDS Industries, Inc.
IDS Industries is a GIIRS-rated designer, developer, manufacturer and seller of portable renewable electric generators for use by consumers, industry, government and emergency management relief worldwide as well as a developer of specialized battery management and charge control electronics for lithium iron phosphate and other advanced chemistry batteries. Advantages of renewable over fossil-fuel portable power include lower operational cost, superior reliability, greater sustainability and expanded utility due to zero exhaust and quiet operation.
Forward-looking & Safe Harbor Statement
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and those statements are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
