SAN DIEGO, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Envision Solar International, Inc., (OTCQB: EVSI) (“Envision Solar,” or the “Company”), the leading producer of unique and sustainable infrastructure products for electric vehicle charging, energy security and outdoor media, announced today that the European Patent Office has approved a patent for the Company’s EV ARC™ products.
The European patent for the Company’s EV ARC™ product has been assigned publication No. EP3377828, issued on September 26th, 2018. The Company recently announced the issuance of a Chinese patent for its EV ARC™ product and a US patent for its Transformer ARC™ product to add to its growing intellectual property portfolio. The Company’s EV-Standard™ and UAV ARC™ are patent pending and in advance stage product development.
“Our core US business is going from strength to strength and we fully intend to take advantage of what we believe are meaningful international opportunities. We are growing our intellectual property portfolio both in scope and geographically. Our patented EV ARC™ is now covered in China and Europe – two of the fastest growing markets for EVs in the world. I’m confident that EV-Standard, UAV ARC and our other developing products will enjoy equal or greater success,” said CEO Desmond Wheatley.
According to Forbes the European Union (EU) has one of the most ambitious carbon emission reduction goals under the global Paris Agreement on climate change – a 95% reduction by 2050. According to EU News cars and vans produce 15% of EU’s CO2 emissions. The EU is working on legislation to toughen car emission standards and Parliament is calling for measures to facilitate the shift to electric and hybrid vehicles.
Invented and manufactured in California, the patented EV ARC™ and EV ARC™ HP products fit inside single parking spaces without reducing available parking. EV ARC™ generates enough clean solar electricity to power up to 225 miles of EV driving in a day. EV ARC™ HP DC fast charging systems provide up to 1100 miles per day. The EV ARC™ system’s solar electrical generation is enhanced by EnvisionTrak™ (patented) which causes the solar array to follow the sun, generating up to 25% more electricity than a fixed array. The energy is stored in the EV ARC™ product’s on-board energy storage for charging day or night, and to provide EV charging and emergency power during grid failure. The EV ARC™ product is a permanent solution that provides Level I, Level II and DC Fast Charging but because it requires no trenching, foundations or installation work of any kind, it is deployed in minutes and can be moved to a new location with ease. EV ARC™ products are manufactured in the company’s San Diego facility by combat veterans, individuals with disabilities, and other minority demographics and highly talented, mission-driven team members.
About Envision Solar International, Inc.
Envision Solar, www.envisionsolar.com, is a sustainable technology innovation company whose unique and patented products include the EV ARC™ and the Solar Tree® with EnvisionTrak™ patented solar tracking, SunCharge™ solar Electric Vehicle Charging, ARC™ technology energy storage, and EnvisionMedia solar advertising displays.
Based in San Diego, the company produces Made in America products. Envision Solar is listed on the OTC Bulletin Board under the symbol [EVSI]. For more information visit www.envisionsolar.com, call (858) 799-4583. Follow us on social to keep up with the latest news: Facebook, Twitter, Instagram, and YouTube.
This, Envision Solar International, Inc., Press Release may contain forward-looking statements regarding future events or our expected future results that are subject to inherent risks and uncertainties. All statements in this report other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results. Statements contemplating or making assumptions regarding actual or potential sales, market size, and demand, prospective business contracts, customer orders, trends or operating results also constitute forward-looking statements. Our actual results may differ substantially from those indicated in forwarding-looking statements because our business is subject to significant economic, competitive, regulatory, business and industry risks which are difficult to predict and many of which are beyond our control. Our operating results, financial condition, and business performance may be adversely affected by a general decline in the economy, unavailability of capital or financing for our prospective customers to purchase products and services from us, competition, changes in regulations, a decline in the demand for solar energy, a lack of profitability, a decline in our stock price, and other risks. We may not have adequate capital, financing or cash flow to sustain our business or implement our business plans. Current results and trends are not necessarily indicative of future results that we may achieve.
Envision Solar International, Inc.