KELOWNA, BRITISH COLUMBIA--(Marketwired - Jun 18, 2014) - SUNVAULT ENERGY INC. (SVLT) ("Sunvault") ("the Company") is pleased to announce that the Company has finished it final adjustments to the mulching equipment recently purchased and installed in the new building located at the (CleanGen Inc.) Cutting Edge site; just outside of Ponoka, Alberta.
With the equipment now running properly, the Company will initiate a second shift starting Monday, June 23rd, 2014. The second shift will increase production and output of the final product to be used in various markets including landscaping and road construction.
Samples of the product that can be produced at this facility were recently reviewed by Company executives and the product being produced for the landscaping industry as a rubberized "bark" mulch product is exceptional. The company is in the process of developing contracts for ongoing delivery of the product.
Company director, Mark Roseborough with his years of experience in fine tuning and operation of multi - million plants for companies such as Dow Corning, supervised the equipment installation, commissioning and fine tuning. "The product being produced for the landscaping industry as a rubberized "bark" mulch product is exceptional," stated Mark Roseborough, Company Director. "We are excited to add our second shift now that the equipment is fully optimized" he continued.
About Sunvault Energy Inc:
Sunvault Energy Inc. is committed to bringing cost effective energy generation and energy storage to the solar industry through a seamless and novel integration of energy generation and storage. This technical approach is a first and has the potential to enable the lowest overall system cost at maximum efficiency. SunVault has further diversified by acquiring companies or assets that are immediately accretive and that will facilitate into the owning of quality non-cyclical assets.
Notice Regarding Forward-Looking Statements:
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, that working with Universities will expedite Sunvault technology into real world applications, the ability to reduce the required footprint and cost associated to traditional solar energy generation, collection and storage, or that the technology has the potential to revolutionize how solar energy is generated, stored and utilized.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic conditions, our ability to achieve the expected benefits from the development agreement. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.