ACCESSWIRE
09 May 2022, 23:25 GMT+10
Cooperative Research and Development Agreement to Explore the Potential of Triad Pro's eCell Technologies in Heavy Electric Vehicle Power Storage Solutions
DALLAS, TX / ACCESSWIRE / May 9, 2022 / Principal Solar, Inc. (OTC PINK:PSWW) ('Principal' or 'the Company'), a strategic investor in organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in undervalued petroleum-producing properties, today announced that it has executed a definitive research and development agreement ('the Agreement') with Triad Pro Innovators, Inc. (TPII) ('Triad Pro' or 'Triad'). The Agreement establishes a relationship for cooperative research and development between Principal and Triad Pro for the purpose of creating new power storage solutions for the Electric Vehicle (EV) industry.
'We believe Triad's eCell technology offers tremendous potential as a power storage solution for heavy electric vehicles,' said K. Bryce 'Rick' Toussaint, CPA, MBA, Principal's Chairman and CEO. 'Principal's agreement with Triad is another example of our commitment to identifying and investing in near-term, real-world electric vehicle solutions that meet today's growing market demand.'
Potential applications for solutions created under the agreement include use in Principal's client and portfolio company products, specifically its fleet-focused heavy electric vehicle conversions and hybrid-electric powertrains, which require unique capabilities supporting continuous operation with long charging cycles - capabilities underserved by existing battery technologies.
'Our relationship with Principal Solar is a real win-win for all parties,' said Murray Goldenberg, Chief Executive Officer of Triad Pro. 'By gaining access to our eCell technology, Principal stands to position its portfolio companies as leaders in their respective fields thanks to the numerous benefits our solid-state eCell offers over traditional chemical-based batteries. For us, we stand to gain exposure to new opportunities and clients as we work with Principal to deliver our next-generation EV energy storage solution.'
The major advantage of Triad Pro's eCell lies in its solid-state technology, which allows electric vehicles to accept a charge at any rate (limited only by network supply), thereby enabling ultra-rapid charge cycles that increase productivity by keeping heavy electric vehicles on the road. Another key eCell advantage is the absence of typical battery chemical solutions that degrade with repeated charge-discharge cycles, giving the Triad Pro eCell a lifespan of over 30,000 cycles, thereby greatly reducing ongoing maintenance costs for heavy EV owners.
About Principal Solar
Principal Solar is a strategic investor in organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an acquirer and operator of undervalued petroleum-producing properties.
For further information, please visit the Company's website at www.pswwenergy.com.
About Triad Pro Innovators, Inc.
Triad Pro Innovators, Inc. has developed a proprietary device to be utilized in a variety of circumstances to store electricity. The newly developed Triad Pro power supply provides our storage system with tremendous operational flexibility. Using our proprietary hardware and software solution, our eCell can be configured to store energy at a rate limited only by the network providing it, and then release that energy in a regulated way based upon the application, which allows for flexibility unknown in current chemical battery-based storage systems. Triad Pro creates and designs renewable energy solutions including Co-Generation and the patent pending eCells that can be used stand alone or modular as energy demands increase.
For further information, please visit Triad Pro's website at https://triadproinc.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
The statements contained in this news release which are not historical facts may be 'forward-looking statements' that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe PSWW's hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond PSWW's control, will affect actual results. PSWW undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with PSWW's most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission.
Principal Solar Contact
K. Bryce 'Rick' Toussaint, CPA, MBA
Chairman and Chief Executive Officer
kt@pswwenergy.com
214.885.0032
Triad Pro Innovators Investor Relations Contact
info@triadpro.com
714.790.3662
Investor Relations Contact
Michael Briola
invest@pswwenergy.com
SOURCE: Triad Pro Innovators, Inc.
Get a daily dose of Boston Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Boston Star.
More InformationNEW DEHLI, India: In a move expected to end the country's exports of the raw materials needed to manufacture steel, ...
NEW YORK, New York - The release of the minutes of the Federal Reserve's monetary meeting earlier this month surprisingly ...
WASHINGTON D.C.: A leading U.S. official has said that even if Taiwan is excluded from President Joe Biden's Asian economic ...
MOSCOW, Russia: In the latest escalation of an energy payment dispute with Western nations, Russia's Gazprom has halted gas exports ...
SYDNEY, NSW, Australia - It was a lukewarm day for stocks across Asia Wednesday with little movement in either direction.In ...
NEW YORK CITY, New York: The Wall Street Journal has reported that Apple has told some of its contract manufacturers ...
Jake Burger launched a go-ahead, three-run home run in the fifth inning and Lucas Giolito pitched six innings of one-run ...
Jaylen Brown scored 25 points and Jayson Tatum added 22 points and 12 rebounds as the visiting Boston Celtics moved ...
It will be the Miami Heat's chance to turn the tables in the Eastern Conference finals when they play host ...
Veteran center Joe Thornton saw the Florida Panthers' season come to an abrupt end earlier this week. Thornton, however, wasn't ...
T1 announced the signing Wednesday of Sang-beom "Munchkin" Byeon to their evolving Valorant roster. The 24-year-old South Korean previously competed ...
Tuesday's 16-run barrage against the Chicago White Sox gave the Boston Red Sox 95 runs in their past 13 games. ...