EDMONTON, ALBERTA–(Marketwired – Oct. 21, 2015) – SUNVAULT ENERGY INC. (“Sunvault”) (“the Company”) (OTCQB:SVLT) announced today that in conjunction with the Edison Power Company, have completed a Smartphone Battery Case that is built initially for the IPhone. Smartphone case designs for major brands such as LG and Samsung and other Smartphone manufactured devices will follow shortly. The Company will be submitting this prototype for certification and verification in order to start to fulfill the demand that exists for this product line.
The Battery Case will provide approximately 5000 mAh (milliamp hours) of energy to the first prototype IPhone model. The Battery Case prototype will be the best performing battery case on the market because of one of its most compelling features.
That feature being that the case will charge in roughly 3 minutes and will provide approximately 200% of additional power for most smartphones that are in the average 2400 mAh battery range. As displays on Smartphones become larger and usage becomes more and more prevalent, increasing energy to these devices will be widely accepted by the pent up demand for better energy solutions by the 2 Billion Smartphone users worldwide.
In addition to the fast charging, the case will not experience or generate any significant heat, and will have the unique attributes of both a battery and Supercapacitor. Additional attributes will include superior cycles that will go far beyond the Lithium Ion spec of 500 cycles of charge / discharge before battery requires replacement. It will be considerably lighter than current products on the market and will form the perfect marriage between Smartphone requirements of protection and esthetics of a case, combined with energy release and quick recharge that is necessary for today’s enjoyment of these devices. The Company will start by focusing on the top Smartphone lines, which include: Samsung, Apple IPhone, Lenovo, LG, Huawei, Xiaomi and Sony.
Edison Power Company will be launching a KICKSTARTER campaign for all Smartphone users in the near future. Smartphone users will want to stay tuned for details of the campaign that will be further described just prior to launch. This will be a unique opportunity for Smartphone users to be first in line to receive the 5000 mAh battery case.
About Sunvault Energy Inc:
Sunvault Energy Inc. is committed to bringing cost effective energy generation and energy storage to 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 with maximum energy storage efficiency. SunVault has further diversified by acquiring companies or assets that are immediately accretive and that will facilitate into ownership 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.
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 of technology. 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.