PSWW and e Truck Transportation in Process of Completing the First Two Class 6 Vehicle ev Conversions for Customer Demonstrations
Rhea-AI Summary
Principal Solar, Inc. (OTC Pink: PSWW) announced the initiation of its first two Class 6 Vehicle EV conversions aimed at demonstrating their technology. CEO K. Bryce 'Rick' Toussaint highlighted the significance of this milestone, emphasizing the company's ability to help fleets transition from diesel to electric vehicles swiftly, bypassing lengthy R&D periods. This innovation caters to the growing market demand for electric fleet solutions. Principal Solar aims to capitalize on opportunities in traditional, renewable, and clean energy sectors while also managing undervalued petroleum assets.
AI-generated analysis. Not financial advice.
Positive
- Launch of Class 6 Vehicle EV conversions for customer demonstrations.
- Significant reduction in transition time from diesel to electric vehicles.
- Strategic focus on renewable energy and clean technology investments.
Negative
- None.
News Market Reaction – PSWW
On the day this news was published, PSWW declined 5.24%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Dallas, Texas, June 24, 2021 (GLOBE NEWSWIRE) -- Principal Solar, Inc. (OTC Pink: PSWW) ("Principal" or "the Company"), a strategic investor in and acquirer of technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in and acquirer and operator of undervalued petroleum-producing properties, today announced that the first two Class 6 Vehicle EV conversions for customer demonstrations are underway.
“This marks a milestone as we bring eTruck to market. Through these demonstration conversions, we will show the how our solution meets the needs of the market looking to move their fleet to EV now instead of 5 years from now,” said K. Bryce "Rick" Toussaint, CPA, MBA, Chairman and CEO of PSWW.
Principal Solar’s heavy-duty vehicle EV conversion technology is engineered to enable transportation and logistics companies of all sizes to quickly and easily transition their existing fleets from diesel to almost fully electric vehicles without the long development timelines typically required to engineer completely new platforms. Instead of an R&D process that would typically result in a multi-year timeframe from design to delivery, Principal Solar is able to reduce this significantly.
About Principal Solar
Principal Solar is a strategic investor in and acquirer of 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.
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' 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 PSWWs' 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 PSWWs' most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission by PSWW.
Principal Solar Contact
K. Bryce "Rick" Toussaint, CPA, MBA
Chairman and Chief Executive Officer
kt@pswwenergy.com
214.885.0032
Investor Relations Contact
Michael Briola
invest@pswwenergy.com