With The Expectation Of Significant Growth In The EV Market, This Battery Tech Profile (CSE: ACDC) Requires Attention
(Canada - ACDC) (U.S. - CRYBF)
Did you see Volvo's major announcement this week? If not, it's a mind-blower.
Check out this news being reported by Reuters: Betting on death of petrol cars, Volvo to go all electric by 2030
Volvo Chief Executive Håkan Samuelsson recently told reporters, “I am totally convinced there will be no customers who really want to stay with a petrol engine... We are convinced that an electric car is more attractive for customers.”
Obviously the "green car" revolution isn't new. This has been in the cards for some years now and has recently taken giant strides.
In 2019, the global EV market tallied a value of $162.34Bn and is believed that it may climb to the heights of over $800Bn by the year 2027.
Knowing these figures could generate big buzz for companies involved in the space and with key companies like Volvo dropping huge news like they did this week, I've been on the hunt for a new profile that could take advantage of this interesting situation.
What I found was a profile that has shown the ability to make unreal short term runs.
In fact, since the turn of the new year, this profile has exhibited two major breakouts of 742% run from a January 4th low to a January 8th high and a 400% run from a February 5th low to a February 9th high.
Could this profile's next breakout be staring us in the face?
Drop what you're doing now and get this breakout idea on your radar for Thursday, March 4th:
Extreme Vehicle Battery Technologies Corp. (CSE: ACDC)
Extreme Vehicle Battery Technologies Corp. is a blockchain and battery technology company with revolutionary, patented Battery Management Systems (BMS) designed to meet the growing demand for scalable, smart solutions for the rapidly growing Electric Vehicle (EV) and Energy Storage Solution (ESS) markets. The company has committed to assisting global recycling solutions by offering recycling initiatives using their technology to analyze and fully refurbish used batteries.
Extreme Vehicle Battery Technologies Corp. also trades on the OTC Markets under the symbol (CRYBF).
Right now, the company has 5 potential breakout catalysts you need to put your eyes on.
Your No. 1 (CSE: ACDC) Potential Catalyst - IoniX Pro RV Freedom Battery Launch
EV Battery Tech Announces the Launch of the IoniX Pro RV Freedom Battery
VANCOUVER, BC, Feb. 24, 2021 /CNW/ - Extreme Vehicle Battery Technologies Corp. (the "Company" or "EV Battery Tech") (CSE: ACDC) is pleased to announce the official launch of the IoniX Pro Recreational Vehicle Freedom (the "RV Freedom").
The Company recently announced its intention to launch its RV Series on January 26, 2021 and has today begun taking orders for the first product in the series, the RV Freedom, through the IoniX Pro website www.ionixpro.com.
The Recreational Vehicle (RV) market was estimated at US $51Bn in 2019, and projections are showing the US market to hit US $77Bn by 2026. The Company believes it is entering the market at an ideal time to meet consumer demand with an advanced product.
"Between the CV 19 pandemic limiting international travel, and safe domestic travel, we are excited to bring one of the most advanced RV batteries to the market," said EV Battery Tech CEO, Bryson Goodwin.
"We believe that RV enthusiasts should have the choice of renewable energy and the option to travel with the ease, comfort, reliability and the green choice of eco-friendly battery technology," continued Mr. Goodwin.
The RV Series is not just for RV's, but was also designed for the following use cases:
- Recreational vehicle accessories
- Backup power for camp sites
- Backup power for remote lodging
- Emergency power supply for cars, boats, and trucks
The Company is also pleased to launch its new, redesigned renderings of its IoniX Pro Home SmartWall and TITAN Pro series, in stainless steel coverings, available to view on the IoniX Pro website.
"Keep an eye out, we anticipate additional product announcements, technology advancements and exciting joint ventures to look forward to in 2021," concluded Goodwin.
Read the full article here.
Your No. 2 (CSE: ACDC) Potential Catalyst - Four New Members Join Advisory Board
EV Battery Tech Adds Four Strategic Members to Advisory Board Including Daymak CEO and RichPower CEO
VANCOUVER, BC, Feb. 16, 2021 /CNW/ - Extreme Vehicle Battery Technologies Corp. ("EV Battery Tech" or the "Company") (CSE: ACDC) is pleased to announce new high caliber additions to its advisory board. Last week, the Company announced a partnership with Daymak, Canada's largest supplier of Light Electric Vehicles (LEV) and today, Aldo Baiocchi, Daymak's CEO, and Jack (Jingke) Han, the Founder, Chairman and CEO of Jiangsu RichPower New Energy Co. Ltd. ("RichPower"), the Company's Chinese partner, have both joined the Company's advisory board. Rounding out the A-list additions are serial entrepreneurs , Dr. Eric (XingHua) Pu and RichPower principal and Vice President Tina (Weiping) Zhang.
Daymak CEO Aldo Baiocchi is no stranger to the ESS (Energy Storage System) market. His company is the largest LEV supplier in Canada and has done over $100Mn dollars in sales. Approximately 30% of Daymak's manufacturing costs are spent on battery systems, which EV Battery Tech plans to soon produce for Daymak.
"It is quite an honor joining an Advisory Board with such talented members, in such a fast-growing Company," said Daymak CEO Aldo Baiocchi. "Together, I am confident our shared experience will contribute in bringing cutting-edge products to the market and achieving spectacular sales across North America."
Jack (Jingke) Han, the Founder and Chairman of RichPower has over a decade of professional experience in safe, reliable and efficient usage of battery systems. He has also developed embedded system and applications with the help of a cloud-based platform and artificial intelligence. Mr. Han holds a bachelor's degree in electrochemistry and a master's degree in microelectronics from the Harbin Institute of Technology.
Dr. Eric (XingHua) Pu has founded several technology companies including some of China's leading hardware and firmware companies. Dr. Pu is also one of the founders of Intelligent Battery Services Ltd, and obtained his Bachelors of Science in Geophysics from the University of Science & Technology of China, his Masters of Science in Geophysics from State Seismological Bureau of China and his Ph.D. in Geophysics from the University of Victoria.
Tina (Weiping) Zhang graduated with bachelor's degree in Chinese Department of Nanjing University, she worked in Xinhua Daily News as a reporter for 11 years, focusing on news in the field of science and technology. Later, she served as the general manager of East China at Elong(dot)com, which was acquired by the largest online travel agency in China (Ctrip). She is a shareholder of RichPower and serves as its vice president, responsible for the company's overseas markets and cooperation.
"The addition of members of this caliber is a testament to the consumer products that we have started to launch," said EV Battery Tech CEO Bryson Goodwin. "I am honoured to be working with this experienced team and believe that together we will fuel the momentum we have built between partnerships and new products launches that are still to come," Goodwin concluded.
Read the full article here.
Your No. 3 (CSE: ACDC) Potential Catalyst - L.O.I To Form Joint Venture With Hillcrest Petroleum Ltd.
EV Battery Tech signs Letter of Intent to Develop ESS Solutions for Renewable Energy
VANCOUVER, British Columbia, Nov. 18, 2020 (GLOBE NEWSWIRE) -- Extreme Vehicle Battery Technologies Corp. (the “Company” or “EV Battery Tech”) (CSE: ACDC) is pleased to announce that it has signed a letter of intent to form a joint venture with Hillcrest Petroleum Ltd. (TSX-V: HRH; OTCQB: HLRTF) (“Hillcrest”). The purpose of the joint venture will be for each party to contribute their respective clean energy intellectual property, technology, specialized technical capability and management to develop and commercialize scalable, smart, renewable energy management systems to service the rapidly growing electric vehicle (EV) and energy storage solutions (ESS) markets.
Through partnership and combined expertise, the Company and Hillcrest intend to jointly develop and market power systems and technologies to commercial and residential communities, electrical equipment manufacturers and industries where energy efficiency and energy storage solutions are fundamental to achieving carbon neutrality and energy self-sufficiency. The parties hope to enter into a definitive agreement respecting the proposed joint venture by the end of 2020.
Hillcrest’s motor and generator control system technology provides system components complimentary to EV Battery Tech’s battery management systems (BMS) and ESS technology. Specifically, the components could be used for controlling and optimizing electricity generation and storage as part of optimized power systems to effectively generate, store and deploy clean power from renewable sources to a potential multitude of uses. Potential commercial users of these systems include residential and business communities, companies that manufacture renewable energy generation equipment, EVs and the Company’s proprietary smart charging stations.
“Aligning and combining our technologies, opportunities and abilities of both companies will result in robust, leading edge, clean energy propositions targeting rapidly developing markets for renewable energy systems,” commented Don Currie, CEO of Hillcrest.
Bryson Goodwin, President and CEO of the Company comments: “Our recent EcoVille news release highlights our commitment to create some of the worlds most eco-friendly ESS solutions enabling buildings to source power from renewable sources and deploy energy reliably throughout the day. The EcoVille ESS solutions will be powered by the Company’s patented Battery Management System (BMS) which has revolutionary features such as real-time monitoring and remote maintenance. Our signed letter of intent with Hillcrest represents a potential marriage of two fundamentally compatible and synergistic technologies. Hillcrest offers a system which, when combined with our proprietary technology, may give a competitive edge to both parties’ ESS and variable power consumption solutions. The world is transitioning to “Smart” effective green solutions and ACDC is proud to be at the forefront in these developments.”
Read the full article here.
Your No. 4 (CSE: ACDC) Potential Catalyst - Agreement With EcoVille Ltd. To Provide Energy Solutions
EV Battery Tech Signs Definitive Agreement to Supply a $100Mn EcoVille Development Project with ESS Solutions for Renewable Energy, Buildings and EV Charging Stations
VANCOUVER, British Columbia, Nov. 12, 2020 (GLOBE NEWSWIRE) -- Extreme Vehicle Battery Technologies Corp. (the “Company” or “EV Battery Tech”) (CSE: ACDC) is pleased to announce that on November 10, 2020 it entered into an agreement with Squamish EcoVille Ltd. dba EcoVille Ltd. (“EcoVille”), to provide energy storage system (ESS) and electric vehicle (EV) charging solutions for their upcoming carbon-neutral, self-sufficient eco-community (the “Agreement”).
Pursuant to the Agreement, EV Battery Tech has been engaged by EcoVille as the exclusive provider of ESS solutions for its Squamish development’s renewable energy generation systems and buildings. EV Battery Tech has also been engaged to supply “Smart” charging stations to be installed in the development and provide services such as real-time monitoring. The Agreement lays out an implementation and roll-out plan for each phase of the EcoVille Squamish project. The project is expected to generate sales of ESS and EV Charging products supplied through the application of the Company’s technology.
About the EcoVille Development
EcoVille develops eco-communities by bringing together innovative technologies that enable communities to achieve self-sufficiency and carbon neutrality. Currently, EcoVille is developing projects in Squamish and Vancouver, British Columbia.
“We are not looking to be just a developer, but a community builder that harmonizes with surrounding nature, and generates a learning environment for individuals to understand our options to reduce our impact on the climate,” commented Geoff Forrester, a Senior Member of EcoVille’s leadership team.
“We are very excited to work with EV Battery Tech. Their technology fits perfectly into our scope to have a clean, sustainable community and their solutions are more cost-effective than our alternatives. We believe this is the beginning of a long and fruitful business relationship,” continued Mr. Forrester.
Carbon-Neutral Eco-Community - Batteries Included!
EcoVille intends to create some of the world's most eco-friendly buildings by implementing the appropriate technologies. EV Battery Tech will play a large role by providing ESS solutions enabling buildings to source power from renewable sources and deploy energy reliably throughout the day. The ESS solutions will be powered by the Company’s patented Battery Management System (BMS) which has revolutionary features such as real-time monitoring and remote maintenance.
Renewable energy is one of the most effective tools we have in the fight against climate change, according to the Natural Resources Defense Council (NRDC). Power generation from wind, solar and other intermittent power sources are only possible with ESS solutions. EV Battery Tech is providing state of the art ESS solutions for EcoVille to ensure it can make use of wind, solar and tidal renewable energy technologies, for its upcoming eco-friendly development.
Smart Charging StationsNo technologically advanced carbon-neutral development would be complete without charging stations set up for electric vehicles. EV Battery Tech will be providing EcoVille with some of the world’s first “Smart” charging stations that can be completely powered by renewable energy, provide real-time data and function independently of power grids.
“The business model for using smart charging stations based on EV Battery Tech’s ESS solutions is a no brainer. It allows for a win-win solution for everyone involved,” stated Mr. Forrester.
Bryson Goodwin, President and CEO of the Company comments:
“Clean communities are the future, and with the impact our technology will have on these communities’ bottom lines, we are expecting significant expansion and sales in North and South America. EcoVille represents a growing demand for ESS solutions, where energy can be stored for consistent energy supply, eliminating many demand concerns that arise from clean communities.”
“This will be the flagship project to showcase the Company’s technology and will be leveraged to commercialize further into other communities.”
Read the full article here.
The company also recently released an update on both the Definitive Agreement with EcoVille and LOI with Hillcrest.
Read them here.
Your No. 5 (CSE: ACDC) Potential Catalyst - Closing Of Definitive Agreement With RichPower And IBT
EV Battery Tech Closes Acquisition to Bring Patented BMS Technology to North America, South America, Europe and Africa
VANCOUVER, British Columbia, Oct. 30, 2020 (GLOBE NEWSWIRE) -- Extreme Vehicle Battery Technologies Corp. (the “Company” or “EV Battery Tech”) (CSE: ACDC) is pleased to announce that it has signed a marketing and development agreement with Jiangsu RichPower New Energy Co. Ltd. (“RichPower”) and Intelligent Battery Technologies (“IBT”) and closed the acquisition contemplated in its distribution and technology license agreement with Rich Power and IBT (the “Definitive Agreement”).
RichPower is a leader in the battery management system (BMS) and energy storage system (ESS) industries in China. A vertically integrated company, RichPower is involved in activities ranging from research and development to battery production. RichPower operates facilities in Shanghai and Suzhou, two of the largest cities in China. The facilities are host to some of the world’s top research experts and state-of-the-art manufacturing equipment. These facilities offer turnkey and full-cycle services, providing products and services to the electric vehicles, power grid system providers, remote mine energy and commercial building power applications markets.
RichPower has been able to differentiate itself by its ability to use Artificial Intelligence (“AI”) to remotely manage and significantly extend the life of any battery system. Through the use of AI, it has developed a “smart” BMS that learns and evolves with user behaviours resulting in a significant increase in power saving and efficiency. Its AI algorithms can specifically predict future failures and provide more stable operations and remote maintenance on battery systems.
RichPower holds more than 70 national patents ranging from software, technology, invention and utility authorization, with several more patents pending. With RichPower’s experienced R&D department, the Company has no doubt they will continue to provide leading edge customized solutions for the Company’s clients in the North American, South American, European and African markets (the “Target Markets”).
The closing of the Definitive Agreement will now allow EV Battery Tech to develop battery technologies for the Target Markets with features which include, but are not limited to:
- Artificial Intelligence
- Real-time Monitoring
- Remote Maintenance
- Longer Battery Life
- More Efficient Power Supply
- Smart Charging Systems
- Battery Recycling
- Blockchain Infrastructure
“We are very happy to be bringing our technology to the global markets through our partner EV Battery Technologies,” stated Jingke (Jack) Han, President and CEO of RichPower. “We are extremely proud of our technology and the market share we have captured in Asia and we are now excited to partner with EV Battery Tech to become a disruptive force in the global markets,” continued Mr. Han.
Rich Power has created a majority-owned subsidiary, IBT, to assist in developing RichPower’s technologies in the North American market. EV Battery Tech will be working closely with IBT to develop its blockchain technology and adapt RichPower’s battery technology for the North American markets.
“EV Battery Tech is just the business partner we needed to get RichPower’s ground-breaking technologies into international markets, starting here, in North America. We are excited to be able to commercialize quickly with the help of EV Battery Tech,” commented Yoga Yogendran, President and CEO of IBT.
“We are very fortunate to be bringing a proven technology to the North American market,” stated Bryson Goodwin, President and CEO of EV Battery Tech. “RichPower has not only commercialized these technologies, but made a name for themselves in China. We now have the opportunity to work with them to become an early mover in the North American market,” concluded Mr. Goodwin.
Read the full article here.
(CSE: ACDC): Top 5 Potential Catalyst Recap
No. 1 - IoniX Pro RV Freedom Battery Launch
No. 2 - Four New Members Join Advisory Board
No. 3 - L.O.I To Form Joint Venture With Hillcrest Petroleum Ltd.
No. 4 - Agreement With EcoVille Ltd. To Provide Energy Solutions
No. 5 - Closing Of Definitive Agreement With RichPower And IBT
Coverage is officially initiated on (CSE: ACDC). While you still have time now, do this: