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Tuesday, November 11, 2014 8:36:37 AM
Envision Solar recently announced over $2M in orders for its EV ARC(TM) and Solar Tree® HVLC products. These and future orders will be fulfilled in the new facility.
"This is a very important step in our evolution," said Desmond Wheatley, CEO of Envision Solar. "We have more contracted backlog than we have ever had and we believe that our growth trajectory is set to continue. I'm confident that having our own fabrication and assembly facility will significantly enhance our ability to reduce costs and delivery time while we improve quality and continue to evolve our products."
Envision Solar will start to produce EV ARC(TM) and Solar Tree® products at the new facility in the fourth quarter. The EV ARC(TM) products will be shipped to major corporate customers including a Silicon Valley based search engine company, a biotech company, a major automobile company and a Californian city. The Company will continue to source components from its current vendors.
Contact the Company for more information on its new headquarters and fabrication facility.
About Envision Solar International, Inc.
Based in San Diego, Envision Solar, www.envisionsolar.com, designs, manufactures and deploys unique, proprietary and architecturally accretive renewable energy media and branding systems and EV chargers with a Drag & Drop Infrastructure(TM) product line. The company's flagship products include the patent pending EV ARC(TM), patented Solar Tree® array and Solar Tree® Socket(TM).
This Press Release may contain forward-looking statements regarding future events or our expected future results that are subject to inherent risks and uncertainties. All statements in this Report other than statements of historical facts are forward looking statements. Forward looking statements are generally accompanied by terms or phrases such as "estimate," "project," "predict," "believe," "expect," "anticipate," "target," "plan," "intend," "seek," "goal," "will," "should," "may," or other words and similar expressions that convey the uncertainty of future events or results. Statements contemplating or making assumptions regarding actual or potential sales, market size and demand, prospective business contracts, customer orders, trends or operating results also constitute forward looking statements. Our actual results may differ substantially from those indicated in forward looking statements because our business is subject to significant economic, competitive, regulatory, business and industry risks which are difficult to predict and many of which are beyond our control. Our operating results, financial condition and business performance may be adversely affected by a general decline in the economy, unavailability of capital or financing for our prospective customers to purchase products and services from us, competition, changes in regulations, a decline in the demand for solar energy, a lack of profitability, a decline in our stock price, and other risks. We may not have adequate capital, financing or cash flow to sustain our business or implement our business plans. Current results and trends are not necessarily indicative of future results that we may achieve.
Image Available: http://www.marketwire.com/library/MwGo/2014/11/11/11G026027/Images/Untitled-1374082020463.jpg
Contact:Â
Morgan Coles
Envision Solar International, Inc.
(858) 799-4583
gosolar@envisionsolar.com
http://www.marketwatch.com/story/envision-solar-announces-the-opening-of-its-new-san-diego-fabrication-and-assembly-facility-2014-11-11?siteid=bigcharts&dist=bigcharts
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