Sunvault Energy Signs Joint Venture Agreement and Creates Supervault Energy
KELOWNA, BC, March 12, 2015 /CNW/ - SUNVAULT ENERGY INC. ("Sunvault") ("the Company") (SVLT) is pleased to announce the creation of a joint venture company, Supervault Energy Inc. The newly formed joint venture company is 50% owned by Sunvault Energy Inc. SuperVault Energy Inc. has signed a license and development agreement to use certain UCLA developed patented Graphene technology for use in the area of Electricity storage such as battery alternatives.
The Sunvault Energy solar technology chipset allows for the generation, transfer and storage of energy within the same unit. The UCLA created patented process is useable in the manufacturing of a Super – Super Capacitor that is a bolt on technology for Sunvault's technology, as well as anywhere batteries of any type are used. The combination of these two technologies gives SuperVault the ability to create, transfer and store large amounts of energy within the same unit.
With the ability to cost effectively size these units to any power size, this revolutionizes the world of energy management, generation and storage as we now see it.
This new graphene energy storage device has a number of potential purposes, from the use by large utility operators for grid stabilization applications, right down to powering devices such as battery packs for Electric Cars and powering smart phones, which can then be fully charged to capacity within seconds to minutes. http://www.supervaultenergy.com
Sunvault directors: Governor Bill Richardson and Mr. Trent Blind have both joined the board of directors of Supervault Energy Inc.
The Company is hosting a Webinar for stakeholders, shareholders and interested parties on Wednesday, March 18th, 2015 at 4:30 PM Eastern / 1:30 Pacific
Please register for the Sunvault Update presentation on Mar 18, 2015 4:30 PM EDT / 1:30 Pacific at:
https://attendee.gotowebinar.com/register/9110988019948349442
Sunvault Energy welcomes you to an update conference with CEO Gary Monaghan and Presenters from UCLA on the newly formed Joint Venture company Supervault Energy Inc.
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