Golden Ally LifeTech Group Inc (AQPW)

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NEWS UPDATE:

23 November 2020, Palm Beach, Florida

Market Dynamics Favor the Expansion of Signet’s InCharge™ Magnetic Battery Device into the Electric Vehicle Market

With the recent announcements that California and the UK will phase out the sale of fossil fuel powered cars, market dynamics continue to favor Signet’s InCharge™ energy technology’s expansion into the transportation sector. The InCharge™ is an emerging new electrical energy source with the potential to power electric vehicles (EV) and much more.

The advanced energy source technology offers a solution to an EV market in dire need of reliable, clean energy to power cars over greater distances. The InCharge™, a patented, compact, and lightweight solid-state energy source technology, converts stored magnetic energy directly into electrical energy without a chemical reaction.

As the U.S.’s largest auto market, the InCharge™ holds much promise for California’s drive to end the sale of gas and diesel fueled vehicles in the state by 2035. Governor Gavin Newsom’s recently signed executive order intends to phase out internal combustion engines and replace them with zero-emission vehicles. The measure is a bid to eliminate harmful emissions—more than half of carbon pollution in California is presently caused by fuel emissions. READ MORE>>>

The InCharge™ magnetic solid-state energy source is also well-positioned for the burgeoning EV market in Europe. The UK is moving forward with its ban on new fossil fuel vehicles from 2040 to 2030. That decision ends the sale of new petroleum-based vehicles by 2030 to push the rollout of electric vehicles in Britain. The move places Britain in line with similar initiatives in Germany, Ireland and the Netherlands, places it ahead of France, which currently has a ban in place for 2040, and behind Norway, which plans to implement its ban in 2025. READ MORE>>>
All indications are that the InCharge™ will deliver significantly higher storage capacity and cycle numbers compared to available chemical-based or other advanced battery technology. For the EV market, the InCharge™ holds the promise to not only favorable change global energy storage technologies but, as it expands, advance it in a safer, greener direction.

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