MILWAUKEE, Dec. 4, 2018 /PRNewswire/ -- EnSync, Inc. (NYSE
American: ESNC), dba EnSync Energy Systems, which is creating the
future of electricity with innovative residential and commercial
distributed energy resource (DER) systems and Internet of Energy
(IOE) control platforms, today announced a partnership with
WindStax Energy to build a microgrid at a new PITT OHIO trucking terminal in Parma, Ohio.
The microgrid will utilize both solar energy and wind energy
generation through a 495-kilowatt (kW) photovoltaic system and
eight six-story-tall vertical wind turbines that add 48 kW to the
system. These resources will be integrated with EnSync Energy's DER
SuperModule,TM which houses 730 kilowatt hours of energy
storage, the Matrix EnergyTM Management system and DER
FlexTM IOE software platform for system command,
communication and control. The system will enable the
sustainability-minded trucking company to participate in net
metering programs, while also providing backup energy during grid
disturbances.
"Our multifaceted microgrid projects benefit from a partner like
EnSync Energy, whose all-in-one solution has saved us time and
brings consistency to the various components," said WindStax Energy
CEO Ronald Gdovic. "Together, we
have designed a system that will deliver cost savings and reliable
energy to PITT OHIO's trucking
operations."
"Our ability to easily integrate and prioritize multiple
distributed energy resources is recognized as a distinct advantage
in microgrid projects, and our market success in Hawaii is now creating opportunities on the
mainland," said EnSync Energy Executive Vice President Dan Nordloh. "We look forward to helping
PITT OHIO and WindStax accomplish
their objectives of clean, affordable and resilient energy projects
for this and other facilities throughout the Midwest."
"Our latest trucking terminal reflects our goal to be
sustainability pioneers in the freight transportation industry,"
said Justine Russo, Director of
Sustainability and Business Intelligence at PITT OHIO. "PITT
OHIO is excited to partner with innovators like WindStax and
EnSync to enable our implementation of renewable energy. The
renewable energy microgrid in Parma is a critical part of PITT OHIO's Triple Bottom Line sustainability
strategy around People Planet and Purpose."
Construction has commenced and is expected to finish in the
spring of 2019.
About EnSync Energy Systems
EnSync, Inc. (NYSE American: ESNC), dba EnSync Energy Systems,
is creating the future of electricity with innovative distributed
energy resource (DER) systems and Internet of Energy (IOE) control
platforms. EnSync Energy ensures the most cost-effective and
resilient electricity, delivered from an electrical infrastructure
that prioritizes the use of all available resources, such as
renewables, energy storage and the utility grid. As project
developer, EnSync Energy's distinctive engagement methodology
encompasses load analysis, system design consulting and technical
and financial modeling to ensure energy systems are sized and
optimized to meet our customers' objectives for value and
performance. Proprietary direct current (DC) power control
hardware, energy management software and extensive experience with
numerous energy storage technologies uniquely positions EnSync
Energy to deliver fully integrated systems that provide for
efficient design, procurement, commissioning and ongoing operation.
EnSync Energy's IOE control platform adapts easily to ever-changing
generation and load variables, as well as changes in utility prices
and programs, ensuring the means to make or save money
behind-the-meter, while concurrently providing utilities the
opportunity to use DERs for an array of grid-enhancing services. In
addition to direct system sales, EnSync Energy includes power
purchase agreements (PPAs) in its portfolio of offerings, which
enables electricity savings for customers and provides a stable
financial yield for investors. EnSync Energy is a global
corporation, with joint venture Meineng Energy in AnHui, China and energy project development
subsidiary Holu Energy LLC in Hawaii. For more information, visit
www.ensync.com.
About WindStax
WindStax Energy is a full-service developer of integrated
alternative energy solutions. WindStax® makes the largest vertical
wind turbines in the United
States. Our award winning turbines are a distinctive feature
of our hybrid wind and solar microgrids that are changing
industry's perspective of energy as a commodity to energy as an
opportunity. We create prosumers - energy consumers who generate
and consume renewable energy with the option to use utility power
as a backup and send excess energy to the grid. WindStax patented
technology eliminates most of the constraints of traditional
windmills. They are silent, avian and neighbor-friendly, and offer
an attractive ROI as a stand-alone system or as a supplement to
solar energy. Made in the US. For more information, visit
http://windstax.com
About PITT OHIO
In adhering to their "We're Always There For You" signature
commitment, PITT OHIO is dedicated
to providing their customers with the best value in its SUPPLY
CHAIN, GROUND, Less-Than-Truckload (LTL) and TRUCKLOAD
services. Headquartered in Pittsburgh, PA, PITT
OHIO services the entire Mid-Atlantic and Mid-West regions
and the remainder of the United
States and Canada with the
PITT OHIO Transportation Group and
additional North American service providers. To contact
PITT OHIO, please visit their
website at www.pittohio.com.
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of Section 274 of the Securities Act of 1933, as
amended, and Section 2lE of the Securities Exchange Act of 1934, as
amended, that are intended to be covered by the "safe harbor"
created by those sections. Forward-looking statements, which are
based on certain assumptions and describe our future plans,
strategies and expectations, can generally be identified by the use
of forward-looking statements other than statements of historical
facts included in this press release regarding our strategies,
prospects, financial condition, operations, costs, plans and
objectives are forward-looking statements. Examples of
forward-looking statements include, among others, statements we
make regarding project completion timelines, our ability to
monetize our PPA assets, statements regarding the sufficiency of
our capital resources, expected operating losses, expected
revenues, expected expenses and our expectations concerning our
business strategy. Forward-looking statements are neither
historical facts nor assurances of future performance. Instead,
they are based only on our current beliefs, expectations and
assumptions regarding the future of our business, future plans and
strategies, projections, anticipated events and trends, the economy
and other future conditions. Because forward-looking statements
relate to the future, they are subject to inherent uncertainties,
risks and changes in circumstances that are difficult to predict
and many of which are outside of our control. Our actual results
and financial condition may differ materially from those indicated
in the forward-looking statements. Therefore, you should not rely
on any of these forward-looking statements. Important factors that
could cause our actual results and financial condition to differ
materially from those indicated in the forward-looking statements
include, among others, the following: our historical and
anticipated future operational losses and our ability to continue
as a going concern; our ability to raise the necessary capital to
fund our operations and the risk of dilution to shareholders from
capital raising transactions; our ability to successfully
commercialize new products, including our EnSync Home Energy
System, MatrixTM Energy Management, DER FlexTM, DER
SuperModule, and AgileTM Hybrid Storage Systems; our ability to
lower our costs and increase our margins; our product, customer and
geographic concentration, and lack of revenue diversification; the
length and variability of our sales cycle; our dependence on
governmental mandates and the availability of rebates, tax credits
and other economic incentives related to alternative energy
resources and the regulatory treatment of third-party owned solar
energy systems; and the other risks and uncertainties discussed in
the Risk Factors and in Management's Discussion and Analysis of
Financial Condition and Results of Operations sections of our most
recently filed Annual Report on Form l0-K and our subsequently
filed Quarterly Report(s) on Form l0-Q. We undertake no obligation
to publicly update any forward-looking statement, whether written
or oral, that may be made from time to time, whether as a result of
new information, future developments or otherwise.
EnSync Energy Media Contact:
Lisa Nash
Antenna Group
ensync@antennagroup.com
646-883-4296
Michelle Montague
mmontague@ensync.com
(262) 735-5676
Investor Relations Contact:
Lytham Partners, LLC
Robert Blum, Joseph Diaz, or Joe Dorame
(602) 889-9700
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SOURCE EnSync, Inc.