PALM SPRINGS, Calif., April 3, 2014 (GLOBE NEWSWIRE) -- Solaris Power Cells, Inc. the creators of the Solaris SMART-CELL "Passive Electron Storage Array" ™, (the "Company") (OTCQB:SPCL) - Germany WKN: A1W9W5 - is pleased to announce that Solaris Power Cells Inc. has begun the development of a high end Passive Electron Storage Array™ (PESA™) powered Electronic Cigarette Vapor Mod also commonly known as a Vape Mod. A Vapor Mod is typically larger than a traditional e-cigarette that you find at a gas station and gives the consumer many more options as it pertains to smoke output, nicotine levels, fragrance and flavors. As of October of last year, Bloomberg BusinessWeek reported that there were over 3,500 brick and mortar electronic vapor shops in the United States.
The industry is growing rapidly due to the successful branding campaign as the safest and most satisfying alternative to traditional cigarettes. Not only does their ingredient list not include the hundreds of dangerous chemicals found in cigarettes, but they offer a much more psychologically satisfying experience than nicotine patches, or gum by allowing the user to mimic the act of actually smoking.
According to Business Insider and Bloomberg, forecasts show electronic cigarette's having a 3 billion dollar market segment by 2015 with sales reaching more than $10 billion by the year 2017.
The Solaris PESA™ Powered Electronic Cigarette Vapor Mod will have the sufficient energy storage for a full day of normal "Vaping" on one charge and it will also have a variable voltage switch which will allow the consumer to take up to competition level inhales. "Vaping" is the current preferred term used by people who use electronic cigarettes.
This unique combination of features makes for a product that can be marketable to the casual vaporizer user and the self-proclaimed professionals alike. The Solaris PESA™ powered Electronic Cigarette Vapor Mod will also offer a solution to the current industry issues with batteries. Rechargeable vaporizer batteries retail for 10 to 30 dollars apiece. Most of the high end mods require two of the 2000mAh batteries which individually take about 10 hours to charge from a normal house outlet. Also, batteries are prone to degradation and need to be replaced multiple times per year with normal use of the vaporizer. Our PESA™ system will charge rapidly, last for well over ten years with normal daily usage and recharging, and be able to handle the type of current outputs that the high end vaporizer users want, without the risk of chemical thermal runaway. In other words, a normal battery can take hours to recharge, whereas our product can recharge in significantly less time compared to similar voltage storage capacity. A typical battery has a lifespan of typically 500 charge and discharge cycles, whereas our product can have towards 500,000 charge and discharge cycles.
About Solaris;
Solaris Power Cells, Inc. (OTCQB:SPCL) is a diversified "green" energy storage manufacturer offering residential and commercial users turnkey, renewable energy storage solutions. Solaris manufactures the Solaris Power Cells™ for limited use electric vehicles such as golf cars. The Solaris Smart-Cell is a 100% lead-free, solid-state storage solution that makes renewable energy greener and better by allowing applications to utilize more of the energy generated. Solaris Power Cells provides a PCBA (printed circuit board assembly) energy storage solution. The Solaris Power Cell™ is capable of providing energy storage to applications normally reliant and equipped with highly toxic lead acid, nickel metal hydride or lithium-ion batteries. Solaris also plans on being a major player in the billion dollar global agricultural sector.
Forward-Looking Statements;
Statements in this press release that are not strictly historical in nature are forward-looking statements. These statements are only predictions based on current information and expectations and involve a number of risks and uncertainties. Forward-looking statements in this release include that we are about to manufacture our products, we can compete in the energy storage business, and our products will provide an energy storage solution to industry. The Company's products involve detailed proprietary and engineering knowledge and specific customer adoption criteria, hence factors that could cause actual results to be materially different include that we may be unsuccessful in raising any additional capital needs that may arise; we may not have sufficient capital to develop, produce and deliver orders; orders that are placed may be cancelled; product may not perform as well as expected; markets may not develop as quickly as anticipated or at all; or that the productive capacity of the company may not be large enough to handle market demand. Further, we are reliant on certain key employees who may leave the Company and we may be unable to protect or defend our intellectual property. Investors are cautioned against placing undue reliance on forward-looking statements. Refer to all public filings and risk factors included in the 8-K, 10-Q and 10-K as filed with the SEC.
For Further Information Solaris Power Cells, Inc. www.solarispowercells.com 1-760-600-5272 Tom Mahoney Green Arrow Consulting, Inc. Investor Relations 1-760-698-9632
