SAN DIEGO, May 24, 2018 (GLOBE NEWSWIRE) -- Envision Solar International, Inc. , (OTCQB:EVSI) (“Envision Solar,” or the “Company”), the leading renewably energized EV charging, outdoor media and energy security products company, announced the successful delivery of another EV ARC™ product to a Department of Energy (DOE) National Laboratory to provide emissions-free EV charging for its fleet vehicles.
DOE National Laboratories are in the process of transitioning their fleets to zero-emissions vehicles (ZEVs). The EV ARC™ products’ ease of deployment and environmental impact-free installation coupled with the truly emissions-free driving it delivers were major factors in the Lab’s decision to select the EV ARC™ over grid-tied options. The processes associated with construction, trenching, concrete and electrical work, typical to grid-tied installations, can be particularly burdensome in National Laboratory settings. EV ARC™ products’ deployment in minutes with no construction or site work requirements makes the deployment of EV charging infrastructure much more executable, particularly in controlled environments.
“These repeat orders from government agencies give us a strong indication that our business model of making EV charging easy, rapid and scalable for high value customers is working,” said Envision Solar CEO Desmond Wheatley. “Historically high sales, backlog and pipeline give us further reason to feel that we continue to be on the right track.”
In many locations fleet vehicles are electrifying faster than the general driving public. So far this year, the mayors of LA, San Francisco, Portland, and Seattle have partnered on a Request for Information for 24,000 electric fleet vehicles and 30 other major cities are seeking the same information. According to Bloomberg, the landmark EV order has an estimated price of $10 billion. Envision Solar views fleets as a major opportunity and is currently supplying New York and many other cities.
Invented and manufactured in California, the patented EV ARC™ fits inside a parking space, but does not reduce available parking, and generates enough clean solar electricity to power up to 225 miles of EV driving in a day. The system’s solar electrical generation is enhanced by EnvisionTrak™ which causes the array to follow the sun, generating up to 25% more electricity than a fixed array. The energy is stored in the EV ARC™ product’s energy storage for charging day or night, and to provide emergency power during grid failure. Because the EV ARC™ product requires no trenching, foundations or installation work of any kind, it is deployed in minutes and can be moved to a new location with ease. EV ARC™ products are manufactured in the company’s San Diego facility by combat veterans, individuals with disabilities, and other minority demographics and highly talented, mission-driven team members.
About Envision Solar International, Inc. Envision Solar, www.envisionsolar.com, is a sustainable technology innovation company whose unique and patented products include the EV ARC™ and the Solar Tree® with EnvisionTrak™ patented solar tracking, SunCharge™ solar Electric Vehicle Charging, ARC™ technology energy storage, and EnvisionMedia solar advertising displays.
Based in San Diego, the company produces Made in America products. Envision Solar is listed on the OTC Bulletin Board under the symbol [EVSI]. For more information visit www.envisionsolar.com or call (858) 799-4583.
Forward-Looking Statements
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 forwarding-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.
Lucia Asbury Envision Solar International, Inc. (858) 799-4583 gosolar@envisionsolar.com
