MILPITAS, Calif.--(BUSINESS WIRE)--TurnOnGreen, Inc. (“TurnOnGreen” or the “Company”), announced today a strategic partnership with Endliss Power Inc (“EPI”), a cutting-edge e-commerce and renewable energy company based in San Francisco, California. The collaboration marks a milestone for the Company as it seeks to expand its networked electric vehicle (“EV”) charging infrastructure across North America, leveraging EPI’s expertise in administering and executing power purchase agreements with commercial clients.
Under this partnership, TurnOnGreen and EPI will deliver comprehensive sustainability solutions for installing, operating, and maintaining utility-scale solar power, energy storage systems, and EV charging stations. These solutions will come with minimal up-front costs for commercial customers. This partnership aligns with the growing demand for renewable energy and sustainable mobility and will attempt to support the transition to cleaner transportation across North America.
EPI is a US-based renewable energy solution provider that specializes in distributing clean energy products, including solar panels and energy storage systems. Additionally, EPI is an authorized distributor of solar products from the Chinese electric car maker, BYD.
“We are pleased to partner with Endliss Power to expand our sustainability product portfolio and provide prospective clients with a diverse range of purchasing options for EV charging infrastructure,” said Marcus Charuvastra, President of TurnOnGreen. “Building robust and reliable EV charging infrastructure in this economic climate requires creative partnerships with experienced renewable energy companies.”
According to the Solar Energy Industries Association1, solar accounted for 48% of all new electricity-generating capacity added to the US grid through the first three quarters of 2023. Wood Mackenzie, a global provider of data and analytics for the energy transition, expects the US solar industry to have grown by 55% in 2023 compared to the prior year, according to their latest report/press release.2
TurnOnGreen Chief Executive Officer Amos Kohn stated, “As we embark on this strategic partnership with EPI, we're aiming to pioneer a path towards a more sustainable future. By combining our expertise and proficiency in EV charging solutions with EPI's advanced solar and energy storage solutions, we’re striving to deliver more than just a product. Our goal is to offer a holistic, comprehensive solution that addresses both present and future energy needs. This collaboration reflects our dedication to innovation, sustainability, and community engagement.” Mr. Kohn further emphasized, "Together, we're not just charging vehicles; we're aiming to drive transformative change."
For more information on TurnOnGreen’s product line, please visit www.TurnOnGreen.com.
About TurnOnGreen
TurnOnGreen, Inc. (OTC: IMHC) designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets we serve include defense and aerospace, medical and healthcare, industrial, telecommunications and e-Mobility. TurnOnGreen brings decades of experience to every project, working with our clients to develop leading-edge products to meet a wide range of needs. TurnOnGreen headquarters are located at Milpitas, CA; www.TurnOnGreen.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.TurnOnGreen.com.
1 https://www.seia.org/research-resources/solar-market-insight-report-q4-2023
2 https://www.seia.org/news/solar-poised-record-setting-2023-while-economic-challenges-mount
