SALT LAKE CITY, July 29, 2020 /PRNewswire/ -- CleanSpark,
Inc. (Nasdaq: CLSK), a diversified software and services company,
today announced it has been awarded a contract to provide controls
and storage for a commercial microgrid located in Southern California. CleanSpark expects to
realize in excess of $300,000 in
initial revenues from the project as well as a long-term software
subscription.
This microgrid project is designed to provide economic
optimization and cost avoidance, as well as energy resiliency for
the facility. CleanSpark's patented mPulse controls platform will
manage a Battery Energy Storage System ("BESS") paired with
photovoltaic rooftop solar panels.
Zach Bradford, CEO of CleanSpark
said, "Our mPulse controller will optimally manage all of the
distributed energy assets to ensure the customer will realize the
strongest ROI while maintaining resiliency in the event of a grid
disruption. This project requires a particularly short execution
timeline due to the client's urgent needs. CleanSpark's flexible
software architecture and ease of deployment enabled us to commit
to the required timelines. The ability to meet this rapid
deployment schedule is yet another example of how CleanSpark's
disruptive approach to energy management is a significant
competitive advantage."
Parties interested in learning more about CleanSpark's services
are encouraged to inquire by contacting the Company directly at
info@cleanspark.com or visiting the Company's website at
https://www.cleanspark.com.
Investors are encouraged to contact the Company
at ir@cleanspark.com, or visiting the Company's website
at https://ir.cleanspark.com/ where recent presentations
and case studies are available to view.
About CleanSpark:
CleanSpark a software and services
company which offers software and intelligent controls for
microgrid and distributed energy resource management systems and
innovative strategy and design services. The Company provides
advanced energy software and control technology that allows energy
users to obtain resiliency and economic optimization. Our software
is uniquely capable of enabling a microgrid to be scaled to the
user's specific needs and can be widely implemented across
commercial, industrial, military, agricultural and municipal
deployment. Our product and services consist of intelligent energy
controls, microgrid modeling software, and innovation consulting
services in design, technology, and business process methodologies
to help transform and grow businesses.
Forward-Looking Statements:
CleanSpark cautions you
that statements in this press release that are not a description of
historical facts are forward-looking statements. These statements
are based on CleanSpark's current beliefs and expectations. The
inclusion of forward-looking statements should not be regarded as a
representation by CleanSpark that any of our plans will be
achieved. Actual results may differ from those set forth in this
press release due to the risk and uncertainties inherent in our
business, including, without limitation: the fitness of a product
for a particular application or market, the expectations of future
growth and expected revenues may not be realized, timing of
microgrid deliverables, demand for our software products; and other
risks described in our prior press releases and in our filings with
the Securities and Exchange Commission (SEC), including under the
heading "Risk Factors" in our Annual Report on Form 10-K and any
subsequent filings with the SEC. You are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date hereof, and we undertake no obligation to
revise or update this press release to reflect events or
circumstances after the date hereof. All forward-looking statements
are qualified in their entirety by this cautionary statement, which
is made under the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995.
Contact - Investor Relations:
CleanSpark Inc.
Investor Relations
(801)-244-4405
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SOURCE CleanSpark, Inc.