SAN FRANCISCO, July 10, 2018 /PRNewswire/ -- EnSync, Inc.
(NYSE American: ESNC), dba EnSync Energy Systems, a leading
developer of innovative distributed energy resources (DERs),
business models and controls, announced today that the company will
feature an interactive livestream at Intersolar North America of a
system running the EnSync Home Energy System (EnSync Home), which
includes solar, energy storage, power electronics and an Internet
of Energy control platform.
Booth visitors will be able to clearly visualize different
optimized settings and the automatic energy flow of an intelligent
distributed energy resource in real-time across five assets,
including the utility grid, a simulated home load, solar
generation, the True Peer-to-PeerTM DC-LinkTM
and the Wisconsin-based EnSync
Home system. They will learn how the system's DC-link connects
individual residential units in a multi-unit property complex to
enable peer-to-peer energy exchange, improves solar energy
economics and optimizes energy utilization.
"The innate desire for greater individual control and
flexibility has created megatrends across industries like
ridesharing and hospitality thanks to new technologies and business
models that can deliver on making it a reality," said Brad Hansen, president and CEO of EnSync Energy.
"Residential energy is poised to be another market to experience
that massive disruption as homeowners seek energy independence from
the utility grid. EnSync will play a vital role in driving and
capitalizing on this megatrend. Visitors to our booth can learn how
the EnSync Home Energy System changes the game for residential
energy, whether for an individual home or a property complex with
several units connected on our DC-Link."
The livestream will educate around energy management to achieve
grid independence or comply with other policies and incentives. For
example, the system will be set to meet the federal Investment Tax
Credit requirement that passes on tax credits for storage systems
that are filled 100 percent with renewable energy. Throughout the
conference, the EnSync Energy team will also feature simulated
displays of how the system automatically reacts for optimized
energy management during special events, including:
- High in-rush events during off-grid operations
- Exporting to the DC-Link when household load is less than
photovoltaic production and batteries are fully charged
- A loss of the grid and reconnecting to the grid after a
blackout
- Storing and using backup power for mission critical needs
Intersolar North America will take place on July 10 through 12 in San Francisco. Conference attendees can visit
EnSync at booth #8119 to see and interact with a graphic user
interface and the livestreamed data. On the main dashboard, the
interface will show the real-time flow of energy between the five
assets. Users can click on a specific asset to see its activity
over time and how it compares to other assets. EnSync's booth will
also feature various hardware components of the EnSync Home system,
including the power electronics and battery enclosure.
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.
Safe Harbor Statement
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, 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 terms such as "believe," "expect," "may,"
"will," "should," "could," "seek," "intend," "plan," "goal,"
"estimate," "anticipate" or other comparable terms. All 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 operation 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
MatrixTM Energy Management, DER FlexTM, DER
SupermoduleTM, and Agile TM 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 described 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 10-K and our subsequently filed Quarterly Report(s) on Form
10-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:
Shreema Mehta
Antenna Group
ensync@antennagroup.com
(646) 957-3608
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.