SALT LAKE CITY, Aug. 7, 2020 /PRNewswire/ -- CleanSpark,
Inc. (Nasdaq: CLSK), "the Company" a diversified software and
services company and Sunshine Energy Corp., (Sunshine) are pleased
to announce the consummation of an exclusive partnership. The
agreement allows Sunshine the exclusive right to market and sell
CleanSpark's products and services throughout the country of
Costa Rica. As part of the
agreement, Sunshine will license mVSO (microgrid Value Stream
Optimizer) energy modeling software for exclusive use in
Costa Rica. Additionally, Sunshine
agrees to procure all energy controls and energy storage systems
directly through the Company. CleanSpark agrees to provide
designated sales and consulting support to Sunshine, as well as
favorable pricing for technical support services on all relevant
projects.
Sunshine Energy is one of the largest energy developers in the
Country and is a subsidiary of Losko Costa Rica. Sunshine's
goal is to provide new energy innovation through technology, as a
result they are actively pursuing new microgrid development
throughout the region. Norfund, the Norwegian Fund for Developing
Countries and Sunshine have a strategic alliance that will
facilitate the financing of energy projects. Costa Rica has one of the cleanest electric
matrixes in the world. In 2018, the country managed to produce
98.6% of its energy from renewable sources.
Eduardo Kopper, CEO of Sunshine
Energy said about the partnership, "We are excited to have
CleanSpark as a partner to support and enhance Sunshine's vision
for delivering energy solutions to the people of Costa Rica by providing predictable resiliency
through microgrids. After completing extensive due diligence on
microgrid control providers, we found CleanSpark's solutions far
superior to their competitors. The platform's flexibility allows us
to pursue a best-in-class approach as technology changes or
improves over time which will bring the greatest value to our
customers."
Zach Bradford, CEO of CleanSpark
added, "To have a company like Sunshine choose us as their
exclusive microgrid partner is a significant win for CleanSpark and
further validation of our superior platform capability. Because a
large number of S&P 500 companies have operations in
Costa Rica, we recognize the
unique opportunity presented by this exclusive partnership. Our
work with Sunshine thus far has shown them to be a leader in the
solar and energy markets in Costa
Rica. Strong partnerships are paramount to our continued
success, especially as part of our international expansion
strategy. Supporting Sunshine's existing $20
million (USD) microgrid sales pipeline will be a priority
for our team."
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 is 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.
About Sunshine
Sunshine Energy is a subsidiary company of Losko Costa Rica, a
company dedicated to hydroelectric generation since 1994. A
collaborative force ready to lead the energy revolution in
Costa Rica. Sunshine is committed
to solar energy in Costa Rica
whose mission is to promote energy innovation through new
technologies, a positive environmental and economic transformation
that impacts the social development of the region.
Sunshine seeks to transform the world around us with a
commitment to clean energy and solar energy in Costa Rica and the region. For more
information on Sunshine Energy visit,
https://sunshine.tech
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 the product for a particular application
or market, the expectations of future growth may not be realized,
timing of deliveries of orders under contract, the successful
deployment of the partnership with Sunshine, demand for our
software products, the effect of COVID-19 on the economy and
markets, generally, 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.
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SOURCE CleanSpark, Inc.