SALT LAKE CITY, Oct. 15, 2020 /PRNewswire/ -- CleanSpark, Inc.
(Nasdaq: CLSK), a diversified software and services company, today
announced that it has been awarded a $370,000 order for its intelligent automatic
transfer switch (ATS) switchgear. The Company's intelligent
switchgear is used to automatically transfer power supply from a
primary source to a backup source when it senses a failure or
outage, thus assuring uninterrupted power. These intelligent
units also allow the system owner the opportunity to participate in
regional energy markets when it makes financial sense to sell
surplus power back to the grid. This order represents a follow-on
order for a Houston, TX based
energy developer specializing in natural gas turbine powered
microgrids. The final deployments of these units are expected
to be on multiple Texas locations
of the nation's largest retail chain.
"This intelligent switchgear order further validates
CleanSpark's unique energy solutions and strengthens our strong
revenue outlook to begin our new fiscal year. Increasing
frequency of power outages due to grid instability, natural
disasters and wildfires is expected to result in significant
continued interest for both our hardware and software solutions,"
stated Zachary Bradford,
CleanSpark's Chief Executive Officer.
Parties interested in learning more about CleanSpark's products
and 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/
About CleanSpark:
CleanSpark 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 the product for a particular application
or market, the expectations of future revenue growth may not be
realized, timing of orders and deliveries, ongoing demand for its
hardware, software products and related services, the impact of
global pandemics (including COVID-19) on the demand for its
products and services; 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.