SALT LAKE CITY, Dec. 15, 2020 /PRNewswire/ -- CleanSpark,
Inc. (Nasdaq: CLSK)("CleanSpark" or the "Company"), an advanced
software and controls technology solutions company, focused on
solving modern energy challenges, today announced it has partnered
with Symmetric Energy (Symmetric) to target new microgrid projects
in Northern California. The
objective will be to provide reliable back-up energy or off-grid
power using a combination of solar PV and energy storage for both
commercial and estate-level residential microgrids.
CleanSpark Signs Another Partner for Microgrid Deployments
Symmetric is designing solar and storage solutions that provide
"Peace of Mind" battery back-up services for residential customers
and energy security at an industrial scale for commercial
implementations. Symmetric is based in San Rafael, CA and serves all of the Bay Area
counties including Marin,
Sonoma, Napa, San
Mateo, Santa Clara, as well
as the surrounding areas which have a history of fire and
weather-induced power outages and demand constraints.
In anticipation of the partnership, CleanSpark and Symmetric
have already begun project development for off-grid residential
projects to be managed by CleanSpark's patented mPulse intelligent
controls for solar and storage. Additionally, the agreement
provides that mVSO, CleanSpark's design and modeling software, is
to be used to analyze upcoming projects and RFPs for Symmetric.
Amer Tadayon, CleanSpark's Chief
Revenue Officer commented, "We are excited to announce another
partnership with a well-established solar and storage developer in
California. We believe that partnering with CleanSpark for
design and controls software along with the co-marketing
capabilities of our team will allow Symmetric to rapidly generate
many more microgrid projects. With Symmetric, CleanSpark will
be able to provide mPulse to a substantial number of projects
through a trusted, existing relationship."
Elliott Jessup, Director of
Business Development for Symmetric Energy stated, "We had
identified the need to offer intelligent software and controls to
provide energy security, resiliency and cost-avoidance to our
long-term clientele. We analyzed a number of options and
determined that CleanSpark's control solution will best provide our
clients with savings, secure backup power, and even provide
off-grid capabilities when the need arises. CleanSpark will
provide us with the resources, relationships and technologies to
ensure that the energy solutions are properly optimized to meet the
needs of our discerning residential and commercial customers."
Parties interested in learning more about CleanSpark products
and services are encouraged to inquire by contacting the Company
directly at info@cleanspark.com or visiting the Company's website
at www.cleanspark.com.
Investors are encouraged to contact the Company
at mailto:ir@cleanspark.com, or visiting the Company's website
at https://ir.cleanspark.com/
CleanSpark periodically speaks at virtual conferences and
events, if the event was recorded the recordings can be found on
the events page at https://ir.cleanspark.com.
About CleanSpark:
CleanSpark, Inc., a Nevada
corporation, is in the business of providing advanced software and
controls technology solutions to solve modern energy
challenges. We have a suite of software solutions that
provide end-to-end microgrid energy modeling, energy market
communications and energy management solutions. Our offerings
consist of intelligent energy monitoring and controls, intelligent
microgrid design software, middleware communications protocols for
the energy industry, energy system engineering and software
consulting services.
About Symmetric:
Symmetric Energy provides custom tailored solutions to give your
home or place of work energy independence and a level
of energy cost savings that only a well-designed solar system
can provide, please inquire directly at info@symmetricenergy.com or
visit the website at https://www.symmetricenergy.com/
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 successful integration of the partnership with
Symmetric, the fitness of our energy software and solutions for
this particular application or market, the expectations of future
revenue growth may not be realized, ongoing demand for our software
products and related services, the impact of global pandemics
(including COVID-19) on the demand for our 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.