{"id":454054,"date":"2021-03-09T13:03:16","date_gmt":"2021-03-09T18:03:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=454054"},"modified":"2021-03-09T13:03:16","modified_gmt":"2021-03-09T18:03:16","slug":"neovolta-expands-to-dedicated-production-facility","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/neovolta-expands-to-dedicated-production-facility\/","title":{"rendered":"NeoVolta Expands to Dedicated Production Facility"},"content":{"rendered":"

\nManufacturing and Production Efficiency Expected to Double at New Facility
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SAN DIEGO, March 09, 2021 (GLOBE NEWSWIRE) — NeoVolta Inc. (OTCQB: NEOV) \u2013 NeoVolta, manufacturer of Smart Energy Storage Systems, has opened a new dedicated manufacturing location in Poway, just north of San Diego. This state-of-the-art, energy-efficient facility with more than 15,400 square feet of space will support the company\u2019s rapid growth by providing double the production and shipping efficiency.<\/p>\n

The complex features four shipping and receiving docks, two at ground level and two above ground. This setup significantly increases efficiency. The floor plan has four times the space for finished goods, which can now be kept separate from production and shipping areas. Exterior storage is also available if needed.<\/p>\n

The additional space at the facility will accommodate automation of labor-intensive tasks such as packaging and wire cutting. NeoVolta will also have the option of future expansion at the site.<\/p>\n

\u201cWe are thrilled to have outgrown our previous co-located home,\u201d said NeoVolta CEO Brent Willson. \u201cThis facility represents a major investment in our future, and we could not be more proud of it.\u201d<\/p>\n

The new site increases NeoVolta\u2019s capability to support growing demand for its advanced home energy storage systems. In the second half of 2020, the company expanded its installation network to Northern California, Nevada, Arizona, and Utah. In August 2020, NeoVolta signed a three-year exclusive distribution agreement with PMP Energy<\/a>. In exchange for a minimum of up to $15 million in purchase orders, PMP Energy will provide dealers with training and certification to install NeoVolta storage systems in homes and other locations.<\/p>\n

NeoVolta\u2019s flagship NV14 energy storage system<\/a> has a very high storage capacity of 14.4 kilowatt-hours, expandable to 24.0 kWh with the optional NV24 battery<\/a>\u2014without the expense of a second inverter. The system\u2019s inverter discharges 7.7 kilowatts of instantaneous power, more than most competitors in its class. Another key feature is safety: NeoVolta\u2019s lithium iron phosphate battery chemistry is the nonflammable and nontoxic alternative to lithium ion.<\/p>\n

For its safety, high performance and compatibility with any solar system, new or existing, the NV14 has been named one of Solar Power World\u2019s top storage products<\/a> two years in a row.<\/p>\n

\n About NeoVolta – <\/strong>NeoVolta designs, develops and manufactures utility-bill reducing residential energy storage systems capable of powering your home even when the grid goes down. With a focus on safer Lithium-Iron Phosphate (LiFe(PO4)) chemistry, the NV14 is equipped with a solar rechargeable 14.4 kWh battery system, a 7,680-Watt inverter and a web-based energy management system with 24\/7 monitoring. By storing energy instead of sending it back to the grid, consumers can protect themselves against blackouts, avoid expensive peak demand electricity rates charged by utility companies when solar panels aren\u2019t producing, and get one step closer to grid independence. Customers can expand the NV14\u2019s capacity to an industry-leading 24.0 kWh with the optional NeoVolta NV24 add-on battery. NeoVolta has added generator compatibility and is working on other industry leading improvements that will be announced soon.<\/p>\n

For more information visit: http:\/\/www.NeoVolta.com<\/strong><\/a> email us: IR@NeoVolta.com<\/strong><\/a> or call us: 858-239-2029<\/strong><\/p>\n

\n Forward-Looking Statements: <\/strong>Some of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, the future performance, reliability and safety of NeoVolta\u2019s NV14 storage system and the ability of the NV14 to be successfully integrated with residential backup generators. Although NeoVolta believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. NeoVolta has attempted to identify forward-looking statements by terminology including ”believes,” ”estimates,” ”anticipates,” ”expects,” ”plans,” ”projects,” ”intends,” ”potential,” ”may,” ”could,” ”might,” ”will,” ”should,” ”approximately” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those discussed under the “Risk Factors” section of NeoVolta\u2019s Form 1-A filing filed with the Securities and Exchange Commission (“SEC”) and updated from time to time in its other public filings with the SEC. Any forward-looking statements contained in this release speak only as of its date. NeoVolta undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.<\/p>\n


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Manufacturing and Production Efficiency Expected to Double at New Facility SAN DIEGO, March 09, 2021 (GLOBE NEWSWIRE) — NeoVolta Inc. (OTCQB: NEOV) \u2013 NeoVolta, manufacturer of Smart Energy Storage Systems, has opened a new dedicated manufacturing location in Poway, just north of San Diego. This state-of-the-art, energy-efficient facility with more than 15,400 square feet of space will support the company\u2019s rapid growth by providing double the production and shipping efficiency. The complex features four shipping and receiving docks, two at ground level and two above ground. This setup significantly increases efficiency. The floor plan has four times the space for finished goods, which can now be kept separate from production and shipping areas. Exterior storage is also available if needed. … <\/p>\n

Continue reading “NeoVolta Expands to Dedicated Production Facility”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-454054","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNeoVolta Expands to Dedicated Production Facility - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/neovolta-expands-to-dedicated-production-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NeoVolta Expands to Dedicated Production Facility - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Manufacturing and Production Efficiency Expected to Double at New Facility SAN DIEGO, March 09, 2021 (GLOBE NEWSWIRE) — NeoVolta Inc. (OTCQB: NEOV) \u2013 NeoVolta, manufacturer of Smart Energy Storage Systems, has opened a new dedicated manufacturing location in Poway, just north of San Diego. This state-of-the-art, energy-efficient facility with more than 15,400 square feet of space will support the company\u2019s rapid growth by providing double the production and shipping efficiency. The complex features four shipping and receiving docks, two at ground level and two above ground. This setup significantly increases efficiency. The floor plan has four times the space for finished goods, which can now be kept separate from production and shipping areas. 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