Sunvault Energy Launches Power Utility Sales in Alberta Through Aboriginal Power Corp
Edmonton, Alberta, Jun 11, 2015 – SUNVAULT ENERGY INC. (“Sunvault”) (“the Company”) (SVLT) (otcqb:SVLT) is pleased to announce that it has through its incubation company Aboriginal Power Corp, (“APC”) begun to add customers to its electricity utility power sales program. The company consumer website was recently launched at domain www.aboriginalpowercorp.com. Over the next few months the company expects to add approximately 3,000 customers through existing agreements with Aboriginal communities.
With conservative trading multiples within the power utility industry of minimum estimated 8 x net earnings, the expected valuation per customer for Aboriginal Power Corp is estimated to be approximately $2,000 CDN per customer. This estimated value per customer includes a soon to be launched natural gas offering that will be added to and in conjunction with the electricity offering. APC expects to be able to conservatively expand its customer base to 10,000 customers within the first year.
Aboriginal Power Corporation’s primary focus and mandate is to provide clean and green energy generation, electricity and natural gas retailing service and access to Sunvault Energy’s pioneering graphene energy storing technology.
“This is the first program in North America that will be solely focused on developing independence and sustainability within Aboriginal communities throughout Canada and the United States.” stated Trent Blind, President of APC. “This service will reduce power and natural gas pricing and increase the value proposition for Aboriginal Groups and their business partners”, he added.
Having energy independence creates more sustainable, healthy environments for all people, as well as protecting natural resources for present and future generations. APC has immense experience bringing renewable energy projects to market. The company engages in the development of a wide variety of energy resource projects for domestic consumption, industrial and commercial uses, as well as municipal benefit.
Alberta is a deregulated market and electricity flows from generators to consumers through the electrical grid. Aboriginal Power without interfering with the flow of electricity to the consumer is able to provide a discounted rate through the provision of bundled contract offerings, customer care and billing services.
About Aboriginal Power Corp:
Aboriginal Power Corporation (APC) is a renewable energy development, project, retail energy and resource management company unmatched in experience and leadership within Aboriginal Communities, APC can develop the most effective and truly sustainable renewable energy solutions for Aboriginal communities in Canada and the US. Having energy independence creates more sustainable, healthy environments for all people, as well as protecting natural resources for present and future generations.
About Sunvault Energy Inc:
Sunvault Energy Inc. is committed to bringing cost effective energy generation and energy storage to the world market through a seamless and novel integration of energy generation and storage. This technical approach is a first and has the potential to enable the lowest overall system cost at maximum efficiency. SunVault has further diversified by acquiring companies or assets that are immediately accretive and that will facilitate into the owning of quality non-cyclical assets.
For more information, visit the Sunvault Energy website at http://www.sunvaultenergy.com/ and/or [email protected]
Notice Regarding Forward-Looking Statements:
This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic conditions, our ability to achieve the expected benefits from the development agreement. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Sunvault Energy Inc.