EDMONTON, ALBERTA -- (Marketwired) -- 06/01/15 -- SUNVAULT ENERGY INC. ("Sunvault") ("the Company") (OTCQB: SVLT) is pleased to announce that it has added Robert Murray-Smith PHD to its Board of Directors.
Dr. Robert Murray-Smith is a renowned PHD who wrote his PHD Thesis Titled: Dynamic simulations of carbons and carbon composite materials at Southhampton University in 1989. Since that time Robert has gone on to become one of the World's finest authorities on graphene. Graphene has many extraordinary properties. It is about 200 times stronger than steel, conducts heat and electricity with great efficiency and is nearly transparent.
In the early nineties, Dr. Murray-Smith was a Research Officer for Imperial Chemical Industries Plc. Later from 1993 to 1998 he was the Senior Research Officer at Sutton Chemicals in Huddersfield, Yorkshire.
Following as a consultant, Dr. Murray-Smith has developed mechanical testing methods for carbon fiber based polymer composites for the aerospace, military and general consumer applications.
His work with carbons, specifically his world leading work on graphene has lead to his welcomed appointment with Sunvault as a director of the company.
"We are extremely pleased to have Dr. Murray-Smith join our board of directors," commented Gary Monaghan, Sunvault Energy CEO. "His contributions towards the combined work on our graphene battery will lead to the development of a graphene battery that will be far beyond anyone's current expectations," he added.
Over the last number of weeks Sunvault technical team members and Dr. Robert Murray-Smith have developed what they believe to be a world changing graphene supercapacitor / battery. The size of the battery that the company believes it has created has far surpassed any industry expectations of what is believed could be created with graphene today. In the weeks to come the Company will begin independent third party verifications of this exciting development.
For clarification purposes, the battery that has been produced has been produced completely outside of the previously announced Supervault joint venture agreement. Sunvault Energy for speed to market reasons and for final product capability has developed in conjunction with Dr. Robert Murray- Smith a more robust and expansive graphene super capacitor /battery. A product with the fast charging elements of a supercapacitor combined with the power density of a battery. The methods used were not any used by the former Supervault JV.
Recently Sunvault Energy notified Supervault that it intends to withdraw from the joint venture because of the lack of a development plan that was to be initiated within 60 days of signature of the agreement.
The Company is very pleased with the advancements it has made on its own development initiatives and looks forward to future developments.
The next several weeks will involve conditioning and testing the battery and running through charging and discharging cycles. This will prepare for third party independent verification procedures.
About Sunvault Energy Inc.
Sunvault Energy Inc. is committed to bringing cost effective energy generation and energy storage to the solar industry 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 question@sunvaultenergy.com.
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. Such forward-looking statements include, among other things, that working with Universities will expedite Sunvault technology into real world applications, the ability to reduce the required footprint and cost associated to traditional solar energy generation, collection and storage, or that the technology has the potential to revolutionize how solar energy is generated, stored and utilized.
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.
Contacts:
Sunvault Energy Inc.
Gary Monaghan
1-778-478-9530
monaghan@sunvaultenergy.com
invest@sunvaultenergy.com
www.sunvaultenergy.com
