ITEM 8.01 Other Events
On
Fourth Wave has designed an energy system which is based on combining solar
power and other energy efficient technologies into one fully integrated system.
The
TheFourth Wave energy system is: o powered by solar photovoltaics and is managed with direct current advanced energy management controls o uses: o advanced battery storage systems; o efficient HVAC via ground-source energy; o LED lighting; and o solar energy for hot water heating. o can be customized for new building construction and to retrofit existing structures.
In connection with this acquisition
On
After the option with GEOS Neighborhood's expired,
The GSP system is designed to significantly reduce energy consumption and associated greenhouse gas emissions in residences and commercial buildings, while improving indoor air quality. By improving the building envelope, reducing energy loads, and generating on-site renewable solar energy the system offers a highly-efficiency whole-home energy upgrade.
The GSP system includes: o home energy audit and environmental analysis; o improved building envelope, including upgrades to insulation, sealing, and air tightness; o on-site photovoltaic power generation; o efficient heat pump heating, ventilation, and air conditioning (HVAC) technology; o LED lighting; o heat pumps for domestic hot water heating; o energy recovery ventilation systems; o advanced air filtration and distribution; and o 220v electric vehicle charger Optional equipment and services includes: |X| Battery storage system |X| Hot tub and pool heaters |X| Xeriscape and landscape design |X| ground source geothermal technology for heating and cooling; o air source heating and cooling depending on home conditions and requirements;
As of
Name Change
On
DeSol Power Tile
On
DeSol Power Tile is based in
For more information concerning DeSol Power Tile visit its website at https://www.desolpowertiles.com/.
The acquisition of DeSol Power Tile is subject to a number of conditions, including the execution of a definitive agreement between the parties.
Spin-Off
FWAV plans to concentrate on the sale of solar panel roofs and no longer
plans to pursue the GSP System. As a result, on
GST also assumed all liabilities (approximately
The Spin-Off is subject to the effectiveness of a registration statement that GST will file with the Securities and Exchange Commission. The date for determining which shareholders of FWAV will receive shares of GST in the Spin-Off (the "Record Date") will be determined shortly before the effective date of GST's registration statement. This report is not an offer of any securities of GST and GST is not soliciting offers to acquire the securities of GST.
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