The market demand for longer duration (>4 hours of discharge) continues to remain strong, with eight Community Choice Aggregators in
“Over the past four weeks our opportunity pipeline has grown 30 percent and now exceeds
New customers include a community energy co-op, federal contractor and an integrator with systems to be installed in domestic and global locations.
Verdant Microgrid, a custom microgrid solution provider that previously purchased Eos’s Znyth® battery technology, has committed to purchasing additional units that will be larger in size and scale than the original installation. These additional units will be deployed to project sites in
“We are pleased with the product and our expanding relationship, which has made Eos an excellent partner of choice for our future projects,” said
“These diverse and multi-regional projects illustrate how our technology defies convention by solving for a wide variety of energy storage challenges” Mastrangelo said. “The market recognizes the value in reliable, cost effective, clean energy storage and we are proud to meet that need, no matter the terrain, temperature, size or complexity.”
About Eos
Forward-Looking Statements
This press release includes certain statements that may constitute "forward-looking statements" for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about: the future financial performance of Eos; Eos’s plans for expansion and acquisitions; and changes in Eos's strategy, future operations, financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management. These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing the parties' views as of any subsequent date, and Eos does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. You should not place undue reliance on these forward-looking statements. As a result of a number of known and unknown risks and uncertainties, actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include, but are not limited to: (1) the outcome of any legal proceedings that may be instituted against Eos; (2) the ability to maintain the listing of Eos’s shares of common stock on NASDAQ; (3) the ability of Eos’s business to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (4) changes in applicable laws or regulations; (5) the possibility that Eos may be adversely affected by other economic, business, and/or competitive factors; and (6) other risks and uncertainties indicated from time to time in the Prospectus included as part of Amendment No. 1 to the Registration Statement on Form S-1 filed by Eos with the
Contacts Investors:Ed Yuen , ir@eose.com Media:James McCusker , media@eose.com
Source:
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