June 06, 2019 09:22 AM Eastern Daylight Time
SACRAMENTO, Calif.–(BUSINESS WIRE)–Vortex Brands Co. (USOTC:VTXB) announced today that the company is preparing for a pilot program in Detroit Michigan.
CEO Todd Higley stated, “We are pleased to announce that we are meeting with a group of energy experts next week that have mapped out 30 locations at large industrial facilities in Detroit that will serve as locations for a mass pilot installation. This team will manage the installation and monitor the results closely once the units are in place. This team will also help to facilitate contracted revenue agreements based on overall results.”
Mr. Higley continued with, “We are also in negotiations with a joint venture partner who has exclusive technology focused on reducing the end-user energy requirements. Our PAS technology will serve as an enhancement to their offering. There are applications with their product that may be implemented as part of the Detroit project.”
Mr. Higley finished up with, “This week we will also be interviewing an additional board member who has experience creating value for end-users through various state laws related to carbon reduction and energy efficiency. We are pretty confident that he will be joining us and will make a formal announcement on his appointment in the coming weeks.”
About Vortex Brands Co.
Vortex Brands Co., under the dba Vortex Green Energy will provide as a service multipurpose Phase Angle Synchronization (PAS) equipment to electric utilities nationwide. PAS is a one-of-a-kind technology designed to address a one-hundred-year-old inherent problem that was thought to be unsolvable: the inefficient power consumption caused by electric motors. Improving consumption efficiency will extend the life of the grid by protecting it from excessive wear and damage, improve grid reliability by reducing line congestion and increasing reserve margin, while creating true cost savings for the utility at no cost for the equipment. Instead, revenue is generated under a Share-of-Savings business model wherein the utility shares the savings with Vortex created by the PAS service on a monthly basis. PAS is designed to address industrial and commercial use applications in a scalable solution where the majority of wasted electricity occurs, and the largest opportunity exists. Clients of the utility benefit from progressing toward carbon footprint reduction goals without the capital expense or investing in any new equipment. Operations initially are focused in California before expanding nationwide. For more information visit: http://VortexGreenEnergy.com/video
Notice Regarding Forward-Looking Statements in this press 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. 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 any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.
Vortex Brands Co.