SAN DIEGO, CA–(Marketwired – February 01, 2018) – Envision Solar International, Inc., (OTCQB: EVSI) (“Envision Solar,” or the “Company”), the leading renewably energized EV charging, outdoor media and energy security products company, announced that its new EV-Standard™ product is now patent pending and in advanced-stage product development readying for commercialization in the 2nd quarter of 2018.
The EV-Standard is a fully integrated lamp standard and EV charging product which combines renewable energy, a grid connection, and energy storage to offer a meaningful, on-street, Level II EV charging experience for the millions of Americans who cannot charge at home or at work. Combining several existing Envision technologies the EV-Standard interconnects tracking solar, wind and an existing grid connection to onboard ARC™ Storage. The combined power source is used to provide street lighting and Level II EV charging at the curb. Because the EV-Standard™ product uses renewable energy and storage as a circuit multiplier and attaches to existing foundations, on-site construction, electrical or permitting work is minimal. The product is designed to be minimally invasive, rapidly deployed and offer very low total cost of ownership to the operator. The integrated street light is a low energy, high lumens LED which will fit well with existing plans for energy efficient street lighting retrofits.
“We have demonstrated our ability to bring renewably energized EV charging to business and government with our EV and Solar Tree products,” said Envision Solar CEO, Desmond Wheatley. “Our new EV-Standard combines everything we have learned in a mass-market, curbside solution. Many Americans cannot charge their EVs at home and cities need a meaningful and economically viable curbside charging solution. EV-Standard is it. The big city customers I’ve shared this with view it as a potential game changer.”
70% of Americans do not live in single-family residences with garages to allow for home EV charging. California’s Energy Commission estimates that 55% of California’s 25 million vehicles are not parked close enough to a circuit for charging. Only 1 in 6 apartment dwellers have access to circuits. Governor Brown has recently called for 225,000 public charging points by 2030. Major cities like New York are seeking curb-side charging solutions. Envision believes that EV-Standard™ is the only viable, rapidly deployed, curbside, renewably energized EV Charging solution.
Invented and manufactured in California, the EV-Standard™ fits atop an existing lamp standard’s foundations and generates and stores enough clean solar and wind-powered electricity, when combined with the street-lighting grid connection to deliver a meaningful Level II charge from a lamp standard. The system’s solar electrical generation is enhanced by our patented EnvisionTrak™ tracking which causes the array to follow the sun, generating up to 25% more electricity than a fixed array. The energy is combined with the unused portion of the existing streetlight circuit through daytime capture and reduced in-use power requirements which come as a result of the efficient LED fixture. Energy is stored in the EV-Standard’™ product’s energy storage for charging day or night, and to provide emergency power and EV charging during grid failure. Because the EV-Standard™ product uses existing civil and electrical infrastructure, it is deployed rapidly and provides a meaningful charging experience without the need for costly trenching or circuit upgrades. EV-Standard™ products will be manufactured in the Company’s San Diego facility by our team of combat veterans, individuals with disabilities, and other minority demographics and highly talented, mission-driven team members.
About Envision Solar International, Inc.
Envision Solar, www.envisionsolar.com, is a sustainable technology innovation company who’s unique and patented products include the EV ARC™ and the Solar Tree® with EnvisionTrak™ patented solar tracking, SunCharge™ solar Electric Vehicle Charging, ARC™ technology energy storage, and EnvisionMedia solar advertising displays.
Based in San Diego the company produces Made in America products. Envision Solar is listed on the OTC Bulletin Board under the symbol [EVSI]. For more information visit www.envisionsolar.com or call (760) 420-6569.
This Press Release may contain forward-looking statements regarding future events or our expected future results that are subject to inherent risks and uncertainties. All statements in this Report other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results. Statements contemplating or making assumptions regarding actual or potential sales, market size, and demand, prospective business contracts, customer orders, trends or operating results also constitute forward-looking statements. Our actual results may differ substantially from those indicated in forwarding looking statements because our business is subject to significant economic, competitive, regulatory, business and industry risks which are difficult to predict and many of which are beyond our control. Our operating results, financial condition, and business performance may be adversely affected by a general decline in the economy, unavailability of capital or financing for our prospective customers to purchase products and services from us, competition, changes in regulations, a decline in the demand for solar energy, a lack of profitability, a decline in our stock price, and other risks. We may not have adequate capital, financing or cash flow to sustain our business or implement our business plans. Current results and trends are not necessarily indicative of future results that we may achieve.
Envision Solar International, Inc.
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