Core Insights - Turbo Energy has launched the SUNBOX Home Lite, a new solar energy storage solution designed for smaller residential installations requiring less than 15kWh of battery storage capacity [1][2][6] - The product is supported by a cloud-based SaaS solution that utilizes AI for data collection, energy management, and predictive analytics [2][6] - Turbo Energy has shipped 100 units of SUNBOX Home Lite to Solar360 for immediate installation, enhancing its partnership with the joint venture of Repsol and Telefónica España [3][4] Company Overview - Turbo Energy, founded in 2013, specializes in AI-optimized solar energy storage technologies and solutions, aiming to reduce dependence on traditional energy sources [7] - The company is a subsidiary of Umbrella Global Energy, S.A., and operates across Europe, North America, and South America [7] - Turbo Energy's innovations, including the SUNBOX, are designed to provide affordable and sustainable energy solutions for residential, commercial, and industrial users [7] Market Position - The introduction of SUNBOX Home Lite is expected to enhance Turbo Energy's product offerings and reinforce its commitment to customer-centric innovation in the solar energy sector [6] - Solar360, as a partner, leverages its expertise in photovoltaic installations and IoT capabilities to optimize market offerings [3][4] - The collaboration aims to meet the growing demand from smaller homeowners for efficient solar energy storage solutions [4][6]

Core Viewpoint - Turbo Energy, S.A. has appointed Julian Groves to its Board of Directors, a decision approved by shareholders on December 18, 2024, which is expected to enhance the company's strategic initiatives and market expansion efforts [1][3][9]. Company Overview - Turbo Energy is a global provider of AI-optimized solar energy storage technologies, founded in 2013, focusing on reducing dependence on traditional energy sources and promoting sustainable energy solutions [9]. - The company offers modular energy storage systems that cater to residential, commercial, and industrial users across Europe, North America, and South America [9]. Appointment of Julian Groves - Julian Groves brings extensive experience in commercial strategy, market expansion, product distribution, capital formation, and corporate governance, with nearly three decades in various leadership roles [4][9]. - His previous roles include Chief Operating Officer at MGO Global, where he facilitated significant financing efforts, and CEO of EC2M Holdings, focusing on lifestyle brand development [5][6]. - Groves has a proven track record in retail and e-commerce, having held senior positions at notable brands such as GUESS, Burberry, and LVMH [7]. Strategic Impact - The appointment of Groves is anticipated to significantly impact Turbo Energy's planned expansion, particularly in the commercialization of its SUNBOX Home solar energy storage technologies in the United States [9].

Core Viewpoint - Turbo Energy, S.A. held an Extraordinary General Meeting of Shareholders on December 18, 2024, where significant proposals were approved, including changes to the board and equity incentive plan [1][2]. Group 1: Meeting Outcomes - A total of 51,177,950 ordinary shares, representing 92.80% of the issued and outstanding share capital, were present at the meeting, establishing a quorum [2]. - The board of directors will increase from seven to eight members, with Mr. Julian Groves appointed as a new executive director until the next annual general meeting [3]. - Deloitte was ratified as the Company's Spanish public accounting firm for the fiscal year ending December 31, 2024 [3]. - An amendment to the Turbo Energy, S.A. 2023 Equity Incentive Plan was approved, increasing the total number of ordinary shares available for grant from 1,900,000 to 5,500,000, with automatic annual increases starting January 1, 2026 [3]. - Powers were granted for the execution and notarization of resolutions necessary for formalization and registration in the Mercantile Registry [3]. - The minutes of the meeting were read and approved [3]. Group 2: Company Overview - Turbo Energy, founded in 2013, specializes in AI-optimized solar energy storage technologies and solutions, serving residential, commercial, and industrial users across Europe, North America, and South America [4]. - The company’s flagship product, SUNBOX, is noted as one of the first high-performance, competitively priced all-in-one home solar energy storage systems, featuring patented EV charging capability and AI processes for solar energy management [4]. - Turbo Energy is a subsidiary of Umbrella Global Energy, S.A., a collective of solar energy-focused companies [4].

Core Insights - Turbo Energy, S.A. provided an update on the impact of the flash flooding disaster in Valencia, which occurred on October 29, 2024, resulting in over 200 fatalities and significant damage to infrastructure [1] - The company's headquarters remained undamaged, but its warehousing was affected, leading to a loss of inventory valued at approximately $2.3 million, which is fully covered by insurance [1] - Turbo Energy is optimistic about its growth and geographic expansion in 2025, aiming to maintain its reputation as a leader in solar energy storage technologies [3] Company Overview - Founded in 2013, Turbo Energy specializes in AI-optimized solar energy storage technologies, offering scalable solutions for residential, commercial, and industrial markets [4] - The company's flagship product, SUNBOX, is noted for being one of the first high-performance, competitively priced all-in-one home solar energy storage systems, featuring patented EV charging capabilities [4] - Turbo Energy operates as a subsidiary of Umbrella Global Energy, S.A., a collective focused on solar energy solutions [4]

VALENCIA, Spain, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Mariano Soria, Chief Executive Officer of Turbo Energy, S.A. (NASDAQ:TURB) ("Turbo Energy" or the "Company"), a global provider of leading-edge, AIoptimized solar energy storage technologies and solutions, today issued a formal operational update to the Company's shareholders on Turbo Energy's business expansion strategies and key global growth objectives for the coming year. Soria stated: "On September 26, 2024, we will celebrate Turbo Energy's one-year a ...

1. To elect seven persons to the Board of Directors of the Company, each to serve until the next annual general meeting of shareholders, or until such person's successor is duly elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal; 2. To ratify the appointment of TAAD, LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024; 3. To assess and, where appropriate, approve the individual annual accou ...

Page Annual Report on Form 20-F Year Ended December 31, 2023 TABLE OF CONTENTS | --- | --- | --- | |------------|-------------------------------------------------------------------|-------| | PART I | | | | | | | | ITEM 1. | IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS | 1 | | ITEM 2. | OFFER STATISTICS AND EXPECTED TIMETABLE | 1 | | | | | | ITEM 3. | KEY INFORMATION | 1 | | | | | | | A. RESERVED | 1 | | | B. Capitalization and Indebtedness | 1 | | | C. Reasons for the Offer and Use of Proceeds | 1 ...

Exhibit 99.1 INDEX TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS TURBO ENERGY, S.A. Condensed Interim Consolidated Financial Statements For the six months ended June 30, 2023 and 2022 (Unaudited) (Expressed in Euro) | Condensed Interim Consolidated Statements of Financial Position | F-2 | | --- | --- | | Condensed Interim Consolidated Statements of Operations | F-3 | | Condensed Interim Consolidated Statements of Shareholders' Equity | F-4 | | Condensed Interim Consolidated Statements of Cash Flo ...