NeoVolta Enters Into Asset Purchase Agreement for Neubau Energy's Next-Generation Battery Platform; Expects Transaction to Be Immediately Accretive to Revenues and Gross Margins

Core Insights - NeoVolta Inc. has entered into an asset purchase agreement to acquire strategic assets from Neubau Energy, with the acquisition expected to close by October 15, 2025 [1][2] - The acquisition aims to enhance NeoVolta's market position in residential energy storage and is anticipated to be immediately accretive to revenue and gross margins [2][5] - Key executives from Neubau, Amany Ibrahim and Thomas Enzendorfer, have been appointed as Chief Operating Officer and Chief Technology Officer, respectively, to lead operational and technological integration [1][4] Transaction Summary - The acquisition includes a cash payment of $500,000 and 200,000 shares of restricted common stock, along with potential royalty payments and additional shares based on revenue milestones [5] - The integration of Neubau's technology is expected to provide tariff-free access to advanced battery technology and enhance NeoVolta's intellectual property portfolio [5][6] - The acquisition is projected to reduce deployment costs by 75% and improve installation times to under 30 minutes, thereby expanding market opportunities [5][6] Executive Profiles - Amany Ibrahim, previously Chief Strategy Officer at Neubau, co-founded the next-generation modular residential battery platform and brings over a decade of operational growth experience [3] - Thomas Enzendorfer, former CEO of Neubau Energy, has extensive leadership experience in solar manufacturing and distribution [4] Company Background - Neubau Energy, founded in 2023, specializes in installer-friendly residential battery systems with high energy density and a modular architecture protected by numerous patents [6] - NeoVolta is recognized as a leading innovator in energy storage solutions, focusing on sustainable and high-performance systems for residential and commercial applications [7]