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NeoVolta Expects Q1 FY2026 Revenue to Surpass $6.5 Million, Over ~1,000% Growth Year-Over-Year
Globenewswire· 2025-10-23 12:30
Core Insights - NeoVolta Inc. anticipates revenue exceeding $6.5 million for Q1 of fiscal 2026, reflecting a year-over-year increase of over ~1,000% and marking the fourth consecutive record-setting quarter for the company [1][7] Company Performance - The significant revenue growth is attributed to the successful expansion of sales and distribution channels beyond the traditional Southern California market, along with enhanced financing options that improve accessibility to energy storage solutions [2][3] - The company is strengthening its regional distribution network and operational capacity to meet increasing demand, aiding homeowners and businesses in managing electricity costs and ensuring power during outages [3] Future Outlook - NeoVolta plans to release full financial results for the first quarter in November 2025, indicating ongoing transparency and commitment to stakeholder communication [4]
RETRANSMISSION: Energy Plug Technologies and SEETEL New Energy Amplify Strategic Alliance with Exclusive Canadian Rights and Americas Expansion
Newsfile· 2025-07-07 11:00
Core Insights - Energy Plug Technologies Corp. and SEETEL New Energy Co., Ltd. have formed a strategic partnership to distribute SEETEL's energy storage systems in Canada, with plans for expansion into the U.S., Mexico, and Latin America [1][7] Strategic Highlights - The partnership is facilitated through Malahat Battery Technologies Corp. (MBT), a joint venture that combines Indigenous leadership with global energy expertise, aiming for sustainable energy solutions [3] - SEETEL's production capacity includes 3 GWh annually, with 1 GWh allocated exclusively for Canadian deployment [4] - SEETEL is backed by significant shareholders, including ACER and Chailease Holding, enhancing its financial stability [4] Company Overview - SEETEL, founded in 2017, offers comprehensive energy technology services, including battery module design and grid participation through its GridLink EMS platform [5] - SEETEL collaborates with Schneider Electric to integrate advanced technologies into its energy storage systems, which are utilized in various critical applications [6] Market Focus - The partnership targets high-security markets such as data centers and national defense facilities, with a focus on utility grid networks [7] - Energy Plug has secured exclusive distribution rights for SEETEL's products in Canada and is exploring module manufacturing within Canada to enhance local supply chains [8] Leadership Statements - The CEO of Energy Plug emphasized the importance of this alliance for Canadian energy sovereignty, highlighting the benefits for data centers and utility grids [9]
NeoVolta Anticipates Record Quarterly Sales, Surpassing $2 Million in Revenue – a Projected Increase of over 600% Year-over-Year
Globenewswire· 2025-03-27 12:45
Core Insights - NeoVolta Inc. anticipates record-breaking quarterly sales, with unaudited revenue expected to exceed $2 million, marking an increase of over 600% compared to the same period last year, driven by rising demand for sustainable home energy solutions [1][2] - The company's advanced energy storage systems are designed to reduce grid dependency, lower electricity costs, and maintain power during outages, reflecting a market shift towards renewable energy and energy independence [2] - A newly introduced product offering has seen early success, with demand exceeding expectations, indicating strong momentum ahead of a broader rollout planned for late spring [3] Company Performance - NeoVolta has experienced four consecutive quarters of sales growth, showcasing the strength of its technology and the accelerating market shift towards renewable energy [2] - The company has aggressively expanded into new markets over the past six months, resulting in increased adoption of its solutions by partners [4] - NeoVolta is positioned to capitalize on the growing energy storage market opportunity, with a focus on innovation and customer service [4] Future Outlook - The company plans to release its full financial results for the quarter in May 2025, which will provide further insights into its performance and market position [4]