SAN DIEGO, CA--(Marketwired - October 21, 2014) - Envision Solar International, Inc. (OTCQB: EVSI) ("Envision Solar," or the "Company"), the leading renewable energy Media and Branding, and EV charging product company, announced today that it has received multiple purchase orders for its EV ARC™ and Solar Tree® HVLC products totaling over $2M in less than 30 days.
The purchase orders come from Fortune 500 companies and are made up of orders of patent pending EV ARC™ and Solar Tree® HVLC products equipped with EV charging stations, custom branding and unique technology solutions such as the patented EnvisionTrak™ solar tracker.
"This represents our highest level of sales in a 30 day period to date," said Desmond Wheatley, CEO of Envision Solar. "It continues the trend of increased sales we have executed in 2014 and I'm confident that it bodes well for the remainder of 2014 and 2015. These top tier customers are choosing our latest products because they are the best in the industry and they fill needs that others cannot. We hear this from our customers and the proof is in these current sales and also in our significant and growing pipeline. Our sales team is well equipped to continue this growth."
The EV ARC™ and Solar Tree® products covered by these purchase orders will be produced by the Company and delivered to customers during Q4 of this year and the first quarter of 2015.
Frost and Sullivan forecasts that EV charging infrastructure deployments will grow at a 128% CAGR over the next five years. Solar powered charging offers the cleanest and easiest method for the deployment of such infrastructure particularly in cities and remote locations.
Contact the Company for more information on its products.
About Envision Solar International, Inc.
Based in San Diego, Envision Solar, www.envisionsolar.com, designs, manufactures and deploys unique, proprietary, renewable energy media and branding systems and EV chargers with a Drag & Drop Infrastructure™ product line. The company's flagship products include the patent pending EV ARC™, patented Solar Tree®
array and Solar Tree® Socket™.
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 forward 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.