SAN DIEGO, CA--(Marketwired - April 09, 2015) -
Recent Corporate Highlights:
- First EV ARC™ products completed and shipped from new factory
- First Solar Tree® products completed and shipped from new factory
- First EV ARC™ product delivered to customer on ARC Mobility™ -- over 500 miles from factory
- EVSI headcount doubles in three months to fulfill orders
- As of March 15, 2015, the Company has $2 million in contracted backlog which it plans to fulfill in upcoming quarter of 2015
- Strong Growth in Revenue in 2014: $1.03 million compared to $281,014 for same period in 2013
- EV ARC™, a transportable solar powered EV charging station exhibited at the Green California Summit on April 7th and 8th in Sacramento, CA
Envision Solar International, Inc., (OTCQB: EVSI) ("Envision Solar," or the "Company"), the leading renewable energy Media, Branding and EV charging product company, announced today that its backlog of orders has grown to $2.4 million in 2015, reflecting growing demand for its charging stations and widening acceptance that solar energy can provide clean energy to charge electric vehicles. Envision Solar showcased its products before local, municipal and State Government agencies at the Green California Summit that took place in Sacramento, CA on April 7th and 8th. Additionally, the Company has completed production of the first run of EV ARC™ and Solar Tree® products in it's new fabrication facility and has made the first successful delivery of it's EV ARC™ product on it's proprietary ARC Mobility™ transportation system.
According to CEO Desmond Wheatley, "Orders are up and our factory is turning out product. We are pleased to report this growing interest and sales for our products. The growth trend we experienced in 2014 is continuing to gather momentum in 2015. Leading corporations and government agencies are turning to Envision Solar for charging solutions. We will be showcasing our EV ARCs in San Francisco this month by making our units available to electric car drivers to recharge their batteries using sunshine (#drivingonsunshine). We are also pleased that Corporations are seeking to align their green energy branding and corporate messages through our Media Platforms on EV ARCs and Solar Trees. Solar energy is clean, cheap and abundant and the obvious solution for charging EVs as well as providing a robust and safe source of energy during emergencies or times of grid failure. Our media products generate unrivalled sources of revenue and ease of deployment."
EV ARC™ products are fully transportable and deployed in minutes without any impact to the location. They produce enough solar power each day for up to 150 miles of electric driving and store 28kWh of energy for charging at night or to be used in times of utility grid failure.
Contact the Company for more information on its products and new headquarters and fabrication facility.
About Envision Solar International, Inc.
Based in San Diego, Envision Solar, www.envisionsolar.com, designs, manufactures and deploys unique and 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.
Image Available: http://www.marketwire.com/library/MwGo/2015/4/9/11G037939/Images/MultimediaAsset1-1473952821.jpg