EDMONTON, ALBERTA--(Marketwired - July 14, 2015) - SUNVAULT ENERGY INC. (SVLT) ("Sunvault") ("the Company") (OTC PINK:SVLT) and Aboriginal Power Corp, (an exclusive Incubation Company for Sunvault Energy) ("APC") are pleased to announce that APC has started taking power subscriptions from its first group of customers located at the Kehewin Cree Nation. Aboriginal Power Corp has been chosen by Band Council Resolution to be the retail utility provider of power to the Kehewin Cree Nation.
Aboriginal Power Corp will also approach businesses within the Kehewin Cree Nation traditional territory to augment the amount of customers above the estimated 1,200 residents within the community.
The Band Council Resolution also approved APC for the construction and implementation of a 10MW Solar Park for the creation of Alternative and Renewable Green Energy. "The utilization of energy storage will play greatly into the value proposition for the solar park and the residents," commented Gary Monaghan, CEO of Sunvault Energy.
Aboriginal Power Corporation's primary focus and mandate is to provide clean and green energy generation, electricity and natural gas retailing service and access to our pioneering energy storage technology. This is the first program in North America that will solely be focused on developing independence and sustainability within Aboriginal communities throughout Canada and the United States. This service will reduce power pricing and increase the value proposition for Aboriginal Groups and their business partner.
The company website is www.aboriginalpowercorp.com.
In a previous release from June 11, 2015, the company had published that it would be adding approximately 3000 customers within the next few months. The Kehewin Cree Nation is the first of these customer additions with more to follow.
"This is the first program in North America that will be solely focused on developing independence and sustainability within Aboriginal communities throughout Canada and the United Sates." stated Trent Blind, President of APC. "This service will reduce power and natural gas pricing and increase the value proposition for Aboriginal Groups and their business partners," he added.
Having energy independence creates more sustainable, healthy environments for all people, as well as protecting natural resources for present and future generations. APC has experience bringing renewable energy projects to market, The Company engages in the development of a wide variety energy resource projects for domestic consumption, industrial and commercial uses, as well as municipal benefit.
About Aboriginal Power Corp:
Aboriginal Power Corporation (APC) is a renewable energy development, project, retail energy and Resource Management Company unmatched in experience and leadership within Aboriginal Communities, APC can develop the most effective and truly sustainable renewable energy solutions for Aboriginal communities in Canada and the US. Having energy independence creates more sustainable, healthy environments for all people, as well as protecting natural resources for present and future generations.
About Sunvault Energy Inc.
Sunvault Energy Inc. (SVLT) is committed to bringing cost effective energy generation and energy storage to the solar industry through a seamless and novel integration of energy generation and storage. This technical approach is a first and has the potential to enable the lowest overall system cost at maximum efficiency. SunVault has further diversified by acquiring companies or assets that are immediately accretive and that will facilitate into the owning of quality non-cyclical assets.
For more information, visit the Sunvault Energy website at http://www.sunvaultenergy.com/ and/or monaghan@sunvaultenergy.com.
Notice Regarding Forward-Looking Statements:
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, that working with Universities will expedite Sunvault technology into real world applications, the ability to reduce the required footprint and cost associated to traditional solar energy generation, collection and storage, or that the technology has the potential to revolutionize how solar energy is generated, stored and utilized.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic conditions, our ability to achieve the expected benefits from the development agreement. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.