VANCOUVER, B.C., June 14, 2017 (GLOBE NEWSWIRE) -- Torino Power Solutions Inc. (CSE:TPS) (the “Company” or
“Torino”), is pleased to announce that the Company has completed its second installation of its Power Line Monitoring (“PLM”)
System at a new location for Tri-State Generation and Transmission Association, Inc., (“Tri-State”).
In 2016, Tri-State and Torino Power entered into a pilot agreement, whereby Tri-State installed Torino’s temperature monitoring
sensor on a Tri-State-owned energized line in Eastern Colorado. Torino has now installed an upgraded evaluation system at a new
location in Western Colorado. The new location supports larger varying electrical load and will provide Tri-State with important
real-time temperature data for Dynamic Line Rating purposes. This new installation provides a better opportunity for Torino Power
to showcase its technology. Tri-State can now begin the process of comparing line ratings using conventional calculations to
potential additional power capacity based on the real-time Torino sensor.
Torino’s patented, wireless powerline monitoring system supports the use of Dynamic Line Rating technology on congested
and remotely-located high-voltage power lines operated by electric utilities. The Torino system provides real-time temperature data
and other vital information to utilities that helps them save money on maintenance and maximize the capacity of their transmission
systems. Torino sensors completely passive and do not require a power source and are easy to install on live (energized)
power lines. Torino Power Solutions Inc’s business strategy is to automate the DLR process providing our clients with a reduction
in operating costs. With the growing proliferation of distributed energy resources (DER) and changing power markets, the necessity
to fully understand and exploit in real time the capacity of the transmission and distribution lines is becoming a necessity.
Tri-State is a not-for-profit wholesale power supplier to 43-member electric distribution cooperatives and public
power districts that collectively serve more than one million consumers across 200,000 square miles of service territory in
Colorado, Nebraska, New Mexico and Wyoming.
Rav Mlait, CEO of Torino commented, “We are very pleased to work with Tri-State with this new installation of our passive
PLM system. We look forward building our existing relationship with Tri-State’s innovative team.”
Please visit www.torinopower.com for more information.
We seek Safe Harbor.
On behalf of the Board of Directors
“Rav Mlait”
CEO and Director
Torino Power Solutions Inc.
For further information, contact at info@torinopower.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking information that involves various risks and uncertainties regarding future events. Such
forward-looking information can include without limitation statements based on current expectations involving a number of risks and
uncertainties and are not guarantees of future performance of the Company, such as final development of a commercial product(s),
successful trial or pilot of company technologies, no assurance that commercial sales of any kind actually materialize; no
assurance the Company will have sufficient funds to complete product development. There are numerous risks and uncertainties that
could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking
information, including: (i) adverse market conditions; (ii) risks regarding protection of proprietary technology; (iii) the ability
of the Company to complete financings; (v) the ability of the Company to develop and market its future product; and (vi) risks
regarding government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and
other factors which may be identified from time to time in the Company's public announcements and filings. There is no assurance
that the DTCR business will provide any benefit to the Company, and no assurance that any proposed new products will be built or
proceed. There is no assurance that existing “patent pending” technologies licensed by the Company will receive patent status by
regulatory authorities. The Company is not currently selling commercial DTCR systems. Actual results and future events could
differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information
are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this
notice. Except as required by law, the Company does not intend to update these forward-looking statements.
Contact: Phone: (604) 551-7831 Fax: 604-676-2767 info@torinopower.com torinopower.com