Initial Purchase Order with Payment for Machines Intended to be Deployed on Fields Currently in Discussion; Principal Launches First Version of Corporate Website
Dallas, Texas--(Newsfile Corp. - March 11, 2021) - Principal Solar, Inc. (OTC Pink: PSWW) ("Principal" or "the Company"), a strategic investor in and acquirer of organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in and acquirer and operator of undervalued petroleum-producing properties, today announced that the Company has placed its initial order for the purchase of TORS equipment from Tokata Oil Recovery Systems.
"Our initial purchase order and payment for three of Tokata's innovative TORS machines demonstrates our commitment to Tokata as well as our belief in the company, its people, and its technology," said K. Bryce "Rick" Toussaint, MBA, CPA, Chairman and CEO of PSSW. "Additionally, in the near future we anticipate fulfilling the balance of the financial terms of our annual licensing commitment to Tokata."
Principal Solar is currently in discussions with private lease holders who possess oil fields in Oklahoma containing wells that may fit the profiles necessary for successful TORS deployment and petroleum recovery.
In other news, the Company today announced that it has published the first version of its corporate website, which will be updated with additional events and information as they become available. The new website is located here: www.pswwenergy.com
About Principal Solar
Principal Solar is a strategic investor in and acquirer of organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an acquirer and operator of undervalued petroleum-producing properties.
For further information, please visit the Company's website at www.pswwenergy.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
The statements contained in this news release which are not historical facts may be "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe PSWW' hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond PSWWs' control, will affect actual results. PSWW undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with PSWWs' most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission by PSWW.
Principal Solar Contact
K. Bryce "Rick" Toussaint, CPA, MBA
Chairman and Chief Executive Officer
kbt@pswwenergy.com
214.885.0032
Investor Relations Contact
Michael Briola
investors@pswwenergy.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/76803
