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PRINCIPAL SOLAR ANNOUNCES JOINT VENTURE WITH EXECUTIVE LOGISTICS & TRANSPORTATION

PRINCIPAL SOLAR ANNOUNCES JOINT VENTURE WITH EXECUTIVE LOGISTICS & TRANSPORTATION

首席太陽能宣佈與行政物流及運輸合資企業
GlobeNewswire ·  2022/12/15 21:05

Joint Venture Seeks to Expand ELT's Current Reach into New Markets; Expand ELT's Existing Vehicle Fleet, Convert Fleet Vehicles Using Principal Partner's EV/Hybrid Technologies, and Generate Near-Term Revenue

合資企業尋求將ELT目前的觸角伸向新市場;擴大ELT現有的車隊,使用主要合作伙伴的電動汽車/混合動力技術改裝車隊車輛,併產生近期收入

DALLAS, TEXAS, Dec. 15, 2022 (GLOBE NEWSWIRE) -- Principal Solar, Inc. (OTC Pink: PSWW) ("Principal" or "the Company"), a strategic investor in organizations and technologies that support next- generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in and operator of undervalued petroleum-producing properties, today announced that it has entered into a Joint Venture Agreement (the "Agreement") with Executive Logistics & Transportation ("ELT") for the purpose of expanding ELT's existing logistics operations into new markets beyond its current activities in Tennessee and the Southeastern United States. Per the agreement, ELT will make an investment into Principal via a strategic restricted stock purchase, the proceeds from which are expected in part to fund the expansion of ELT's existing fleet as well as the hybrid conversion of a portion of ELT's fleet vehicles.

環球通訊社,得克薩斯州達拉斯,2022年12月15日(Global Newswire)--太平洋太陽能公司(場外粉色股票代碼:PSWW)(以下簡稱“委託人”或“公司”)是支持傳統、可再生和清潔能源領域下一代機會的組織和技術的戰略投資者,也是被低估石油生產資產的投資者和運營商。該公司今天宣佈,它已與高管物流與運輸公司(ELT)簽訂了一項合資協議(“協議”),目的是將ELT現有的物流業務擴展到新市場,超越目前在田納西州和美國東南部的業務。根據協議,ELT將通過戰略性限制性股票購買向信安進行投資,預計所得資金將部分用於擴大ELT的現有車隊,以及對ELT的部分車隊進行混合動力改裝。

"I believe this joint venture with ELT represents an exciting opportunity that leverages virtually all of Principal's core strengths and stands to build positive forward momentum for both ELT and Principal," said K. Bryce 'Rick' Toussaint, CEO and Chairman of Principal Solar. "Our primary goals for this Agreement are to generate near term revenue, expand ELT's fleet and operations to take advantage of new market opportunities, and to gain ready access to a fleet of Class 8 trucks with the potential for future EV/Hybrid conversion with systems supplied by E Truck Transportation, one of Principal's strategic investments. Along with our current minority investment in Double H Services LLC, we expect our venture with ELT to further expand our footprint into another region in the United States."

信安太陽能公司首席執行官兼董事長K.Bryce‘Rick’Toussaint説:“我相信,與信安太陽能的合資企業代表着一個令人興奮的機會,它幾乎利用了信安公司的所有核心優勢,並將為ELT公司和信安公司建立積極的前進勢頭。”我們這項協議的主要目標是創造短期收入,擴大ELT的車隊和業務,以利用新的市場機會,並利用E Truck Transport提供的系統隨時獲得8類卡車,這些卡車具有未來轉換電動汽車/混合動力汽車的潛力。E Truck Transport是委託人的戰略投資之一。除了我們目前在Double H Services LLC的少數股權投資,我們預計與ELT的合資企業將進一步擴大我們在美國另一個地區的足跡。“

Per the Agreement, Principal and ELT plan to launch business development initiatives intended to procure new logistics customers and contracts as well as to expand logistics services into new market sectors, with significant focus on the petroleum and concrete and aggregates industries. ELT currently operates a fleet of approximately 30 Class 8 trucks and trailers, and the new joint venture is expected to facilitate an increase in fleet vehicle count as well as enable future EV and hybrid vehicle conversions.

根據協議,信安和ELT計劃啟動業務發展計劃,旨在獲得新的物流客户和合同,並將物流服務擴展到新的市場領域,重點是石油、混凝土和集料行業。ELT目前運營着一支約30輛8類卡車和拖車的車隊,新的合資企業預計將促進車隊車輛數量的增加,並使未來的電動汽車和混合動力汽車改裝成為可能。

Financial terms of the Agreement are expected to be disclosed at later date; however, due to its belief in the potential success of the new joint venture, ELT has already provided an initial tranche of working capital to Principal.

協議的財務條款預計將於晚些時候披露;然而,由於相信新合資企業的潛在成功,ELT已向信安提供了第一批營運資金。

About Executive Logistics & Transportation
Executive Logistics & Transportation, LLC (Executive L&T), was established in 2020 with the overarching goal of leaving a long-lasting, positive imprint on the nation's transportation industry. In doing so, one of ELT's major responsibilities - and one of its core strengths – is safely transporting heavy freight nationwide to help sustain our country's supply chain. ELT creates jobs and provides opportunities within the communities in which it operates as well as motivates and empowers those who need a second chance by welcoming those persons with prior justice system involvement. ELT believes in doing its part to help break the vicious cycle that has plagued countless families and communities across this nation and has stepped up with real opportunities, thereby making real differences in people's lives.

關於高管物流與運輸
執行物流與運輸,LLC(執行L&T),成立於2020年,總體目標是在國家運輸業留下持久的積極印記。在這樣做的過程中,ELT的主要責任之一--也是其核心優勢之一--是在全國範圍內安全運輸重型貨物,以幫助維持我國的供應鏈。ELT在其運作的社區內創造就業機會和提供機會,並通過歡迎那些先前參與司法系統的人來激勵那些需要第二次機會的人並賦予他們權力。ELT相信儘自己的一份力,幫助打破困擾這個國家無數家庭和社區的惡性循環,併為之提供真正的機會,從而真正改變人們的生活。

For more information about ELT, please visit its website at

有關英語教學的更多信息,請訪問其網站

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.

關於普賴恩太陽能
信安太陽能是支持傳統、可再生和清潔能源領域下一代機會的組織和技術的戰略投資者和收購者,也是被低估的石油生產資產的收購者和運營商。

For further information, please visit the Company's website at . 

欲瞭解更多信息,請訪問公司網站:。

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.

《1995年私人證券訴訟改革法》下的安全港聲明
本新聞稿中包含的非歷史事實的陳述可能是“前瞻性陳述”,涉及風險和不確定因素,可能導致實際結果與目前預期的大不相同。例如,描述PSWW的希望、計劃、目標、目標、意圖或期望的陳述屬於前瞻性陳述。本文中所作的前瞻性陳述僅限於本新聞稿發佈之日。許多因素將影響實際結果,其中許多因素是PSWW無法控制的。PSWW沒有義務公開更新此類前瞻性陳述,以反映後續事件或情況。本新聞稿應與PSWW向場外市場和/或美國證券交易委員會發布的最新財務報告和其他文件一起閲讀。

Principal Solar Contact
K. Bryce "Rick" Toussaint, CPA, MBA
Chairman and Chief Executive Officer
kt@pswwenergy.com
214.885.0032

主要太陽接觸
K.Bryce“Rick”Toussaint,註冊會計師,MBA
董事長兼首席執行官
郵箱:kt@pswwenergy.com
214.885.0032

Investor Relations Contact
Michael Briola
invest@pswwenergy.com

投資者關係聯繫人
邁克爾·布里奧拉
郵箱:Invest@pswwenergy.com


譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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