Press Release Summary:
Management technology and intelligent interface, integrated with Schneider Electric SA's (SCHN.PA) Xantrex inverter, create customized, smart energy storage systems that can provide back-up power, peak-shaving, and off-peak power in diverse applications. Offering continuous remote monitoring and control, system offers standard interface for solar and grid storage applications, can communicate with both grid and end user, and supports various renewable or alternative energy sources.
Original Press Release:
Flux Power Adds Key Functionality to Its Advanced Energy Storage Systems to Address Growing Solar and Grid Storage Market
New Product Capability Yields Opportunity to Expand Customer Base into Residential, Industrial, and Commercial Solar Energy and Storage Applications
ESCONDIDO, Calif. -- Flux Power(®) Holdings, Inc. (OTCQB: FLUX), a fully reporting company and an innovator in durable, scalable, and affordable advanced energy storage systems, today announced that they have enhanced their product portfolio with the addition of a standard interface for solar and grid storage applications. This interface is able to control many industrial components such as inverters used for power management in solar and grid applications which greatly broadens the applicability and markets for their advanced energy storage solutions.
Flux Power has entered into an agreement to work with Terra Steward, an energy independence and sustainable living product supplier, to bring these enhanced energy storage solutions to the market. Under the terms of the agreement, Flux Power is providing the technology and integration support with a third party inverter supplier to deliver a packaged, grid storage solution that can support a range of alternative energy applications in the residential, industrial and commercial markets. Terra Steward is providing the installation and support services for the solution into the end user environment.
These new solutions can support a variety of renewable or alternative energy sources, including wind, solar, or micro-hydro. Flux Power's superior management technology and advanced energy storage systems are now being integrated with Schneider Electric SA's (SCHN.PA) Xantrex inverter to create a customized, smart energy storage system that can provide back-up power, peak-shaving and off-peak power in many differing applications.
"Flux is excited to introduce this versatile new addition to its advanced energy storage solution. In addition to offering highly effective, lower cost battery systems for electric vehicles, our technology is a logical fit with many other clean technology and alternative energy applications," said Chris Anthony, CEO of Flux Power. "By providing this intelligent new interface between the advanced energy storage system and the inverter in these solar and grid storage applications, our technology can now deliver customizable applications to a tremendous number of new market opportunities for us in residential, commercial and industrial applications."
Product benefits for the end user include:
-- Back-up battery power if grid goes out
-- Peak-Shaving to decrease power costs
-- Off-peak usage for use when Solar or Wind may not be producing power
-- Continuous remote monitoring and control
-- Ability to work with almost any inverters in other alternative energy applications
-- Solution that communicates with both the grid and the end user
"We are delighted to be working with Flux Power to deliver a complete solution for customers seeking solar energy and advanced storage solutions," said Christopher D'Avignon, President and CEO, of Terra Steward, Inc. "Our customers depend on us to deliver superior products for energy independence and sustainable living - both on and off grid. I've been impressed with the technology team at Flux Power and look forward to working with them as we bring many new applications with this interface to market."
About Flux Power
Flux Power designs, develops, and sells cost efficient advanced energy storage systems. Incorporated in October 2009, Flux Power began shipping prototype products in the second quarter of 2010 while continuing to develop its intellectual property portfolio. Currently, Flux Power's product offerings include batteries in various sizes and forms, packaged modules, fully tested and validated advanced energy storage systems and various system accessories. These accessories include: stand-alone battery management, stackable chargers, programming software and display systems. Flux Power sells modular advanced energy storage products through distributors and directly to original equipment manufacturers. These customers benefit from Flux Power's advanced systems technologies, which greatly extend cycle life and improve system performance. For more information visit www.FLUXpwr.com or email info@FLUXpwr.com.
About Terra Steward
Terra Steward Inc. is a privately held, multi-faceted business specializing in energy independence and sustainable living. The company provides a unique service and opportunity for consumers, small business owners, developers and local governments to have HANDS ON experience and ACCESS TO green technologies. Christopher D'Avignon, President & CEO, and his team, are passionate about bridging the gap between wanting to be Greenand actually being Green-one product, one customer, one development, one community, at a time. Their recently launched online store, www.terrasteward.com, and upcoming retail storefronts (summer 2013), provide a portal where customers can come to be educated or to purchase, at their convenience, the products and systems that are right for them. Whether it is purchasing a few decorative solar garden lights or the installation and technology to go completely off grid, Terra Steward puts the power back in its customer's hands.
Flux, Flux Power and associated logos are trademarks of Flux Power Holdings, Inc. Other company and product names may be trademarks of their respective owners.
CONTACT: Flux Shareholder Relations, +1-877-505-3589, ext.123, marketrelations@FLUXpwr.com, Flux Media Relations, +1-877-505-3589, mediarelations@FLUXpwr.com, Terra Steward, +1-619-462-4005, firstname.lastname@example.org