Reno, NV (pta026/29.05.2020/16:00) - The energy supply and the power grid of tomorrow presents many different challenges to power network operators worldwide. Decentralization, reliability, economic efficiency, digitalization and growing complexity are just a few to be mentioned.
In addition to our announcement dated May 26, 2020, we are therefore pleased to announce that we have taken another step forward in our strategic realignment. We had been able to finalize a letter of intent for an investment in a company that offers with its patented technology innovative solutions for a smart grid- and smart home-management.
This investment is an optimal addition to our portfolio and enables us to accompany this company on its way into the decentralized energy future, so that a reliable and economical operation of the power grid is guaranteed also in future.
Further information will follow soon. Please also note our publications on the Internet at https://noweaenergy.com/.
Investor Relations / May 29, 2020
Disclaimer/Forward Looking Statements:
This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be "forward looking statements".
Forward looking statements may be identified through the use of words such as "expects", "will", "anticipates", "estimates", "believes", or by statements indicating certain actions "may", "could", "should" or "might" occur. Although we believe that our plans, intentions and expectations reflected in these forward-looking statements are reasonable, these plans, intentions and expectations may not be achieved.
Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained in this release and our filings with the SEC.
Except as required by law, we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.
This information does not constitute an offer to sell or a solicitation of an offer to purchase any securities of the company. Readers of this information are requested to inform themselves about, and to observe, any possible restrictions.