PALM SPRINGS, Calif., July 13, 2015 (GLOBE NEWSWIRE) -- Solaris Power Cells, Inc. the creators of the Solaris PESATM "Passive Electron Storage Array"™, (the "Company") (OTCQB:SPCL) (Germany WKN:A1W9W5).
The Board of Directors of Solaris Power Cells today announced the appointment of long-time energy policy leader Robert Foster to lead Solaris Energy Storage Advisory Board, effective July 10th 2015.
"We believe Mr. Foster will make a significant contribution to Solaris. The breadth of his knowledge and talent will greatly assist the company as it moves forward on large-scale energy storage projects. We are delighted to have been able to engage his extensive expertise," said Charles Calderon, Solaris Power Cells Chairman. "Bob's leadership on the board will have a substantial impact on the company."
Foster to Continue Efforts to Support Renewable Storage Solutions for Industry through Position on Solaris Power Cells Board
"Throughout my career I have worked to find real solutions to help shape the future of energy in America," said Foster. "Pioneering new ideas and partnerships to develop a full portfolio of energy resources is key to our evolving energy needs. Innovative energy storage solutions like PESATM developed by Solaris provide a twenty year energy storage solution alternative which is critical as a component to the Renewable Energy future and will help California and other states manage the grid and regulate the intermittent power provided by renewable sources."
As Chair of California ISO (2011-2014), Foster helped California lead the way to sustainable energy and lower carbon emissions by enabling more renewable generation development Foster championed the ISO's aggressive "greening" of the grid, including helping to put in place rules for giving clean resources equal footing in the marketplace and more efficient grid planning for renewable energy transmission.
Foster is the President of Prometheus Advisors which provides strategic advice to companies and organizations in energy, regulation, public policy, environmental quality, and transportation. He currently serves on the Board of sPower, a leading provider in renewable energy with offices in Salt Lake City Utah and San Francisco, California, and EPCOR, and major water and power company located in Edmonton Canada. As President of Southern California Edison (2002-2006), he led California's largest electric company back to financial health after the California Energy Crisis.
During his tenure at SCE (1984-2006), he helped develop the largest renewable clean energy programs in the United States in solar, geothermal, biomass and wind. He has also served as Mayor of Long Beach, Calif. (2006 to 2014) and was elected to the Board of Trustees in 2010 for the U.S. Conference of Mayors. In the same year Foster was appointed by Gov. Arnold Schwarzenegger to the Board of Governors for Cal ISO and reappointed by Gov. Edmund G. Brown Jr. to a second three-year term in January 2013.
Solaris Power Cells, Inc. (OTCQB:SPCL) is a diversified "green" energy storage manufacturer offering residential and commercial users turnkey, renewable energy storage solutions. Solaris manufactures the Solaris Power Cells™ for limited use electric vehicles such as golf cars. The Solaris Smart-Cell is a 100% lead-free, solid-state storage solution that makes renewable energy greener and better by allowing applications to utilize more of the energy generated. Solaris Power Cells provides a PCBA (printed circuit board assembly) energy storage solution. The Solaris Power Cell™ is capable of providing energy storage to applications normally reliant and equipped with highly toxic lead acid, nickel metal hydride or lithium-ion batteries.
Statements in this press release that are not strictly historical in nature are forward-looking statements. These statements are only predictions based on current information and expectations and involve a number of risks and uncertainties. Forward-looking statements in this release include that we have the financial resources to carry out our business plan, we are about to manufacture our products, we can compete in the energy storage business, and our products will provide an energy storage solution to industry. The Company's products involve detailed proprietary and engineering knowledge and specific customer adoption criteria, hence factors that could cause actual results to be materially different include that we may be unsuccessful in raising any additional capital needs that may arise; we may not have sufficient capital to develop, produce and deliver orders; orders that are placed may be cancelled; product may not perform as well as expected; markets may not develop as quickly as anticipated or at all; or that the productive capacity of the company may not be large enough to handle market demand. Further, we are reliant on certain key employees who may leave the Company and we may be unable to protect or defend our intellectual property. Investors are cautioned against placing undue reliance on forward-looking statements. Refer to all public filings and risk factors included in the 8-K, 10-Q and 10-K as filed with the SEC.