CEO of Pegasus Group, Dan Briggs, Joins NeoVolta Board of Advisors

Briggs, Who Heads One of the Largest Solar-Powered Data Center Projects in the U.S., Joins NeoVolta to Maximize Growth Potential

San Diego, CA, June 10, 2020NEOVOLTA INC. (OTCQB: NEOV) – NeoVolta, manufacturer of the NV14 and NV24 home solar storage systems, has appointed Dan Briggs to its Board of Advisors. Briggs is the President and CEO of Pegasus Group Holdings and PMP Energy, both based in Henderson, Nevada. PMP Energy recently signed an exclusive three-year agreement, valued at up to $15 million, to provide dealers with training and certification to install NeoVolta systems in homes.

As CEO and a majority shareholder of Pegasus Group Holdings, Briggs oversees a portfolio that includes the “Hive” microgrid project located in Mohave County, Arizona. Once completed, it will be one of the largest renewable energy microgrids in the U.S., and it is the largest privately funded project in Arizona history. Briggs joined Pegasus as CEO and President following the successful M&A transaction with Plus Minus Power, of which he was Founder and CEO.

Prior to that, Briggs served as President of DC Solar Freedom. There he directed the company’s robust expansion into vital markets such as Phoenix, Columbus, and Orlando. He developed key business relationships with Paul G. Allen Philanthropies, the U.S. Department of Transportation, and the Electrification Coalition, among others, to drive rapid expansion in the electric vehicle charging market.

Briggs will lend his strategic expertise in renewables to NeoVolta’s positioning in the residential solar storage market. NeoVolta energy storage systems save a home’s self-generated solar power in a battery for later use. The stored energy can be used in the evening, when peak utility rates are often twice as high, or as critical backup power if the grid goes down.

The NV14 battery and optional NV24 add-on have been installed in homes across Southern California, and NeoVolta is now expanding into Northern California, Nevada, and Arizona.

“NeoVolta is an innovator and a rapidly emerging star in home solar storage,” said Briggs. “The company is uniquely positioned to deliver significant value and energy resilience for homeowners, and I look forward to being part of that.”

Before entering the renewable energy sector, Briggs enjoyed an eight-year tenure with MGM Resorts International, where he served as executive director of national marketing.

He also served as a key member of the advance team for President George W. Bush during the first U.S.-Russia summit with Vladimir Putin, held in St. Petersburg, Russia.

He holds an undergraduate degree from Pepperdine University and a master’s degree from Stanford University, as well as a law degree.

“Throughout his career, Dan Briggs has distinguished himself in top leadership positions,” said Brent Willson, CEO of NeoVolta. “Dan brings a wealth of experience in the public and private sectors, and he will be vital to NeoVolta’s continued growth.”

About NeoVolta

NeoVolta designs, develops, and manufactures advanced energy storage systems for both residential and industrial use. Its storage solutions are engineered with Lithium-Iron Phosphate (LiFe(PO4)) battery chemistry, which is clean, nontoxic, and nonflammable. The residential-focused NeoVolta NV14 is equipped with a solar rechargeable 14.4 kWh battery system, a 7,680-Watt inverter, and a web-based energy management system with 24/7 monitoring. The system’s 6,000-cycle battery life, one of the longest on the market, translates to 16.5 years of useful life, based on a full charge, and discharge each day. The NV14 has passed the product safety standards set forth by Underwriters Laboratories (UL) for battery energy storage safety testing.

For more information visit: email us: [email protected] or call us: 858-239-2029


Forward-Looking Statements

Certain statements in this news release constitute forward-looking information within the meaning of applicable securities laws. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects,” “believes,” “anticipates,” “budget,“ scheduled,” “estimates,” “forecasts,” “intends,” “plans,” and variations of such words and phrases, or by statements that certain actions, events or results “may,” “will,” “could,” “would,” or “might,” “be taken,” “occur,” or “be achieved.” Forward-looking statements are neither historical facts nor assurances of future performance. Forward-looking information contained in this news release is based on certain assumptions regarding, among other things, expected growth, results of operations, performance, industry trends and growth opportunities. While management considers these assumptions to be reasonable, based on information available, they may prove to be incorrect. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements.