NeoVolta CEO Ardes Johnson Gives Expert Testimony to the US International Trade Commission Advising on Favorable Domestic Renewable Energy Policies

Longtime industry veteran and frequent industry expert shares insights on domestic manufacturing capabilities

SAN DIEGO, CA, May 17, 2024 – (NASDAQ: NEOV) –  NeoVolta Inc., a San-Diego based leader in smart energy storage solutions, announces that Ardes Johnson, CEO of NeoVolta, Inc. was called as an expert witness to testify and advise the U.S. International Trade Commission in Washington, D.C. on protecting U.S. manufacturing against unfair trade practices, particularly in the renewable energy space.

The USITC is mandated by congress with broad investigative responsibilities on matters of trade. The agency investigates the effects of dumped and subsidized imports on domestic industries and conducts global safeguard investigations.

The Commission also adjudicates cases involving imports that allegedly infringe intellectual property rights. Through such proceedings, the agency facilitates a rules-based international trading system. His testimony will help promote advantageous US policy for companies like NeoVolta to develop product and manufacturing capabilities within the Country.

For more than a decade, Mr. Johnson has been considered an expert in renewable energy and is frequently called upon to represent the industry in the field of manufacturing and supply chain security. Johnson joined NeoVolta from Meyer Burger Americas, where, as President and General Manager, he spearheaded the company’s expansion in the Americas, achieving a multi-gigawatt backlog of over $1 billion dollars and is scaling to 2 gigawatts per year of manufacturing in just 18 months.

Prior to Meyer Burger, Johnson served as Director of Americas Sales and Marketing for Tesla’s Energy Products division. Johnson was instrumental in the development and success of Tesla’s energy storage solutions, where he launched the partner channel program for the PowerWall and PowerPack products in the Utility, Residential and Commercial Markets. His leadership helped secure a landmark 80 MWh storage contract with Southern California Edison.

Johnson, a U.S. Navy Veteran said: “Our goal is to position NeoVolta as a premier U.S. based manufacturer. Our strategy is to ensure that there is a level playing field in energy storage. Yes we have a global supply chain strategy, but we also understand the criticality of ensuring sustainable solutions that are created through jobs right here in the U.S.”

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About NeoVolta – NeoVolta designs, develops, and manufactures advanced energy storage systems that offer efficient and reliable solutions for residential and industrial applications. The company’s flagship product, the NV14, is designed with a focus on safety using non-toxic, non-flammable LiFe(PO4) battery chemistry. The NV14 features a high-capacity 14.4 kWh storage system, a robust 7,680-watt inverter, and a cutting-edge web-based management system, making it one of the leading choices for sustainable energy storage nationwide.

For more information visit: http://www.NeoVolta.com email us: [email protected] or call us: 858-239-2029

Forward-Looking Statements: Some of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, the future performance, reliability and safety of NeoVolta’s NV14 storage system and the ability of the NV14 to be successfully integrated with residential backup generators. Although NeoVolta believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. NeoVolta has attempted to identify forward-looking statements by terminology including ”believes,” ”estimates,” ”anticipates,” ”expects,” ”plans,” ”projects,” ”intends,” ”potential,” ”may,” ”could,” ”might,” ”will,” ”should,” ”approximately” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those discussed under the “Risk Factors” section of NeoVolta’s Form 1-A filing filed with the Securities and Exchange Commission (“SEC”) and updated from time to time in its other public filings with the SEC. Any forward-looking statements contained in this release speak only as of its date. NeoVolta undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.

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: NeoVolta.com 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.