NeoVolta Expands to Dedicated Production Facility

Manufacturing and Production Efficiency Expected to Double at New Facility

San Diego, CA, March 9, 2021 – NeoVolta Inc. (OTCQB: NEOV) – NeoVolta, manufacturer of Smart Energy Storage Systems, has opened a new dedicated manufacturing location in Poway, just north of San Diego. This state-of-the-art, energy-efficient facility with more than 15,400 square feet of space will support the company’s rapid growth by providing double the production and shipping efficiency.

The complex features four shipping and receiving docks, two at ground level and two above ground. This setup significantly increases efficiency. The floor plan has four times the space for finished goods, which can now be kept separate from production and shipping areas. Exterior storage is also available if needed.

The additional space at the facility will accommodate automation of labor-intensive tasks such as packaging and wire cutting. NeoVolta will also have the option of future expansion at the site.

“We are thrilled to have outgrown our previous co-located home,” said NeoVolta CEO Brent Willson. “This facility represents a major investment in our future, and we could not be more proud of it.”

The new site increases NeoVolta’s capability to support growing demand for its advanced home energy storage systems. In the second half of 2020, the company expanded its installation network to Northern California, Nevada, Arizona, and Utah. In August 2020, NeoVolta signed a three-year exclusive distribution agreement with PMP Energy. In exchange for a minimum of up to $15 million in purchase orders, PMP Energy will provide dealers with training and certification to install NeoVolta storage systems in homes and other locations.

NeoVolta’s flagship NV14 energy storage system has a very high storage capacity of 14.4 kilowatt-hours, expandable to 24.0 kWh with the optional NV24 battery—without the expense of a second inverter. The system’s inverter discharges 7.7 kilowatts of instantaneous power, more than most competitors in its class. Another key feature is safety: NeoVolta’s lithium iron phosphate battery chemistry is the nonflammable and nontoxic alternative to lithium ion.

For its safety, high performance and compatibility with any solar system, new or existing, the NV14 has been named one of Solar Power World’s top storage products two years in a row.

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.