Solaris Power Cells Retains AAS Associates to Evaluate Solaris PESA Storage Cell With Potential $40 Million Valuation
Solaris Power Cells, Inc., the creators of the Solaris PESA™ or “Passive Electron Storage Array”™, (SPCL) (the “Company”) has retained a leading technology valuation firm, AAS Associates. AAS is being retained for the purpose of reviewing and placing a valuation on the Solaris PESA technology, to assist the company in a potential divestiture, joint venture or licensing agreement.
“We are very pleased to announce that Mr. Schibanoff and his firm have agreed to help us evaluate the technology and help us to determine the value of our technology in today’s growing energy storage marketplace. PESA is a unique Energy Storage alternative to traditional power sources, for commercial and high-end residential applications,” states Solaris CEO/President, Neil Kleinman.
“The current market for power storage is growing exponentially as net metering from solar and wind power is making the challenge of balancing power generation and power demand greater than ever. The applications for Solaris’s technology could extend beyond electric utilities to include net metering clients, solar and wind farms, and industrial, commercial and residential applications. With a potential valuation in the $30-40 million range, we are eager to complete our evaluation,” said Alec Schibanoff, Managing Director of AAS Associates.