Voltus recognized for employee satisfaction,
company reputation, and significant growth
Voltus, Inc. (“Voltus”), the leading distributed energy resource
(DER) software technology platform, has been featured on the Forbes
list of America's Best Startup Employers 2022. The list recognizes
innovative and high-growth startups that exceed employee
satisfaction and foster a positive culture.
“It is an honor to be recognized by Forbes as among the top 50
companies for growing quickly, while creating a positive and
engaging environment,” says Carey Albertine, Voltus Vice President
of People and Culture. “Voltus’s goal is to provide the best
professional experience of every Voltan’s life. We provide our team
with competitive cash and equity compensation, a practice of
promoting from within, and the opportunity to contribute directly
to the future health of our planet by helping to build a cleaner
and more resilient electric grid, a concept we call ‘doing well by
doing good.’ We hold ourselves accountable to this goal each
quarter by measuring and reporting on our team’s happiness and
productivity. Nothing is more important than our team, and our
efforts toward hiring and retaining the absolute best team will be
all the more important as we move toward becoming a publicly traded
company.”
To compile the annual list, Forbes evaluated 2,500 U.S.
businesses founded between 2012 and 2019 with at least 50 employees
on three criteria: employer reputation, employee satisfaction, and
growth.
About Voltus
Voltus is the leading software technology platform connecting
distributed energy resources to electricity markets, delivering
less expensive, more reliable, and more sustainable electricity.
Our commercial and industrial customers and DER partners generate
cash by allowing Voltus to maximize the value of their flexible
load, distributed generation, energy storage, energy efficiency,
and electric vehicle resources in these markets. To learn more,
visit www.voltus.co.
On November 30, 2021 Voltus and Broadscale Acquisition Corp.
(“Broadscale”) (Nasdaq: SCLE), entered into a definitive merger
agreement. Upon the closing of the transaction, the combined
company will be named Voltus Technologies, Inc. and is expected to
remain on the Nasdaq under the new ticker symbol “VLTS.” The
transaction is expected to close in the first half of 2022 and
requires the approval of Broadscale’s stockholders, the
Registration Statement being declared effective by the SEC, and
other customary closing conditions.
Forward-Looking Statements
This communication contains certain “forward-looking statements”
within the meaning of the United States Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of
1933, as amended (the “Securities Act”) and Section 21E of the
Securities Exchange Act of 1934, as amended, including certain
financial forecasts and projections. All statements other than
statements of historical fact contained in this communication,
including statements as to future results of operations and
financial position, revenue and other metrics planned products and
services, business strategy and plans, objectives of management for
future operations of Voltus, Inc. (“Voltus”), market size and
growth opportunities, competitive position and technological and
market trends, are forward-looking statements. Some of these
forward-looking statements can be identified by the use of
forward-looking words, including “may,” “should,” “expect,”
“intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,”
“plan,” “targets,” “projects,” “could,” “would,” “continue,”
“forecast” or the negatives of these terms or variations of them or
similar expressions. All forward-looking statements are subject to
risks, uncertainties, and other factors which could cause actual
results to differ materially from those expressed or implied by
such forward-looking statements. All forward-looking statements are
based upon estimates, forecasts and assumptions that, while
considered reasonable by Broadscale Acquisition Corp.
(“Broadscale”) and its management, and Voltus and its management,
as the case may be, are inherently uncertain and many factors may
cause the actual results to differ materially from current
expectations which include, but are not limited to: 1) the
occurrence of any event, change or other circumstances that could
give rise to the termination of the definitive merger agreement
with respect to the business combination; 2) the outcome of any
legal proceedings that may be instituted against Voltus,
Broadscale, the combined company or others following the
announcement of the business combination and any definitive
agreements with respect thereto; 3) the inability to complete the
business combination due to the failure to obtain approval of the
stockholders of Broadscale or Voltus, or to satisfy other
conditions to closing the business combination; 4) changes to the
proposed structure of the business combination that may be required
or appropriate as a result of applicable laws or regulations or as
a condition to obtaining regulatory approval of the business
combination; 5) the ability to meet Nasdaq’s listing standards
following the consummation of the business combination; 6) the risk
that the business combination disrupts current plans and operations
of Voltus as a result of the announcement and consummation of the
business combination; 7) the inability to recognize the anticipated
benefits of the business combination, which may be affected by,
among other things, competition, the ability of the combined
company to grow and manage growth profitably, maintain
relationships with customers and suppliers and retain its
management and key employees; 8) costs related to the business
combination; 9) changes in applicable laws or regulations; 10) the
possibility that Voltus or the combined company may be adversely
affected by other economic, business and/or competitive factors;
11) Voltus’s estimates of its financial performance; 12) the risk
that the business combination may not be completed in a timely
manner or at all, which may adversely affect the price of
Broadscale’s securities; 13) the risk that the transaction may not
be completed by Broadscale’s business combination deadline and the
potential failure to obtain an extension of the business
combination deadline if sought by Broadscale; 14) the impact of the
novel coronavirus disease pandemic, including any mutations or
variants thereof, and its effect on business and financial
conditions; 15) inability to complete the PIPE investment in
connection with the business combination; and 16) other risks and
uncertainties set forth in the sections entitled “Risk Factors” and
“Cautionary Note Regarding Forward-Looking Statements” in
Broadscale’s registration statement on Form S-4 (File No.
333-262287), filed with the SEC on January 21, 2022 (the
“Registration Statement”) and other documents filed by Broadscale
from time to time with the SEC. These filings identify and address
other important risks and uncertainties that could cause actual
events and results to differ materially from those contained in the
forward-looking statements. Nothing in this communication should be
regarded as a representation by any person that the forward-looking
statements set forth herein will be achieved or that any of the
contemplated results of such forward looking statements will be
achieved. You should not place undue reliance on forward-looking
statements, which speak only as of the date they are made. Neither
Broadscale nor Voltus gives any assurance that either Broadscale or
Voltus or the combined company will achieve its expected results.
Neither Broadscale nor Voltus undertakes any duty to update these
forward-looking statements, except as otherwise required by
law.
Use of Projections
This communication may contain financial forecasts of Voltus.
Neither Voltus’s independent auditors, nor the independent
registered public accounting firm of Broadscale, audited, reviewed,
compiled or performed any procedures with respect to the
projections for the purpose of their inclusion in this
communication, and accordingly, neither of them expressed an
opinion or provided any other form of assurance with respect
thereto for the purpose of this communication. These projections
should not be relied upon as being necessarily indicative of future
results. The projected financial information contained in this
communication constitutes forward-looking information. The
assumptions and estimates underlying such projected financial
information are inherently uncertain and are subject to a wide
variety of significant business, economic, competitive and other
risks and uncertainties that could cause actual results to differ
materially from those contained in the prospective financial
information. See “Forward-Looking Statements” above. Actual results
may differ materially from the results contemplated by the
projected financial information contained in this communication,
and the inclusion of such information in this communication should
not be regarded as a representation by any person that the results
reflected in such projections will be achieved.
Additional Information and Where to Find It
In connection with the proposed transaction, Broadscale has
filed with the U.S. Securities and Exchange Commission the
Registration Statement, which included a preliminary proxy
statement and a preliminary prospectus. After the Registration
Statement has been declared effective, Broadscale will mail a
definitive proxy statement /prospectus relating to the proposed
transaction to its stockholders as of the record date established
for voting on the proposed transactions. Broadscale’s stockholders
and other interested persons are urged to carefully read the
Registration Statement, including the preliminary proxy statement /
preliminary prospectus, and any amendments thereto, and, when
available, the definitive proxy statement/prospectus and other
documents filed in connection with the proposed transaction, as
these materials contain, or will contain, important information
about the proposed transaction and the parties to the proposed
transaction.
Broadscale’s stockholders and other interested persons will be
able to obtain free copies of the Registration Statement, the
preliminary proxy statement / preliminary prospectus, the
definitive proxy statement/prospectus and all other relevant
documents filed or that will be filed with the SEC, without charge,
when available, at the website maintained by the SEC at
www.sec.gov.
The documents filed by Broadscale with the SEC also may be
obtained free of charge at Broadscale’s website at
https://www.broadscalespac.com or upon written request to 1845
Walnut Street, Suite 1111, Philadelphia, PA 19103.
NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS
APPROVED OR DISAPPROVED THE TRANSACTIONS DESCRIBED IN THIS
COMMUNICATION, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS
COMBINATION OR RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR
ACCURACY OF THE DISCLOSURE IN THIS COMMUNICATION. ANY
REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.
Participants in the Solicitation
Broadscale and Voltus and their respective directors and
executive officers may be deemed to be participants in the
solicitation of proxies from Broadscale’s stockholders in
connection with the proposed transactions. Broadscale’s
stockholders and other interested persons may obtain, without
charge, more detailed information regarding the directors and
executive officers of Broadscale listed in the Registration
Statement. Information regarding the persons who may, under SEC
rules, be deemed participants in the solicitation of proxies from
Broadscale’s stockholders in connection with the proposed business
combination is set forth in the Registration Statement.
No Offer or Solicitation
This communication is not intended to and does not constitute an
offer to sell or the solicitation of an offer to buy, sell or
solicit any securities or any proxy, vote or approval, nor shall
there be any sale of securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such
jurisdiction. No offer of securities shall be deemed to be made
except by means of a prospectus meeting the requirements of Section
10 of the Securities Act.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220311005120/en/
Investor Relations Contact – Voltus Sioban Hickie, ICR,
Inc. Eduardo Royes, ICR, Inc. Investors@Voltus.co Media Contact
– Voltus Matt Dallas, ICR, Inc. VoltusPR@icrinc.com
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