Vortex Brands Receives Funding Commitment
For
First Production System
SACRAMENTO, CA --
October 17, 2019 -- InvestorsHub NewsWire -- Vortex Brands Co.
(USOTC:
VTXB) announced today it has received a funding commitment to
produce the first Phase Angle Synchronization (PAS)
system.
"We can finally
have Tripac
Systems
begin to manufacture the very first PAS system that will be
installed in a real-world operating environment," said Vortex
Brands Co. CEO, Todd Higley.
"This has
been many years in the making and we are excited to start
collecting the results of this first production unit."
Data from the first
PAS system is anticipated to be the beginning of what will become a
mountain of irrefutable evidence that when
consumption
efficiency of electric motors is improved
correctly
it saves energy and reduces the costs of
electric utilities to generate and transmit
power.
Less
generation is good for the bottom line and good for the environment
without placing a burden on ratepayers.
Mike Stevens,
Production Manager for Tripac
Systems
said, "It'll be great to finally have units operating in the field
to corroborate the live PAS System demonstrations we're performing
at our production facility in Burlington,
Washington.
We are
ready to ramp up production to match what we anticipate will be a
great demand for this technology."
Mr. Higley finished
up with, "This is a significant milestone for Vortex Brands in our
administration of the nationwide service program of PAS systems—to
ultimately improve the reliability and viability of this country's
electric grid."
About
Vortex Brands Co.
Vortex Brands Co.,
under the dba Vortex Green Energy will provide as a service
multipurpose Phase Angle Synchronization (PAS) equipment to
electric utilities nationwide. PAS is a one-of-a-kind technology
designed to address a one-hundred-year-old inherent problem that
was thought to be unsolvable: the inefficient power consumption
caused by electric motors. Improving consumption efficiency will
extend the life of the grid by protecting it from excessive wear
and damage, improve grid reliability by reducing line congestion
and increasing reserve margin, while creating true cost savings for
the utility at no cost for the equipment. Instead, revenue is
generated under a Share-of-Savings business model wherein the
utility shares the savings with Vortex created by the PAS service
on a monthly basis. PAS is designed to address industrial and
commercial use applications in a scalable solution where
the
majority of wasted electricity
occurs, and the largest opportunity exists. Clients of the utility
benefit from progressing toward carbon footprint reduction goals
without capital expense or investing in any new equipment.
Operations initially are focused in California before expanding
nationwide. For more information visit:
http://VortexGreenEnergy.com/video
Notice
Regarding Forward-Looking Statements in
this press release which are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected
in the forward-looking statements. Although we believe that any
beliefs, plans, expectations, and intentions contained in this
press release are reasonable, there can be no assurance that any
such beliefs, plans, expectations or intentions will prove to be
accurate.
Source:
Vortex Brands Co.
info@vortexbrands.us
Todd
Higley
(213)
260-0321