LAS VEGAS, NV / ACCESSWIRE / June 10, 2021 / Triad Pro Innovators, Inc. (OTCPK:TPII), a leading developer of proprietary devices for the storage of electricity utilizing the patent pending TriadPro eCell, is pleased to provide a shareholder update on our revolutionary eTower and fully solar SPREE Golf Cart; both of which are Traid Pro Innovators's main focus for revenue growth in 2021.
Triad Pro Innovators would like to welcome Vincent Palmieri, secretary; Ron Bindl, director of research and development; and Michael Nyhuis, director of marketing, as our new board members, each of whom provides many years of experience in bringing innovative new products and services to market. We are also in the process of staffing more engineers and manufacturing technicians as part of an expansion into a new facility currently under selection.
The eTower has been well received with a number of multi-national construction and construction equipment rental companies. We are continuing to ramp up inventories in preparation to a few large PO's and securing a supply chain to ensure the ability to deliver large quantities to our new partners. Current supply chains globally are slow, but Triad Pro Innovators have been able to secure strong supplier relationships to reduce lead times due the size and nature of orders in process.
Per Dataintelo's 'Global Portable Lighting Industry Research Report, Growth Trends and Competitive Analysis 2019-2025,' the global portable lighting industry is posed to grow from $2.331 billion in 2018 to $3.283 billion in 2025. The North American market makes up 33.1% of the global market. Triad Pro Innovators expects to capture a significant percentage of this market in the next 2-3 years.
With the re-opening of most states, Triad Pro Innovator's SPREE golf cart has also attracted significant interest from golf course clubhouses and residential focused dealerships. Triad has ordered a large supply of parts to assemble and sell the four seat SPREE in a large production run.
Through 2020, Triad Pro Innovators successfully built and rigorously tested the first two production models of the SPREE; the world's most advanced solar electric golf cart, powered by the patent pending Triad Pro eCell. The SPREE comes fully IoT enabled, sending operational and maintenance data for monitoring. This unique innovative dynamic storage element operates with the power train and is expected to deliver best in class performance and could scale to larger electric vehicles as it is further developed on the SPREE platform.
The golf cart market is expected to reach U.S. $2.3 Billion, of which 41% is projected to be the North American market. Triad Pro Innovators has begun fulfilling orders and intends to make the SPREE a significant part of its 2021 revenue growth.
About Triad Pro Innovators, Inc. (OTC PINK: TPII):
Triad Pro Innovators, Inc. has developed a proprietary device to be utilized in a variety of circumstances to store electricity. The newly developed Triad Pro power supply provides our storage system with tremendous operational flexibility. Using our propriety hardware and software solution, our eCell can be configured to store energy at a rate limited only by the network providing it, and then release that energy in a regulated way based upon the application, which allows for flexibility unknown in current chemical battery-based storage systems. Triad Pro creates and designs renewable energy solutions including Co-Generation and the Rapid-K Power Cells that can be used stand alone or modular as energy demands increase.
The statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as 'may,' 'will,' 'could,' 'should,' 'expect,' 'plan,' 'project,' 'intend,' 'anticipate,' 'believe,' 'estimate,' 'predict,' 'potential,' 'pursuant,' 'target,' 'continue,' and similar expressions are intended to identify such forward-looking statements. The statements in this press release that are not historical statements, including statements regarding TPII's plans, objectives, future opportunities for TPII's services and products, future financial performance and operating results and any other statements regarding TPII's future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts, are forward-looking statements within the meaning of the federal securities laws. These statements are not guarantees of future performance and are subject to numerous risks, uncertainties, and assumptions, many of which are beyond TPII's control, and which could cause actual results to differ materially from the results expressed or implied by the statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict, and include, without limitation, results of litigation, settlements and investigations; actions by third parties, including governmental agencies; volatility in customer spending; global economic conditions; ability to hire and retain personnel; loss of, or reduction in business with, key customers; difficulty with growth and integration of acquisitions; product liability; cybersecurity risk; anti-takeover measures in our charter documents; and, the uncertainties created by the ongoing outbreak of a respiratory illness caused by the 2019 novel coronavirus that was recently named by the World Health Organization as COVID-19. These and other important risk factors are described more fully in our reports and other documents filed with OTC Markets Group in satisfaction of the company's obligations as an alternative reporting company. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. Except as otherwise required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.
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SOURCE: Triad Pro Innovators, Inc.
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