Driven by Social Corporate Responsibility & The Global Impact Powerstorm ESS Accepts Invitation to Join United Nations Global Compact
By Business Wire News
By Business Wire News
RANCHO PALOS VERDES, Calif.
Powerstorm ESS (OTC: PSTO) (“Powerstorm” or the “Company”) is pleased to announce they have been extended an invitation for membership to the United Nations Global Compact (UNGC), which is a strategic policy initiative for businesses that have shown their commitment to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labor, environment, and anti-corruption efforts.
Powerstorm ESS stresses the importance of maintaining ethical and sustainable business practices under any circumstances. “Powerstorm ESS’ social responsibility activities are an integrated part of our business strategy,” says CEO Mike Freni. “They don’t just go away because we didn’t find the funding to execute in time or we simply had a bad year.” Joining the UNGC will allow Powerstorm ESS to consistently examine their standards of practice, look for potential for growth and improvement in their current methods, and collaborate with other businesses to incorporate these principles into mainstream business operations. “Our strengths lie in our abilities to spur innovation in process as well as products, what we do from our foundation up is, on a larger scale, develop programs that will educate and permanently help create a better standard of living for people in the most remote parts of the world who are part of the future enlightened communities,” Freni adds.
Reliable sources of energy are necessary for the operation and maintenance of many industries, such as telecommunication tower networks, manufacturing and mining. They are also a crucial part of supporting humanitarian efforts in times of crisis, such as the current Ebola epidemic. Powerstorm ESS’ modular energy storage systems are capable of meeting the needs of these varied applications, as well as providing stable power for rural electrification, which is an issue at the heart of the company. Access to power means access to a myriad of other things that greatly improve the quality of life available to people. “We have the vision and goal to make a difference to power the people and providing the access to clean water, communication, education, and health care – in a sensible way,” says Freni.
About Powerstorm ESS (Energy Storage Solutions) OTC PSTO
Powerstorm ESS. (http://www.powerstormess.com) maintains offices in Los Angeles, New York and Amsterdam. Powerstorm ESS has developed a containerized Energy Storage Solution for tower operators in the emerging markets. The foundational and innovative technology from Powerstorm ESS is protected with several patents pending. Powerstorm’s optimized containerized plug-and-play solution is CAPEX/OPEX reducing, environmentally sound and easily installed in challenging environments. The system is built and ready to utilize –a “mini-grid” that brings opportunity and quality of life to Off-Grid Communities for the enormous numbers.
This release contains forward-looking statements concerning market developments for our products and corresponding value propositions for our customers. These forward-looking statements reflect Powerstorm’s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Powerstorm’s assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand. These statements involve risks and uncertainties that may cause Powerstorm’s actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Powerstorm’s future performance, please refer to Powerstorm’s most recent Annual Information on Form 10K. Readers should not place undue reliance on Powerstorm’s forward-looking statements and Powerstorm assumes no obligation to update or release any revisions to these forward looking statements, other than as required under applicable legislation.
Julia Gibson, +1 424 327 2101