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EV Battery Tech (CSE:ACDC) enters exclusive agreement with Fairwater, shares rise 15 per cent

Technology
CSE:ACDC
02 June 2021 15:15 (EDT)

Extreme Vehicle Battery Technologies (ACDC) has announced it has signed an exclusive agreement with Fairwater Properties.

Under the terms of the agreement, Fairwater Properties will be allowed to use EV Battery Tech exclusively as its energy storage system and electric vehicle charging station provider for all of its current and upcoming project.

Located in Vancouver, BC, Fairwater Properties is a property developer which handles a wide range of projects, including townhome and duplex sites, with operations across British Columbia and other western Canadian provinces.

“The opportunity to work with a strong partner that can take care of our energy needs as we move forward will be priceless as we expand,” Fairwater executive Ketan Ladva, said in a press release.

EV Battery Technologies’ technology team is now moving forward with Fairwater’s engineers to determine what its needs are.

According to the pres release, a high-rise development, a townhome development and several duplex developments are the first to be targeted for assessment.

“This is a positive sign that North American builders have a need for our forward-thinking products,” Bryson Goodwin, CEO of Extreme Vehicle Battery Technologies, said in a release. “Considering the small, medium, and large size projects Fairwater is currently engaged with, the need for a variety of products from SmartWalls to Smart Charging Stations to TITANs is evident.”

Headquartered in Vancouver, BC, Extreme Vehicle Battery Technologies is a blockchain and battery technology company focused on designing solutions for the Energy Storage Solution Markets with its patented Battery Management Systems.

Shares of of Extreme Vehicle Battery Technologies rose 15.56 per cent to C$0.26 as of 2:59 p.m. EDT.

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