NeoVolta’s Backup System Saves MDX Labs’ Lifesaving Medications During Multiple Grid Outages
09 Maio 2023 - 9:45AM
NeoVolta Inc. (NASDAQ: NEOV) – NeoVolta Inc., manufacturer of Smart
Energy Storage Solutions, has kept MDX Labs protected during
multiple grid outages with reliable battery backup. Thanks to
NeoVolta, the laboratory’s critical functions (refrigeration,
server, and lights) have kept running, saving thousands of dollars
while sustaining lifesaving medications and vaccines.
Founded in 2020, Henderson-based MDX Labs is the
top privately held molecular and clinical diagnostic laboratory in
the state of Nevada. MDX provides on-site testing services to a
range of manufacturers, casinos, entertainers, restaurants, and
nonprofit organizations, and it is the official overflow laboratory
for the Southern Nevada Health District.MDX Labs houses large
quantities of vaccines, patient samples, and medications that
require refrigeration. When grid outages occurred in the past, MDX
would often lose tens of thousands of dollars in product and face
periods of product unavailability while awaiting restock. In late
2021, MDX began searching for a battery backup system and
discovered NeoVolta, which features a clean lithium iron phosphate
battery and a hybrid inverter that can accept 208-volt power
connections. NeoVolta can also charge from the power grid,
eliminating the need for solar installation. In March 2022, MDX
Labs installed NeoVolta’s NV14 Energy Storage System.
“Being able to support commercial facilities that
are powered with 208-volt electricity is an amazing capability.
Transformers are not required, which saves customers thousands of
dollars and eliminates loud equipment that gives off radiant heat,”
said Brent Willson, CEO of NeoVolta. “Our energy storage solutions
are a very smart investment, especially considering the cost and
consequence of an outage that would result in the loss of vital
medical supplies and medications. We are thrilled to be partnering
with MDX, a world-class clinical diagnostic laboratory.”
NeoVolta storage systems are designed for safety
and performance. They use lithium iron phosphate battery chemistry,
the nonflammable and nontoxic alternative to lithium ion.
NeoVolta’s flagship NV14 energy storage system has a very high
storage capacity of 14.4 kilowatt-hours, expandable to 24.0 kWh
with the optional NV24 battery—without the expense of a second
inverter. The system’s inverter discharges 7.7 kilowatts of
instantaneous power, more than most mainstream competitors.
For its superior safety, performance and
compatibility with any solar system, new or existing, the NV14 has
been named one of Solar Power World’s top storage products four
years in a row.
About NeoVolta - NeoVolta designs,
develops, and manufactures advanced energy storage systems for both
residential and industrial use. Its storage solutions are
engineered with lithium iron phosphate (LiFe(PO4)) battery
chemistry, which is clean, nontoxic, and nonflammable. The
residential-focused NeoVolta NV14 is equipped with a
solar-rechargeable 14.4 kWh battery system, a 7,680-Watt inverter,
and a web-based energy management system with 24/7 monitoring. The
system’s 6,000-cycle battery life, one of the longest on the
market, translates to 16.5 years of useful life, based on a full
charge and discharge each day. The NV14 has passed the product
safety standards set forth by Underwriters Laboratories (UL) for
battery energy storage safety testing.
For more information visit:
http://www.NeoVolta.com email us:
IR@NeoVolta.com or call us:
858-239-2029
Forward-Looking Statements: Some
of the statements in this release are forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933,
Section 21E of the Securities Exchange Act of 1934 and the Private
Securities Litigation Reform Act of 1995, which involve risks and
uncertainties. Forward-looking statements in this press release
include, without limitation, the future performance, reliability
and safety of NeoVolta’s NV14 storage system and the ability of the
NV14 to be successfully integrated with residential backup
generators. Although NeoVolta believes that the expectations
reflected in such forward-looking statements are reasonable as of
the date made, expectations may prove to have been materially
different from the results expressed or implied by such
forward-looking statements. NeoVolta has attempted to identify
forward-looking statements by terminology including ''believes,''
''estimates,'' ''anticipates,'' ''expects,'' ''plans,''
''projects,'' ''intends,'' ''potential,'' ''may,'' ''could,''
''might,'' ''will,'' ''should,'' ''approximately'' or other words
that convey uncertainty of future events or outcomes to identify
these forward-looking statements. These statements are only
predictions and involve known and unknown risks, uncertainties, and
other factors, including those discussed under the "Risk Factors"
section of NeoVolta’s Form 1-A filing filed with the Securities and
Exchange Commission ("SEC") and updated from time to time in its
other public filings with the SEC. Any forward-looking statements
contained in this release speak only as of its date. NeoVolta
undertakes no obligation to update any forward-looking statements
contained in this release to reflect events or circumstances
occurring after its date or to reflect the occurrence of
unanticipated events.
An image accompanying this announcement is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/ef555044-478b-45a1-bb6d-6d59a4b6701b
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