Epazz plans to spin off Galaxy Batteries Inc.
CHICAGO, IL
-- May 8, 2024 -- InvestorsHub NewsWire -- Epazz Inc. (OTC:
EPAZ), a mission-critical provider of drone technology, battery
technology, artificial intelligence processes, blockchain mobile
apps and cloud-based business software solutions, announced today
the company is planning to spin off Galaxy Batteries
Inc.
Galaxy
Batteries was developed to provide high-density batteries to the
drone and aerospace industry. Galaxy Batteries will use another
Epazz spin-off. The company will work with its lawyers and
accountants to prepare a spin-off process.
Galaxy
Batteries is an AI solid-state battery technology that uses a
unique chemistry to achieve high-density and high-voltage
batteries. Epazz has developed a battery management system that
gathers data from the environment, including wind speed, humidity,
temperance and pressure to predict the best output for the system
to perform to maximum flight time for drones and electric
airplanes.
Epazz has
formed Galaxy Batteries Inc. to house its intellectual properties
for solid-state battery technology. Epazz has been working on
special battery technologies for high-powered devices and
aircrafts.
CEO Shaun
Passley, Ph.D., said, "We believe that Galaxy Batteries would be
better as an independent company, where it would receive its true
value."
About
Epazz Inc. (https://www.epazz.com/)
Epazz Inc.
is a leading cloud-based software company that specializes in
providing customized cloud applications to corporate companies,
higher education institutions and the public sector. Epazz BoxesOS™
v3.0 is a complete web-based software package for small and
midsized businesses, Fortune 500 enterprises, government agencies
and higher education institutions. BoxesOS™ provides many of the
web-based applications organizations would otherwise need to
purchase separately. Epazz's other products include DeskFlex™
(a
room-scheduling software) and Provitrac™
(an
applicant-tracking system).
SAFE
HARBOR
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harbor statement is made under the Private Securities Litigation
Reform Act of 1995.
Certain
statements contained in this press release are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements can generally be
identified by their use of words such as "may," "expect," "intend,"
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are subject to risks, uncertainties and other factors that can
cause actual results to differ materially from predicted results or
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cautioned that forward-looking statements are not guarantees of
future performance, and actual results might differ materially from
those suggested by such statements. Epazz Inc. assumes no
obligation and has no intention of updating these forward-looking
statements, and it has no obligation to update or correct
information prepared by third parties that is not paid for by Epazz
Inc. Investors are encouraged to review Epazz Inc.'s public filings
on SEC.gov and otcmarkets.com, including its unaudited and audited
financial statements and its over-the-counter market filings, which
contain general business information about the company's
operations, results of its operations and the risks associated with
the company and its operations.
Contact
Investor
Relations
investors@epazz.net
312-955-8161
https://www.epazz.com/