CleanSpark Announces Additional $577,000 Order for its Intelligent ATS Switchgear
April 01 2020 - 8:00AM
CleanSpark, Inc. (Nasdaq: CLSK), a diversified software and
intelligent energy services company today announced that it has
secured a $577,000 purchase order for its intelligent automatic
transfer switch (ATS) switchgear. The Company’s intelligent ATS
switchgear is used to automatically transfer power supply from a
primary source to a backup source when it senses a failure or
outage in the primary source, thus assuring uninterrupted power. It
also allows the end user with surplus energy generation the
opportunity to participate in regional energy markets when it makes
financial sense to sell power back to the grid. The units
underlying this purchase order are expected to be shipped over the
next two fiscal quarters.
“CleanSpark’s units will be integrated into natural gas powered
microgrids to provide resilient power to grocery stores. Resilient
power to support essential businesses is critical now more than
ever in the face of the COVID-19 outbreak. Grid related power
outages can be increasingly disruptive to business operations and
have drastic impact on essential customer access. The client
issuing today’s purchase order is the same organization that
contracted with CleanSpark in January for more than $1.6 million in
ATS switchgear. We expect to continue to receive a significant
number of orders for additional units during the next few years in
order to meet the increasing demand for resilient back-up energy
solutions.” said CEO of CleanSpark, Zach Bradford.
Parties interested in using CleanSpark’s platform are encouraged
to inquire by contacting the Company directly
at info@cleanspark.com or visiting the Company’s website
at www.Cleanspark.com
About CleanSpark:
CleanSpark a software and services company which offers software
and intelligent controls for microgrid and distributed energy
resource management systems and innovative strategy and design
services. The Company provides advanced energy software and
control technology that allows energy users to obtain resiliency
and economic optimization. Our software is uniquely capable of
enabling a microgrid to be scaled to the user's specific needs and
can be widely implemented across commercial, industrial, military,
agricultural and municipal deployment. Our product and services
consist of intelligent energy controls, microgrid modeling
software, and innovation consulting services in design, technology,
and business process methodologies to help transform and grow
businesses.
Forward-Looking Statements:
CleanSpark cautions you that statements in this press release
that are not a description of historical facts are forward-looking
statements. These statements are based on CleanSpark's current
beliefs and expectations. The inclusion of forward-looking
statements should not be regarded as a representation by CleanSpark
that any of our plans will be achieved. Actual results may differ
from those set forth in this press release due to the risk and
uncertainties inherent in our business, including, without
limitation: the fitness of the product for a particular application
or market, the expectations of future growth may not be realized,
timing of deliveries, demand for our software products; and other
risks described in our prior press releases and in our filings with
the Securities and Exchange Commission (SEC), including under the
heading "Risk Factors" in our Annual Report on Form 10-K and any
subsequent filings with the SEC. You are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date hereof, and we undertake no obligation to
revise or update this press release to reflect events or
circumstances after the date hereof. All forward-looking statements
are qualified in their entirety by this cautionary statement, which
is made under the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995.
Investor Relations
CleanSpark, Inc.
(801)-244-4405
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