SALT LAKE CITY, May 19, 2020 /PRNewswire/ -- CleanSpark,
Inc. (Nasdaq: CLSK), a diversified software and services company,
is pleased to announce that the United States Patent and Trademark
Office (USPTO) has approved for issuance an additional patent
protecting the company's technology. The USPTO notification
indicates that the application will issue as U.S. Patent No.
10,658,839 on May 19, 2020.
"Today's patent specifically protects our proprietary system and
method for distributing energy between microgrids. It
particularly addresses the challenge of determining when it is
appropriate for one microgrid to share power with another
microgrid. In the patented system and method, a microgrid
forecasts its own future power needs, the microgrid then uses this
forecast to determine if and when to share power with another
microgrid," stated Zachary Bradford,
CleanSpark's President and CEO.
"This patent further protects the technology and methods our
platforms use to intelligently make decisions related to power
sharing based on factors ranging from energy demand, utility rates,
time-of-use, weather forecasting and others. The value of
integrating multiple microgrids in concert to create an ecosystem
of resources working together to achieve increased resiliency,
efficiency for cost-avoidance, revenue generation or reduction in
greenhouse gas emissions is significant. Our system flexibility
allows these priorities to be set by the system owner," concluded
Bradford.
Parties interested in learning more about CleanSpark's software
platforms or services 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 is 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 of orders under contract, the ability for us
to successfully protect and enforce our intellectual property
rights, demand for our software products, the effect of COVID-19 on
the economy and markets, generally, 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.
Contact - Investor Relations:
CleanSpark Inc.
Investor Relations
(801)-244-4405
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SOURCE CleanSpark, Inc.