SALT LAKE CITY, Jan. 28, 2021 /PRNewswire/ -- CleanSpark, Inc.
(Nasdaq: CLSK), ("CleanSpark, or the Company"), an advanced
software and controls technology solutions company focused on
solving modern energy challenges, today announced that its
wholly-owned subsidiary, GridFabric has completed the process of
OpenADR certification for KIGT, Inc. KIGT is an electric vehicle
(EV) charging, software and technology company focusing on charging
stations and related software for commercial, fleet, and
residential vehicles.
CleanSpark's EV Charging Solutions Set to Deploy Across California,
Hawaii.
KIGT's charging platform and proprietary software have now been
added to the official list of OpenADR certified products. The list
of entities having achieved certification, including KIGT, can be
found at
https://products.openadr.org/product/kigt-inc-kigt_ven/
KIGT, an Ontario, California based firm, was founded as a
reseller of EV charging equipment more than a decade ago. The
principals of the company identified a need within the electric
vehicle sector for a more efficient, faster charging and affordable
solution. The team at KIGT successfully launched a proprietary
platform and began manufacturing their own products in 2014. This
Open ADR certification will enable KIGT to enter new markets,
participating alongside other, older EV charging companies in
serving entities including major California Utilities and HECO
(Hawaiian Electric Company, Inc.).
We believe the electric vehicle market is poised for exponential
growth. According to McKinsey & Company, "With consumer focus
shifting towards sustainability, it is anticipated that expenditure
on electric vehicles will double over the next 5 years."
Paul Francis, Co-Founder of KIGT,
said of the announcement, "OpenADR certification will be a key
driver for our growth in 2021, allowing us to work with leading
utilities' demand response and incentive programs. GridFabric made
the process easy, as we were able to become fully certified much
quicker and at a significantly lower cost than attempting the
certification process alone."
Zach Bradford, CleanSpark's
President and Chief Executive Officer stated, "GridFabric's Plaid
product is one of the fastest ways for a company like KIGT to
achieve full OpenADR certification across their platform. This
process allows them to participate in utility load shifting
programs, rapidly. Alternatively, the process of achieving
certification without this program can result in months-long delays
and substantial capital expenditures. This project is yet another
successful deployment of GridFabric's unique offering within the
broader EV charging industry." Adding, "GridFabric, has continued
to expand its network of customers since its acquisition by
CleanSpark in 2020. Following President Biden's remarks this week
committing to the replacement of the entire Federal fleet with
electric vehicles, we believe the focus on rapid certification of
EV charging systems is poised to accelerate over the course of the
coming years."
Executive Chairman Matthew
Schultz will also be speaking today, January 28th at 12pm Eastern at the RenMark Virtual
Roadshow. To view the live presentation, CLICK HERE. A
recording will be available on the Company investor website a few
days after the presentation.
Parties interested in learning more about CleanSpark products
and services are encouraged to inquire by contacting the Company
directly at info@cleanspark.com or visiting the Company's websites
at www.cleanspark.com or www.gridfabric.io.
Investors are encouraged to contact the Company
at ir@cleanspark.com or visiting the Company's website at
https://ir.cleanspark.com/
About CleanSpark:
CleanSpark, Inc., a Nevada corporation, is in the business of
providing advanced software and controls technology solutions to
solve modern energy challenges. We have a suite of software
solutions that provide end-to-end microgrid energy modeling, energy
market communications, and energy management solutions. Our
offerings consist of intelligent energy monitoring and controls,
intelligent microgrid design software, middleware communications
protocols for the energy industry, energy system engineering, and
software consulting services.
Through its wholly owned subsidiary ATL Data Centers LLC,
CleanSpark owns and operates a data center that provides customers
with traditional on-site and cloud-based data center services. The
Company also owns and operates a fleet of over 3,400 ASIC
(application-specific integrated circuit) Bitcoin miners producing
over 200 PH/s in mining capacity. Capacity is expected to increase
to over 300 PH/s in mining capacity in early 2021. CleanSpark plans
to apply its technologies with a goal of mining bitcoins at the
lowest energy prices in the United
States. For more information, visit https://ATL-DATA.com
About KIGT Inc.
KIGT is an Electric Vehicle Supply
Equipment (EVSE) Manufacturer that also creates the operating
software. KIGT helps Plug-in Car Drivers save time and money by
providing faster charging for home, workplace, public and fleet
with software that makes it easier to manage fueling and energy
expenses. Learn more at https://kigtinc.com
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 successful deployment
of energy solutions in the electric vehicle or other sectors, the
fitness of our energy software and solutions for this particular
application or market, the expectations of future revenue growth
may not be realized, ongoing demand for our software products and
related services, the impact of global pandemics (including
COVID-19) on the demand for our products and services; 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.