Shorepower Technologies Inc (PK) (SPEV) Share Price

$SPEV Shorepower Technologies Wins Phase 1 Contract with US Department of Energy

https://www.globenewswire.com/en/news-release/2024/08/30/2938350/0/en/Shorepower-Technologies-Wins-Phase-1-Contract-with-US-Department-of-Energy.html

PORTLAND, Ore., Aug. 30, 2024 (GLOBE NEWSWIRE) -- In June 2024, the U.S. Department of Energy (DOE) announced the 20 teams from 13 states who won Phase 1: Identify! for the Hero Re-X Before Recycling Prize challenge. Shorepower Technologies Inc. (OTC: SPEV) is pleased to announce they are among this winning cohort and now qualify to participate in Phases 2 and 3, which could yield additional awards of up to $650,000 - to demonstrate and develop an innovative electric vehicle (EV) charging technology.


The Phase 1 grant provides support for Shorepower to begin development of a DC fast charger that includes mobile battery energy storage, using repurposed/recycled EV batteries to power the modules. Internally, Shorepower refers to this as DCFC-BEST (DC Fast Charger - Battery Energy Storage Transportable technology). The award represents the company’s first award in the DC Fast Charger space. Shorepower will be working with local communities and college students to develop the DCFC-BEST system, to ultimately provide more affordable and equitable access to EV charging across the US. The opportunity of focus for Shorepower’s project is the existing and exponentially emerging waste stream of used EV batteries. These used batteries don’t have enough capacity remaining for an electric vehicle, but are well suited for the DCFC-BEST.

From the DOE: “By stimulating innovation and private investment in circular economy approaches, the innovations developed through this prize will reduce life cycle energy and emissions, strengthen circular supply chains for emerging clean energy technologies, and decrease the demand for virgin materials…Competing teams will help to unlock new or expanded supply chains that can reintegrate end-of-use products into the economy via reuse, repair, refurbishment, remanufacturing, and/or repurposing (collectively called “Re-X”).”

Shorepower’s CEO Jeff Kim adds, “We plan to make a positive impact by diverting these batteries from landfills and repurposing them for energy storage and fast charging for EV’s. This will be a cost-effective way to provide EV charging solutions for our disadvantaged community partners, fleets, and others wanting the technology. The impact of this Re-X opportunity is expected to greatly redefine the possibilities of DCFC installation costs and logistics - by minimizing impacts to the local grid for power demand, streamlining the utility permitting phase and simplifying deployment of charging stations, and making DCFC charging a viable economic option within disadvantaged communities. Our modular battery-based charging stations could be installed at sites using solar without any grid connection, or with much lower levels of residential power - thus providing an immediate low-cost charging solution in these communities. This technology would be ideal for remote use such as off-grid retreats, entertainment venues and military operations; solar charging could make the system even more resilient. Our momentum in contract grant awards continues. We anticipate further wins in the weeks ahead and have close to $ 1.2 million in grant proposals outstanding across product lines and geographies.”

Read the winner announcement to learn more about the prize and this phase’s winning teams: https://www.energy.gov/eere/ammto/articles/doe-announces-phase-1-winners-re-x-recycling-prize-extend-product-and-part

$SPEV Shorepower Technologies Acquires Assets from IdleAir

https://www.globenewswire.com/en/news-release/2024/07/16/2913767/0/en/Shorepower-Technologies-Acquires-Assets-from-IdleAir.html

PORTLAND, Ore., July 16, 2024 (GLOBE NEWSWIRE) -- Shorepower Technologies Inc. (OTC: SPEV) has agreed to acquire three Truck Stop Electrification Locations from IdleAir (www.idleair.com). The acquisition of these operations is immediately accretive as the locations already generate revenue and represent nearly 100 connection points.

The three sites are located in Texas: two in Laredo and one in Baytown. The acquisition of these IdleAir sites represents a perfect complement to Shorepower’s geographical footprint. While Shorepower is mostly on the West Coast and in the Northeast, IdleAir’s locations are mostly located in the Southern states.

‘We have long admired IdleAir’s operational strategy and network. We believe this acquisition could be the first of many between the two companies and anticipate Shorepower growing its lead as the largest provider of commercial electrification services nationwide,” says CEO Jeff Kim. Given IdleAir’s 350 domestic connection points, the collection of assets would provide significant scale to Shorepower’s already impressive network.

The acquisition represents Shorepower’s first acquisition and marks a milestone for the company. Shorepower is hopeful that this first foray will be followed by many similar transactions with IdleAir - enabling Shorepower to strengthen its lead as the powerhouse in commercial electrification services in the country. “Cementing this acquisition and others will allow us to surpass our lofty internal revenue goals,” says CEO Jeff Kim.

Over the last 60 days, Shorepower has announced grant awards and projects valued at over $1,000,000, including in-kind and cost-share. The company will continue to grow organically as well as evaluate all inorganic growth opportunities. With the recent acquisition, the Shorepower network now has nearly 1900 connection points.

Shorepower remains focused on building out our Interstate strategy. Charging stations are most needed where urban infrastructure is limited. Therefore, the company continues to develop relationships with travel centers and rest stop operators to provide essential charging infrastructure services.

$SPEV Link to today's news: https://www.localsyr.com/business/press-releases/ein-presswire/710159939/shorepower-technologies-wins-two-state-of-washington-grants-with-project-values-totalling-over-380000/

$SPEV Shorepower remains focused on building out their interstate strategy. Charging stations are most needed where urban infrastructure is limited. As such, the company continues to develop relationships with truck and rest stop operators to provide essential chargings infrastructure services.

Today's PR noted that Tesla’s recent decision to reduce staff and scale back on their charging station network deployment, this makes Shorepower’s efforts even more important to the build out of the electric vehicle ecosystem. The country’s charging station network remains woefully under covered.

https://www.localsyr.com/business/press-releases/ein-presswire/710159939/shorepower-technologies-wins-two-state-of-washington-grants-with-project-values-totalling-over-380000/

$SPEV CEO Jeff Kim Stated, “With awards in New Hampshire, California and now Washington, we have demonstrated the strength of our grant writing capabilities. Importantly, every new win bolsters the value of our network, we are now over 1400 connection points and growing.”

$SPEV News: Shorepower Technologies Wins Two State of Washington Grants with project values totaling over $380,000
NEWS PROVIDED BY EIN Presswire
May 09, 2024, 8:18 AM ET

Tesla Pulls Back in Charging and Shorepower Steps Up!

Shorepower Technologies (OTCMKTS:SPEV)

PORTLAND, OR, USA, May 9, 2024 /EINPresswire.com/ -- Shorepower Technologies Wins Two State of Washington Grants with project values totaling over $380,000

Tesla Pulls Back in Charging and Shorepower Steps Up!


Shorepower Technologies, Inc. (SPEV) (“Shorepower”), following it becoming a public company through its merger last March and receipt of funds in connection with the merger, has focused on bolstering its internal infrastructure, grant writing capabilities and sales.

Shorepower is now pleased to announce that it has been awarded two state grants in Washington. The wins are for facilities based in George and Union Gap, WA. The site in George will host 4 Level 2 charging stations and the site in Union Gap will host 6 Level 2 charging stations for a total of 10 new connection points. The Washington grant awards total $100,000. The total value of these projects is over $380,000, including the value of existing electrical infrastructure and Shorepower cost-share Execution of the contract is anticipated in the very near future.

“With awards in New Hampshire, California and now Washington, we have demonstrated the strength of our grant writing capabilities. Importantly, every new win bolsters the value of our network, we are now over 1400 connection points and growing,” CEO Jeff Kim.

Tesla’s recent decision to reduce staff and scale back on their charging station network deployment, makes Shorepower’s efforts even more important to the build out of the electric vehicle ecosystem. The country’s charging station network remains woefully under covered.

Shorepower remains focused on building out their interstate strategy. Charging stations are most needed where urban infrastructure is limited. As such, the company continues to develop relationships with truck and rest stop operators to provide essential chargings infrastructure services.

Investor Relations Contact:
Inflection Partners, eric@inflectionpartnersllc.com

About Shorepower Technologies

Shorepower is a transportation electrification company that builds, deploys and operates plug-in stations that allow electric vehicles, trucks and refrigerated trailers to conveniently access electric power while parked or staged, resulting in cost savings for fleets and drivers that will offset petroleum fuel consumption, thus significantly reducing associated toxic emissions and greenhouse gases by replacing petroleum fuels with electric power. We currently operate the largest heavy-duty focused network of electrified parking spaces in North America. This network includes 60 facilities conveniently located at travel centers with approximately 1,800 electrified parking spaces. Most of these facilities are focused on truck stop electrification (TSE) and electric standby transport refrigeration units (eTRU), but several sites already include electric vehicle charging stations which will continue to grow.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," and "will" and variations of such words and similar expressions are intended to identify such forward-looking statements. All statements in this press release pertaining to our expectations relating to this acquisition constitute forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks, assumptions and uncertainties, including, but not limited to, the accuracy of our estimates regarding expenses, capital requirements and need for additional financing, our ability to operate our business and generate profits, decline in global financial markets and economic downturn resulting from the coronavirus COVID-19 global pandemic, business interruptions resulting from the coronavirus COVID-19 global pandemic, and general risk factors affecting the restaurant industry, including current economic climate, costs of labor and energy prices

These and other risks, assumptions and uncertainties are described in Item 1A (Risk Factors) of our most recent Annual Report on Form 10-K and in other documents that we file or furnish with the Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. We expressly disclaim any current intention to update publicly any forward-looking statement after the distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.
Eric Dusansky
Inflection Partners
eric@inflectionpartnersllc.com

United States Basketball League Inc., USBL, changed to Shorepower Technologies Inc., SPEV:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

That .50 breaks….

Merger completed

$USBL merger with Shorepower Technologies. is known best for its Truck Stop Electrification power service at over 1,800 parking spots at 60 U.S.

https://shorepower.com/

Looks like shell badge will be removed soon. Been so long since we heard of an update should be close.

USBL

Hasn't it been pink current for a while now?

USBL now pink current

Looking good here

Excited for this one!!

Looking good here

On my radar

USBL Stop sign gone

10k out yesterday

Recovery next week after folks testing sells. Hang tight she hit 1.70 today and dealt with profit takers.

USBL

The CEO!

Surprised it’s so quiet still with this nice action.

Will pick up later.

USBL

Awesome nice post.

Thin one and folks just learning of it. Should be good.

USBL

This one
announ, age 64, has been a serial entrepreneur, and investor since 1994. From 2019 to 2020 Mr. Jannoun served as CEO of SPO Global where he successfully completed the merger of SPO Global with Gerapang Health in 2020. From 2018 to 2020 Mr. Jannoun was CIO and a member of the Board of Directors of SPO Global, Inc. Mr. Jannoun is the founder of Tess Holdings LLC, living 360 LLC and Thirty 05 LLC., which concentrate on investments ranging from health care to real estate. In 2020 Mr. Jannoun was one of the founders of Willcox International Holding, an algorithm platform company based in Tampa, Florida. Mr. Jannoun has assisted the companies in which he has served on the Board of Directors, in management or as an investor to find strategic partners to build shareholder value. Mr. Jannoun received a bachelor’s degree in business administration from the American University of Beirut and in 1992 earned a CFP degree.

Changes in Control of Registrant.

As a result of the sale of common and preferred stock by the Sellers, the Company experienced a change in control. Reference is made to the disclosure made under Item 1.01 of this Current Report on Form 8-K, which is incorporated herein by reference.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Effective April 7, 2021, the Board of Directors accepted the resignation of Daniel T. Meisenheirmer, III as Chairman of the Board of Directors and President of the registrant. The resignation of Mr. Meisenheimer was not as a result of any disagreement with the registrant relating the registrant's operations, policies or practices. Effective April 7, 2021 Saeb Jannoun was appointed to fill the vacancy following the resignation of Daniel T. Meisenheimer, III as Chairman of the Board of Directors and President of USBL.
–1–

Saeb Jannoun, age 64, has been a serial entrepreneur, and investor since 1994. From 2019 to 2020 Mr. Jannoun served as CEO of SPO Global where he successfully completed the merger of SPO Global with Gerapang Health in 2020. From 2018 to 2020 Mr. Jannoun was CIO and a member of the Board of Directors of SPO Global, Inc. Mr. Jannoun is the founder of Tess Holdings LLC, living 360 LLC and Thirty 05 LLC., which concentrate on investments ranging from health care to real estate. In 2020 Mr. Jannoun was one of the founders of Willcox International Holding, an algorithm platform company based in Tampa, Florida. Mr. Jannoun has assisted the companies in which he has served on the Board of Directors, in management or as an investor to find strategic partners to build shareholder value. Mr. Jannoun received a bachelor’s degree in business administration from the American University of Beirut and in 1992 earned a CFP degree.

Michael D. Pruitt, age 60, founded Avenel Financial Group, a boutique financial services firm concentrating on emerging technology company investments, in 1999. In 2001, he formed Avenel Ventures, a technology investment and private venture capital firm. In February 2005, Mr. Pruitt formed Chanticleer Holdings, Inc., then a public holding company (now known as Sonnet BioTherapeutics Holdings, Inc.), and he served as Chairman of the Board of Directors and Chief Executive Officer until April 1, 2020, at which time the restaurant operations of Chanticleer Holdings were spun out into a new public entity, Amergent Hospitality Group, Inc., where Mr. Pruitt has served as its Chairman and Chief Executive Officer to date. Mr. Pruitt also served as a director on the board of Hooters of America, LLC from 2011 to 2019. Since October 31, 2020, Mr. Pruitt has been a member of the Board of Directors of IMAC Holdings, Inc. (IMAC:Nasdaq). Mr. Pruitt received a B.A. degree from Coastal Carolina University, where he currently sits on the Board of Visitors of the E. Craig Wall Sr. College of Business Administration, the Coastal Education Foundation Board, and the Athletic Committee of the Board of Trustees.

Which guy?? The CEO or some other Social Media individual!!??

Same Guy that ran $SPOM . .02 to .68 . Nobody is even in this shit . Could get wild tomorrow .

$USBL Tier_Change: Pink No Information to Pink Current

OTCM Link
https://www.otcmarkets.com/stock/USBL/disclosure

$USBL Tier_Change: Pink Current to Pink Limited

OTCM Link
https://www.otcmarkets.com/stock/USBL/disclosure

USBL Tier Change Pink No Information to Pink Current

This is just another one of the thousands of worthless shells that have failed. Anything listed on the OTCBB or Pink Sheets is garbage that either collapses to zero as it is pumped and dumped or sits around forever with low or no liquidity. Smart people have moved on to trading big companies where the real action is.

pump again

pump again

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this company is a joke, im sad I never bought at 10 cents when I first saw in last year.

how many stock holders in this USBL?

huge p&d, "At the current time, the Company has no definitive plan as to how to raise additional capital and schedule a 2014 season." idk even know if this "CO" knows what took place. lol.

at it again here?

Stock mister killed it. I love their disaimer compared to every other promo site out there

You're mighty brave...I don't trust this at all. What do you think will happen here?

this is starting to to gap up, maybe i join the club at this price level.

What did you do? I'll holla, if it peaks my interest. LOL!

Holla atcha boy!

Hahahahahaha ayeeeeeee.

Big silky balla!!!

And we're off again!

Sykes ! Those are just conclusions ;)

Big bid support now, I don't think this one is done yet.

bOOOM

That's more like it I'll take that back n I apologize

It's peanuts to me and prolly a fortune to you