Global Warming Solutions Inc. provides update on the status of it's sodium-ion battery technology
Global Warming Solutions, Inc. (GWSO) announced the nearing completion of their first patented Sodium-Ion Battery prototype, expected in November 2021. The sodium-based technology is touted as safer and more sustainable than lithium-ion alternatives, using abundant materials. The global battery market is projected to reach USD 108.4 billion, growing at a CAGR of 14.1% through 2027. Assembly and testing of the prototype are underway, with plans for full-scale manufacturing being explored.
- Development of a patented Sodium-Ion Battery prototype expected in November 2021.
- Sodium-Ion batteries are positioned as safer and more sustainable than lithium-ion batteries.
- None.
Temecula, CA, Sept. 28, 2021 (GLOBE NEWSWIRE) -- Global Warming Solutions, Inc., (OTC MARKETS: “GWSO”), a worldwide developer of technologies that help mitigate Global Warming and its effects on our planet announces that they are in the final stages of developing their first patented / prototype Sodium-Ion Battery (International Application Number PCT/US21/24546) which they expect to have in November of this year.
Michael Pollastro, President of GWSO stated, "Upon the completion of our prototype battery we will be able to demonstrate the effectiveness of our uniquely positioned patent."
Sodium-Ion batteries consist of a cathode based upon a sodium-containing material and a liquid electrolyte containing disassociated sodium salts in polar protic or aprotic solvents. Sodium-Ion batteries have many advantages over competing battery technologies. These are far safer, and utilize readily available and abundant materials versus lithium ion batteries that use very rare and dangerous rare earth materials such as lithium, cobalt, and graphite, in addition to copper and nickel. The greatest advantage of Sodium-Ion batteries is the abundance of available sodium.
“The global battery market size was valued at USD 108.4 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of
Artem Madatov, Chief Science Officer of GWSO stated: “Assembly has officially begun and we expect to begin testing shortly. This will conclude our prototype.”
Mr. Pollastro also commented, "Once we have assembled and tested the product, it will be transported to our California offices at which point we will investigate full scale manufacturing options.”
To learn more about Global Warming Solutions, Inc. Visit: http://www.gwsogroup.com
Forward-Looking Statements
This press release may include predictions, estimates or other information that might be considered forward-looking within the meaning of applicable securities laws. While these forward-looking statements represent the Company’s current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect the opinions of the Company’s management only as of the date of this release. Please keep in mind that the Company is not obligating itself to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. When used herein, words such as: potential, expect, look forward, believe, dedicated, building, or variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by the Company herein are often discussed in filings the Company makes with the United States Securities and Exchange Commission (SEC) available at www.sec.gov and on the Company’s website at https://www.gwsogroup.com
Contact:
Michael Pollastro
CEO
Global Warming Solutions, Inc.
mpollastro@gwsogroup.com
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