PRINCIPAL SOLAR INC - PSWW STOCK NEWS

Principal Solar, Inc. (OTC Pink: PSWW) announced a Cooperative Research and Development Agreement with Triad Pro Innovators, Inc. to explore power storage solutions for the Electric Vehicle (EV) industry. The partnership aims to utilize Triad Pro's innovative eCell technology, which offers rapid charging capabilities and a lifespan exceeding 30,000 cycles, enhancing maintenance efficiency. This agreement aligns with Principal's strategy to invest in sustainable technologies and cater to the growing demand in the EV market.

Principal Solar, Inc. (OTC Pink: PSWW) provided a shareholder update highlighting its upcoming special board strategy meeting and the finalization of the Double-H Services acquisition. The meeting will focus on adding key executives to the management team and exploring non-dilutive financing options. Additionally, opportunities for its oil and gas subsidiary, E-3 Petroleum, are being evaluated in light of high oil prices. Chairman and CEO K. Bryce “Rick” Toussaint emphasized the board's commitment to growth and stakeholder value.

Principal Solar (OTC Pink: PSWW) has successfully closed its Regulation A Plus equity offering, raising US$8.65 million by selling 96.6 million shares at US$0.0895 each. The offering began on November 25, 2020, and concluded on February 16, 2022. Proceeds will be used to reduce debt and invest in oil and gas leases, extraction technologies, and electric vehicle technologies. CEO K. Bryce Toussaint expressed optimism about the company's future and welcomed new investors.

Interview Scheduled for 10am EST on Thursday, January 20, 2022

Principal Solar, Inc. (OTC Pink: PSWW) announces an interview with Chairman and CEO K. Bryce “Rick” Toussaint, to be held on January 20, 2022. The discussion will focus on the company's initiatives, including Double-H Services and Heavy Electric Vehicles, along with market outlooks for 2022. The interview will be available for listening on January 24, 2022, via Stock Day Media's website. Principal Solar is actively investing in clean energy and petroleum properties.

Principal Solar, Inc. (OTC Pink: PSWW) has shared an update on its strategic growth initiatives targeting the renewable energy and environmentally friendly oil and gas sectors. The company has finalized the acquisition of Double H Services, which will facilitate a transition to more environmentally friendly logistics solutions. Additionally, its subsidiary, E-3 Petroleum, is focused on remediating abandoned oil wells. The company's EV subsidiary, Nexteal, has made investments in heavy electric vehicle technologies, with positive market expectations for 2022.

Principal Solar, Inc. (PSWW) has outlined its initial activities for 2022, focusing on enhancing shareholder communication and completing its fiscal audits for 2019 and 2020. The Company plans to release a detailed letter to shareholders and conduct an audio interview with Chairman and CEO K. Bryce “Rick” Toussaint. The audit, managed by Whitley Penn, is nearing completion, with reports expected early in Q1 2022. The management expresses optimism for the year, highlighting ongoing communications with auditors to ensure transparency.

Principal Solar (PSWW) announced a strategic divestiture of its investment in IntelliMedia/Apollo Green, converting it into a note with capital return and interest. This decision aligns with the company's goal to enhance stakeholder value and will facilitate the acquisition of logistics assets and advance its partnership with IPLTech Electric in the heavy electric vehicle sector. Additionally, the company is exploring partnership opportunities in well-side cryptocurrency mining, utilizing low-cost electricity from its natural gas holdings. Further transaction details will be disclosed later.

Principal Solar, Inc. (OTC Pink: PSWW) has finalized a majority acquisition of Double-H Services, LLC, enhancing its strategic position in the clean energy sector. This transition involves Double-H purchasing hybrid and fully electric heavy EV solutions to convert its diesel fleet, aiming to significantly reduce operating costs and environmental impact. Double-H has reported consistent seven-figure annual revenues over the past five years. The deal, subject to further due diligence, is expected to finalize in the second quarter of 2022.

Principal Solar, Inc. (PSWW) has extended its Memorandum of Understanding with IPLTech Electric Pvt. Ltd. to license Class 8 heavy electric vehicle technology for commercialization in North America. The revised terms of the agreement now include a modified payment schedule extending into 2022. This partnership aims to capitalize on the growing demand for heavy electric vehicles, projected to reach $1.9 billion by 2027, with a compound annual growth rate of 25.8%. Principal Solar plans to develop a prototype in India and acquire necessary U.S. operational approvals, enhancing potential value for its stakeholders.