Social Detention Inc. (OTC PINK:SODE) Subsidiary, Danliv Inc., Executes an Electric Vehicle Site Operation Agreement

Rhea-AI Summary

Social Detention, (OTC PINK:SODE), through its subsidiary Danliv Inc., has signed an Electric Vehicle Site Operation Agreement with Civic Square LLC. This agreement entails the installation of ten Electric Vehicle chargers on the premises, enabling residents and guests to charge their vehicles onsite. A project design is complete, and installation is projected to commence in Q2 2022. The charging stations will feature RFID and smartphone app integration, with approved rebate incentives to offset installation costs. CEO Robert P. Legg II expressed optimism about revenue opportunities following the Infrastructure Bill's passage.

Positive

• Agreement signed with Civic Square LLC for installation of 10 Electric Vehicle chargers.
• Installation project design completed and expected to start in Q2 2022.
• Approved rebate incentives to offset upfront installation costs.
• Integration of RFID and smartphone app for enhanced user experience.

Negative

• None.

ALAMO, CA / ACCESSWIRE / April 19, 2022 / Social Detention, Inc.. (OTC PINK:SODE) is pleased to announce that its subsidiary, Danliv Inc., has executed an Electric Vehicle Site Operation Agreement with Civic Square LLC. The agreement calls for the licensing of the premises for the installation of Electric Vehicle Charging Equipment. It consists of (10) chargers with related equipment and the operating, maintaining and managing the Electric Vehicle Charging Equipment to permit residents of the property and invitees at the property to charge Electric Vehicles onsite. A project design is complete and has been submitted for issuance of a building permit. We anticipate installation beginning in Q2 of this year.

The installed Charging Equipment will be networked with RFID and smart phone app integration for credit card charges. LTE primary modems will be utilized to communicate with secondary units. Dual mount pedestals will be utilized for the chargers at each location and parking spots will be upgraded for ADA access. For this project, rebate incentives were applied for and approved to offset the upfront costs.

Robert P. Legg II, President/CEO of Social Detention Inc, recently stated, "We are very excited about Danliv Inc.'s agreement with Civic Square LLC. to provide revenue generating Electric Vehicle Equipment to the property. With the signing of the Infrastructure Bill last November, we are optimistic about our target market for future and current revenue opportunities."

Safe Harbor Statement

This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for markets and the demand for products. Forward-looking statements are no guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the Company's industry and competition. The Company assumes no duty to update its forward-looking statements.

CONTACT:
Robert P. Legg II
blegg@sodetention.com

SOURCE: Social Detention, Inc.

View source version on accesswire.com:
https://www.accesswire.com/697873/Social-Detention-Inc-OTC-PINKSODE-Subsidiary-Danliv-Inc-Executes-an-Electric-Vehicle-Site-Operation-Agreement

FAQ

What is the recent agreement signed by Social Detention, Inc. (SODE)?

Social Detention, Inc. has signed an Electric Vehicle Site Operation Agreement with Civic Square LLC for the installation of 10 Electric Vehicle chargers.

When will the installation of Electric Vehicle chargers begin for SODE?

Installation of the Electric Vehicle chargers is anticipated to begin in Q2 of 2022.

What technology will be used in the Electric Vehicle chargers for SODE?

The Electric Vehicle chargers will feature RFID technology and smartphone app integration for credit card payments.

How is Social Detention, Inc. planning to offset installation costs?

The company has applied for and received approved rebate incentives to help offset the upfront costs of the installation.

What is the significance of the Infrastructure Bill for SODE?

The Infrastructure Bill, signed last November, is expected to provide new revenue opportunities for Social Detention, Inc. and its subsidiary.