Extreme Vehicle Battery Technologies Corp. (the “Company” or “EV Battery Tech“) (CSE: ACDC) is pleased to announce it has been added to the Tech Megatrend Exchange Traded Fund (ETF). The Company also provides preliminary revenue guidance and general corporate updates.
Added to the Tech Megatrend ETF
The Company has been added to the HAN-GINS Tech Megatrend ETF (LSE:ITEP, NYSE:ITEK) (“Tech ETF“). The portfolio contains trending public companies in the technology, blockchain and EV / battery sectors.
|
Technology Sector |
Blockchain |
EV / Battery Tech |
|||
|
Name |
Ticker |
Name |
Ticker |
Name |
Ticker |
|
Apple Inc. |
NASDAQ: APPL |
Riot Blockchain Inc |
NASDAQ: RIOT |
Tesla Inc |
NASDAQ: TSLA |
|
Alphabet Inc. |
NASDAQ: GOOG |
Hive Blockchain Technologies Ltd. |
TSXV: HIVE |
Volkswagen AG |
FRA: VOW |
|
Microsoft Corp |
NASDAQ: MSFT |
Voyager Digital Ltd |
CSE: VYGR |
Toyota Motor Corp |
NYSE: TM |
|
Netflix Inc |
NASDAQ: NFLX |
Galaxy Digital Holdings Ltd. |
TSE: GLXY |
Plug Power Inc |
NASDAQ: PLUG |
For a full breakdown see: https://www.hanetf.com/product/3/fund/han-gins-tech-megatrend-equal-weight-ucits-etf-acc
“We are honored to be added to an ETF with a portfolio of such established companies,” states EV Battery Tech CEO Bryson Goodwin. “This is a clear sign of a high performing fund showing faith in our team, technology and Company.”
Tech ETF is a UCITS compliant Exchange Traded Fund domiciled in Ireland. ITEK tracks the Solactive Innovative Technologies Index (Net Total Return), an index of leading companies that are driving innovation in sectors including robotics & automation, cloud computing & big data, cyber security, future cars, genomics, social media, blockchain and digital entertainment. Tech ETF trades on the following exchanges: LSE (ITEK LN); BORSA (ITEK IM); XETRA (T3KE GY); and SIX (ITEK SW).
The fund is currently targeting growth in the blockchain sub-sector and has recently added 11 new blockchain holdings, up from two (2). For more information, please visit: https://roseferro.com/2021/03/tech-megatrend-etf-rebalances-to-focus-on-more-blockchain-stocks/
24-Month Revenue Guidance
Pursuant to the technology partnership agreement dated February 5, 2021 between the Company, the Company’s wholly owned subsidiary IoniX Pro Battery Technologies Inc. (“IoniX Pro“), and Daymak (the “Technology Partnership Agreement“), the Company has the first exclusive right to provide battery products to all of Daymak’s products. For further details on the agreement, please refer to the announcement on February 8, 2021. While the batteries themselves are normally sold at prices resulting in margins of approximately 10%, all EVs produced by Daymak are anticipated to be powered by the customized IoniX Pro Lithium-Ion battery pack, which will be equipped with the Company’s patented AI-powered battery management system (“BMS“). The BMS will carry higher margins than the batteries and therefore the Company anticipates blended margins of approximately 25%.
Daymak estimates that over 30% of its production cost will be in the battery systems, including the BMS. Since signing the Technology Partnership Agreement, the Company has already received purchase orders for $2 million dollars worth of battery systems, for just its existing LEV vehicles.
On April 6, Daymak made a guidance news announcement. For a full copy of Daymak’s press release, please follow this link: news release dated April 6, 2021.
Given Daymak’s recent announcement, the Company projects that it could generate revenues of up to $300 million in the next 24 months, from the Daymak partnership. The Company estimates that the costs associated in generating this revenue will be $225 million, resulting in profits of up to $75 million. The Company expects to see significantly higher margins with their retail products compared to the margins from the sales related to the Daymak partnership. The margins associated with Daymak’s projections are lower since Daymak is a partner and the sales to Daymak will be at wholesale (as opposed to retail) prices.
“Investors have been calling and asking for clarification on our revenue plans. I am pleased to articulate and demonstrate the importance and magnitude of this very beneficial relationship we have built with Daymak.” Commented Bryson Goodwin President and CEO.
“If you look at the EV trends over the last three years combined with clean energy initiatives going on across the globe, Daymak believes it is in a prime position to achieve superior sales,” commented Daymak CEO, Aldo Baiocchi.
According to EV-Volumes, EV Sales Volumes have been growing at over 100% month-over-month growth since July of last year.
The Company also continues to build its sales and distribution networks for its line of IoniX Pro Energy Storage Systems (ESS), including:
- the Home SmartWall, for which it expects deliveries to commence in Q4 of 2021;
- the TITAN EnergyCore, for which it expects deliveries to commence in Q3 of 2021;
- the RV Freedom, for which it expects deliveries Q3 of 2021; and
- the EV Smart Charger, for which it expects deliveries to commence in Q1 of 2022.
The Company also continues to develop blockchain platforms, which will serve as the backend infrastructure for the entire IoniX Pro product line up and will be customizable for use for third parties.
“The demand for our IoniX products has been extremely encouraging given they were all launched within the last 3 months,” commented IoniX Pro’s Chief Innovation Officer, Robert Abenante. “However, this recent partnership with Daymak has been particularly exciting given the rapid increase in orders for our battery systems.” continued Mr. Abenante.
The sales and revenue projections are subject to the forward-looking information and risk factors included below. See: “Forward Looking Information” and “Risk Factors”.
The Daymak EV line is anticipated to be ready to hit the streets starting in 2022 with Terra Ebike and Tectus Mobility followed by the Spiritus in 2023. For more information on pre-orders or to see a live counter of pre-order sales, please visit www.daymakavvenire.com.
Corporate Updates and Highlights
The Company is pleased to announce that its IoniX Pro RV Freedom battery, and IoniX Pro SmartWall have begun the manufacturing stage, and both products are expected to have the first versions landed in Canada by Summer 2021.
The Company is pleased to announce that Mr. Robert Abenante will be assuming the role of Managing Director in its subsidiary IoniX Pro. Mr. Abenante currently holds the title of Chief Innovation Officer and will now also assume the head of the Company’s battery products and services subsidiary.
The Company recently closed the first tranche of its previously announced private placement, as stated in its news release dated April 6, 2021.
On behalf of the Company,
Bryson Goodwin,
Chief Executive Officer
