EV

Principal Provides Status Update of eTruck Transportation’s Class 6 EV Conversion Technology
Principal Provides Status Update of eTruck Transportation’s Class 6 EV Conversion Technology 1920 1080 Principal Solar

Video Demo Now Available; eTruck’s Commercial Product Development Progressing as Anticipated, Providing Further Validation of Principal Solar’s Investment and Operational Strategies

DALLAS, TEXAS, Sept. 23, 2021 (GLOBE NEWSWIRE) — Principal Solar, Inc. (OTC Pink: PSWW) (“Principal” or “the Company”), a strategic investor in and acquirer of technologies that support next-generation opportunities in renewable, and clean energy sectors as well as an investor in and acquirer and operator of undervalued petroleum-producing properties, today announced that eTruck Transportation (“eTruck”) is on schedule with the development and planned availability of its class 6 hybrid heavy electric vehicle demonstration vehicles, both of which are planned for Q4 of 2021.

“Our investment in eTruck Transportation is performing as anticipated,” said K. Bryce “Rick” Toussaint, CPA, MBA, Chairman and CEO of PSWW. “eTruck is on schedule for a Q4 completion of its two initial vehicle conversions for customer evaluation and plans to accept commercial orders in the same quarter.”

A video of eTruck’s Class 8 demonstration vehicle is viewable here: https://youtu.be/tOVcmY2tdno.

eTruck’s heavy vehicle EV conversion technology is engineered to enable transportation and logistics companies of all sizes to cost-effectively transition their existing fleets from diesel to high performance hybrid electric fleets without waiting for major truck manufacturers to engineer completely new platforms. eTruck’s proprietary system lowers operational costs, reduces fuel consumption and emissions, thus enabling diesel fleets to transition towards electric power, without sacrificing performance, range, or utility.

Principal Solar, via its Nexteal subsidiary, is strategically investing in emerging electric vehicle technologies that are ready for near-term commercial rollout, thereby meeting today’s market demand with timely, cost-effective, and environmentally-friendly solutions.

About Principal Solar
Principal Solar is a strategic investor in and acquirer of technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an acquirer of undervalued petroleum-producing properties.

For further information, please visit the Company’s website at www.pswwenergy.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
The statements contained in this news release which are not historical facts may be “forward-looking statements” that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe PSWW’ hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond PSWWs’ control, will affect actual results. PSWW undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with PSWWs’ most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission by PSWW.

Principal Solar Contact
K. Bryce “Rick” Toussaint, CPA, MBA
Chairman and Chief Executive Officer
kt@pswwenergy.com
346-396-4210

Investor Relations Contact
Michael Briola
invest@pswwenergy.com

Principal Solar and IPLTech Electric to Develop Heavy Duty EV Trucks for North American Markets
Principal Solar and IPLTech Electric to Develop Heavy Duty EV Trucks for North American Markets 1920 1080 Principal Solar

Comprehensive Development Agreement Executed; India-based IPLTech Electric Pvt. Ltd. to License Class 8 Heavy Electric Vehicle Technology to Principal Solar for North American Commercialization

DALLAS, TEXAS, July 20, 2021 (GLOBE NEWSWIRE) — Principal Solar, Inc. (OTC Pink: PSWW) (“Principal” or “the Company”), a strategic investor in and acquirer of organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in and acquirer and operator of undervalued petroleum-producing properties, today announced that it has executed a Development Agreement (“the Agreement”) with India-based heavy electric vehicle maker IPLTech Electric Pvt. Ltd. (“IPLTech”, “IPLTech Electric” or “IPLT”). Per the terms of the Agreement, upon completion of the development of a pure electric truck prototype, Principal and IPLTech will enter into a Licensing Agreement (the “License”) in which Principal will receive a license to deploy IPLT’s technologies in U.S. truck platforms. The Agreement also provides an opportunity for the Company to co-invest in IPLTech alongside private equity funds. In exchange, the Company will receive a combination of exclusive and non-exclusive rights to commercialize IPLT’s proprietary technologies for North American markets.

“This transaction strategically expands Principal’s investments in the electric vehicle sector,” said K. Bryce “Rick” Toussaint, CPA, MBA, Chairman and CEO of PSWW. “We believe that this relationship with IPLTech has the potential to bring significant value to our stakeholders by increasing the Company’s EV intellectual property investments and providing access to international markets. IPLTech’s proven technologies could also broaden Principal’s potential commercial EV solutions for future customers.”

Sid Das, Co-founder and CEO of IPLTech Electric, said “IPLTech Electric is an innovation-first company that designs, develops, and manufactures the world’s largest on-road electric trucks. We are fully operational and sustainable with each electric truck in operation representing the carbon equivalent savings of 5,600 trees. For months, we have been successfully operating a commercial fleet of trucks in the Indian market. We strongly believe in our partnership with Principal and our combined ability to deliver pure electric, zero tailpipe emissions Class 8 trucks to customers in North American markets.”

Per the terms of the Agreement, in exchange for the License, the Company will contract with IPLT to develop a working prototype in India, for North American markets. Principal will assist IPLT in acquiring the approvals necessary for the prototype to operate on U.S. roads.

The terms of the transaction are expected to be finalized and closed in July of 2021. Rajiv Khanna and Stefi Porter of Buchanan Ingersoll & Rooney PC represented IPL Tech Electric Private Limited in this transaction.

About IPLTech Electric Pvt. Ltd.

India-based IPLTech is an innovative developer of pure electric, heavy duty commercial goods carriers with wide-ranging applications in mines, ports, infrastructure development, construction, and inter-warehouse goods transportation.

IPLTech has pioneered several industry-first initiatives including just-in-time delivery of construction materials, deployment of electric trucks, and the successful rollout of a driver app.

For further information, please visit IPLTech’s website at www.ipltelectric.com.

About Principal Solar, Inc.

Principal Solar is a strategic investor in and acquirer of organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an acquirer and operator of undervalued petroleum-producing properties.

For further information, please visit the Company’s website at www.pswwenergy.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this news release which are not historical facts may be “forward-looking statements” that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe PSWW’ hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond PSWWs’ control, will affect actual results. PSWW undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with PSWWs’ most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission by PSWW.

Principal Solar Contact
K. Bryce “Rick” Toussaint, CPA, MBA
Chairman and Chief Executive Officer
kt@pswwenergy.com
346-396-4210

Investor Relations Contact
Michael Briola
invest@pswwenergy.com

PSWW and eTruck Transportation in Process of Completing the First Two Class 6 Vehicle EV Conversions for Customer Demonstrations
PSWW and eTruck Transportation in Process of Completing the First Two Class 6 Vehicle EV Conversions for Customer Demonstrations 1920 1080 Principal Solar

Dallas, Texas, June 24, 2021 (GLOBE NEWSWIRE) — Principal Solar, Inc. (OTC Pink: PSWW) (“Principal” or “the Company”), a strategic investor in and acquirer of technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in and acquirer and operator of undervalued petroleum-producing properties, today announced that the first two Class 6 Vehicle EV conversions for customer demonstrations are underway.

“This marks a milestone as we bring eTruck to market. Through these demonstration conversions, we will show the how our solution meets the needs of the market looking to move their fleet to EV now instead of 5 years from now,” said K. Bryce “Rick” Toussaint, CPA, MBA, Chairman and CEO of PSWW.

Principal Solar’s heavy-duty vehicle EV conversion technology is engineered to enable transportation and logistics companies of all sizes to quickly and easily transition their existing fleets from diesel to almost fully electric vehicles without the long development timelines typically required to engineer completely new platforms. Instead of an R&D process that would typically result in a multi-year timeframe from design to delivery, Principal Solar is able to reduce this significantly.

About Principal Solar

Principal Solar is a strategic investor in and acquirer of organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an acquirer and operator of undervalued petroleum-producing properties.

For further information, please visit the Company’s website at www.pswwenergy.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this news release which are not historical facts may be “forward-looking statements” that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe PSWW’ hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond PSWWs’ control, will affect actual results. PSWW undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with PSWWs’ most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission by PSWW.

Principal Solar Contact
K. Bryce “Rick” Toussaint, CPA, MBA
Chairman and Chief Executive Officer
kt@pswwenergy.com
346-396-4210

Investor Relations Contact
Michael Briola
invest@pswwenergy.com

SuperTruck 3 Further Validates Principal Solar’s Heavy Vehicle Electrification Subsidiary Partnership with eTruck Transportation
SuperTruck 3 Further Validates Principal Solar’s Heavy Vehicle Electrification Subsidiary Partnership with eTruck Transportation 1920 1080 Principal Solar

$162 Million Department of Energy Program to Fund Projects to Electrify Medium- and Heavy-Duty Freight Trucks, Fund Heavy Electric Vehicle Charging Technologies and Infrastructure

Dallas, Texas–(Newsfile Corp. – May 13, 2021) – Principal Solar, Inc. (OTC Pink: PSWW) (“Principal” or “the Company”), a strategic investor in and acquirer of technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in and acquirer and operator of undervalued petroleum-producing properties, today stated its intention to participate in the Department of Energy’s SuperTruck 3 program by application, via its subsidiary partnership with vehicle conversion company eTruck Transportation (“eTruck”). The program, announced on April 15, 2021, provides $162 million in opportunities aimed at electrifying freight trucking, along with efforts to expand infrastructure and lower emissions.

“We see this as further validation of our decisions to create NexTeal, Principal’s EV-focused operating company, and to form our heavy vehicle electrification subsidiary partnership with eTruck Transportation,” said K. Bryce “Rick” Toussaint, CPA, MBA, Chairman and CEO of PSWW. “SuperTruck 3 is a funding opportunity that feels tailor-made for NexTeal and our new subsidiary partnership. We plan to apply to participate in the program.”

According to the Department of Energy’s announcement, the program seeks to fund solutions that will mitigate the largest contributors to transportation sector greenhouse gas emissions, of which medium- and heavy-duty trucks are responsible for nearly a quarter.

The Department of Energy’s Office of Energy Efficiency and Renewable Energy (EERE) launched the original SuperTruck initiatives in 2009 with the goal of improving heavy freight truck efficiency by 50%. SuperTruck 2, launched in 2016, sought to double the efficiency of 18-wheeler (class 8) trucks. SuperTruck 3’s funding is focused on even higher efficiency via a range of approaches to electrification.

The complete announcement from the Department of Energy regarding the program may be found here: https://www.energy.gov/articles/doe-announces-162-million-decarbonize-cars-and-trucks.

As noted in previous Company announcements, the eTruck partnership is an example of Principal Solar’s new multi-faceted go-forward strategy of building accretive growth by investing in and/or acquiring innovative, next-generation technologies within the renewable energy, electric vehicle, and “green” hydrocarbon capture spaces. Principal’s approach then supports its technology developers and new business management teams with growth capital raised specifically for the subsidiary via public markets. Principal also provides the hands-on expertise, manpower, strategies, and sales and marketing resources necessary to equip these businesses and technologies with the maximum potential to thrive – and the maximum potential to deliver returns for all stakeholders.

About Principal Solar

Principal Solar is a strategic investor in and acquirer of technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an acquirer and operator of undervalued petroleum-producing properties.

For further information, please visit the Company’s website at www.pswwenergy.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this news release which are not historical facts may be “forward-looking statements” that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe PSWW’ hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond PSWWs’ control, will affect actual results. PSWW undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with PSWWs’ most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission by PSWW.

*US$803 billion by 2027. Source: https://www.statista.com/statistics/271537/worldwide-revenue-from-electric-vehicles-since-2010/

**Source: https://www.psmarketresearch.com/market-analysis/us-electric-truck-market

***Source: https://www.trendsmarketresearch.com/report/analysis/MMR/global-electric-heavy-vehicle-market

Principal Solar Contact
K. Bryce “Rick” Toussaint, CPA, MBA
Chairman and Chief Executive Officer
kt@pswwenergy.com
346-396-4210

Investor Relations Contact
Michael Briola
invest@pswwenergy.com

Principal Solar Forms NexTeal Energy EV-Focused Operating Subsidiary
Principal Solar Forms NexTeal Energy EV-Focused Operating Subsidiary 1920 1080 Principal Solar

New Entity Created Specifically for Electric Vehicle Investments and Opportunities; Principal Completes Initial $1m Investment into Subsidiary Partnership with eTruck Transportation

Dallas, Texas,–(Newsfile Corp. – May 10, 2021) – Principal Solar, Inc. (OTC Pink: PSWW) (“Principal” or “the Company”), a strategic investor in and acquirer of organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in and acquirer and operator of undervalued petroleum-producing properties, today announced the formation of its new operating subsidiary corporation, NexTeal Energy, Inc. (“NexTeal”). The new entity was created specifically to focus on the Company’s electric vehicle investments, including its subsidiary partnership with eTruck Transportation (“eTruck”), as well as to potentially capitalize on funding opportunities and development incentives in the electric vehicle technology sector.

“The NexTeal concept represents an intentional transition from today’s largely non-renewable vehicle technologies to a fully renewable future for the transportation sector,” said K. Bryce “Rick” Toussaint, CPA, MBA, Chairman and CEO of PSWW. “The creation of the new operating company is the latest example of our strategic focus on building accretive growth through investments in next-generation opportunities in innovative markets with maximum value potential.”

The Company today also announced that it had achieved its first major electric vehicle investment milestone, delivering a US$1.1 million tranche of funds into its subsidiary partnership with eTruck Transportation, thereby fulfilling its initial financial obligations under the terms of the partnership agreement. eTruck expects to begin taking customer deposits for its Class 8 heavy electric vehicle conversions in Q4 of 2021.

About Principal Solar

Principal Solar is a strategic investor in and acquirer of organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an acquirer and operator of undervalued petroleum-producing properties.

For further information, please visit the Company’s website at www.pswwenergy.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this news release which are not historical facts may be “forward-looking statements” that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe PSWW’ hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond PSWWs’ control, will affect actual results. PSWW undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with PSWWs’ most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission by PSWW.

Principal Solar Contact
K. Bryce “Rick” Toussaint, CPA, MBA
Chairman and Chief Executive Officer
kt@pswwenergy.com
346-396-4210

Investor Relations Contact
Michael Briola
invest@pswwenergy.com

Principal Solar and eTruck Transportation Provide Subsidiary Partnership Status Update
Principal Solar and eTruck Transportation Provide Subsidiary Partnership Status Update 1920 1080 Principal Solar

Operational and Facilities Expansion Currently Underway; Expected to Begin Accepting Potential Customer Purchase Orders in Q4 2021

Dallas, Texas–(Newsfile Corp. – April 19, 2021) – Principal Solar, Inc. (OTC Pink: PSWW) (“Principal” or “the Company”), a strategic investor in and acquirer of organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in and acquirer and operator of undervalued petroleum-producing properties, today provided a status update regarding the formation of its new subsidiary in partnership with industry-leading heavy electric vehicle conversion company eTruck Transportation (“eTruck”).

“Principal and eTruck have made forward progress finalizing the terms of our subsidiary partnership, which we are optimistic will enable us to capitalize on the projected US$803 billion global market for electric vehicles*,” said K. Bryce “Rick” Toussaint, CPA, MBA, Chairman and CEO of PSWW. “Declining battery prices, favorable federal, state, and local initiatives, and electric vehicles’ substantially lower operational and maintenance costs are driving today’s demand. We remain confident that our partnership with eTruck will enable us to begin accepting and fulfilling potential customer purchase orders by the end of 2021.”

In order to accommodate anticipated future vehicle sales, eTruck is expanding its Omaha operations and is in the process of closing on a larger facility intended to expedite Class 6 (heavy duty) vehicle-focused research and product development activities. eTruck expects this new R&D facility to become operational and open to prospective customer visits by the end of the second quarter or early in the third quarter of 2021.

“Both eTruck and Principal recognized the potential market opportunity inherent in supplying heavy duty battery electric trucks to the logistics sector,” said Russell Knudsen, President of eTruck Transportation. “A recent market report noted that logistics was the highest revenue-generating classification in the U.S. truck market and that heavy duty electric trucks with greater than 300kWh battery capacity were expected to witness the fastest growth in the report’s 2020-2030 forecast period.** Our new subsidiary and its logistics-focused, heavy duty vehicle offerings are directly, intentionally positioned to capitalize on this anticipated market demand.”

Principal’s partnership with eTruck is perfectly aligned with its goal of rapidly evolving into a full-spectrum energy technologies company and capitalizes on today’s existing market demand for fully-capable, heavy electric vehicles that can replace diesel trucks without sacrificing range, functionality, or performance. According to Trends Market Research, the global heavy electric vehicle market is projected to reach sales of over 1.8 million units by 2026, up from approximately 125,000 units in 2017 – a compound annual growth rate of nearly 40%.***

As noted in previous announcements, the eTruck partnership is an example of Principal Solar’s new multi-faceted go-forward strategy of building accretive growth by investing in and/or acquiring innovative, next-generation technologies and businesses within the renewable energy, electric vehicle, and “green” hydrocarbon capture spaces. Principal’s approach then supports its technology developers and new business management teams with growth capital raised specifically for the subsidiary via public markets. Principal also provides the hands-on expertise, manpower, strategies, and sales and marketing resources necessary to equip these businesses and technologies with the maximum potential to thrive – and the maximum potential to deliver returns for all stakeholders.

About Principal Solar

Principal Solar is a strategic investor in and acquirer of organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an acquirer and operator of undervalued petroleum-producing properties.

For further information, please visit the Company’s website at www.pswwenergy.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this news release which are not historical facts may be “forward-looking statements” that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe PSWW’ hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond PSWWs’ control, will affect actual results. PSWW undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with PSWWs’ most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission by PSWW.

*US$803 billion by 2027. Source: https://www.statista.com/statistics/271537/worldwide-revenue-from-electric-vehicles-since-2010/

**Source: https://www.psmarketresearch.com/market-analysis/us-electric-truck-market

***Source: https://www.trendsmarketresearch.com/report/analysis/MMR/global-electric-heavy-vehicle-market

Principal Solar Contact
K. Bryce “Rick” Toussaint, CPA, MBA
Chairman and Chief Executive Officer
kt@pswwenergy.com
346-396-4210

Investor Relations Contact
Michael Briola
invest@pswwenergy.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/80815

Principal Solar Announces Partnership Agreement with Electric Vehicle Company eTruck Transportation
Principal Solar Announces Partnership Agreement with Electric Vehicle Company eTruck Transportation 1920 1080 Principal Solar

Letter of Intent to Create New Principal Solar Partnership Subsidiary in collaboration with eTruck Transportation Expected to Provide Working Capital, Funding for R&D, Sales and Marketing of Heavy Electric Vehicle Conversions, Thereby Meeting Today’s Expanding Market Demand for Electric Fleet Vehicles

Dallas, Texas–(Newsfile Corp. – March 23, 2021) – Principal Solar, Inc. (OTC Pink: PSWW) (“Principal” or “the Company”), a strategic investor in and acquirer of organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in and acquirer and operator of undervalued petroleum-producing properties, today announced that it has executed a Letter of Intent to create a new subsidiary in partnership with electric vehicle conversion company eTruck Transportation (“eTruck”). Through the subsidiary, Principal intends to fund and support the successful, near-term roll-out of eTruck’s heavy electric vehicle offerings by providing the working capital necessary to deliver on expected customer orders, develop future platforms and technologies, to accelerate the growth of eTruck.

“Principal’s partnership with eTruck is perfectly aligned with our goal of rapidly evolving into a full-spectrum “green” energy technologies company and capitalizes on today’s existing market demand for fully-capable, heavy electric vehicles that can replace diesel trucks without sacrificing range, functionality, or performance,” said K. Bryce “Rick” Toussaint, CPA, MBA, Chairman and CEO of PSWW. “The logistics and transportation sectors are seeking EV fleet vehicles that are able to travel all day without recharging, and we believe that eTruck’s conversion technologies offer the best near-term solution. We’re confident that our partnership subsidiary and resulting funding and resources will provide eTruck with the ability to receive and deliver orders for Class 6 and Class 8 fleet vehicles in a manner significantly faster than can be accomplished by traditional truck manufacturers.”

eTruck’s heavy vehicle EV conversion technology is engineered to enable transportation and logistics companies of all sizes to quickly and easily transition their existing fleets from diesel to almost fully electric vehicles without the long development timelines typically required to engineer completely new platforms. Instead of an R&D process that would typically result in a multi-year timeframe from design to delivery, eTrucks intends to begin delivering road-ready heavy electric vehicles in approximately one year.

“For a variety of reasons, logistics companies are looking for immediate ways to transition their fleets to electric vehicles, a process which could take new truck manufacturers five years or more to accomplish,” said Russell Knudsen, President of eTruck Transportation. “Through our partnership subsidiary with Principal Solar and the resulting financial and human resources expected to be devoted to all aspects of eTruck’s sales, marketing, and technology development, we are confident we can begin to address customer need within 12 months, giving us a massive competitive advantage in a growing, profitable, high demand portion of the EV market. When consummated, we are optimistic that this planned transaction will allow us to begin fulfilling orders as soon as the fourth quarter of 2021.”

The eTruck partnership is an example of Principal Solar’s new multi-faceted go-forward strategy of building accretive growth by investing in and/or acquiring innovative, next-generation technologies and businesses within the renewable energy, electric vehicle, and “green” hydrocarbon capture spaces. Principal’s approach then supports its technology developers and new business management teams with growth capital raised specifically for the subsidiary. Principal also provides the hands-on expertise, manpower, strategies, and sales and marketing resources necessary to equip these businesses and technologies with the maximum potential to thrive – and the maximum potential to deliver returns for all stakeholders.

Principal Solar is constantly seeking and evaluating new partnerships and acquisition opportunities in the clean, renewable, and traditional energy technology spaces and is currently in various stages of discussions with multiple organizations.

The terms of the transaction with eTruck Transportation are expected to be finalized and announced in April of 2021.

About Principal Solar

Principal Solar is a strategic investor in and acquirer of organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an acquirer and operator of undervalued petroleum-producing properties.

For further information, please visit the Company’s website at www.pswwenergy.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this news release which are not historical facts may be “forward-looking statements” that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe PSWW’ hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond PSWWs’ control, will affect actual results. PSWW undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with PSWWs’ most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission by PSWW.

Principal Solar Contact
K. Bryce “Rick” Toussaint, CPA, MBA
Chairman and Chief Executive Officer
kt@pswwenergy.com
346-396-4210

Investor Relations Contact
Michael Briola
invest@pswwenergy.com

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Company Contact

K. Bryce Toussaint, MBA, CPA
Chairman and Chief Executive Officer
kt@pswwenergy.com

Investor Relations Contact

Michael Briola
invest@pswwenergy.com

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