Sunvault Energy Inc.

Sunvault Energy Inc.

July 17, 2015 09:00 ET

Sunvault Energy Receives Letter of Interest of Proposed Acquisition From the Edison Power Company

EDMONTON, ALBERTA--(Marketwired - July 17, 2015) - SUNVAULT ENERGY INC. ("Sunvault") ("the Company") (OTC PINK:SVLT) announced today that it has received a non solicited letter of interest from the Edison Power Company, a private Delaware company, expressing an interest in acquiring the total issued and outstanding shares but no less than 50.1 % of the total issued and outstanding shares of Sunvault Energy Inc.

The letter describes that there are potential synergies between the two companies that could make the acquisition advantageous to both sides.

The intention as described in the letter is to combine Sunvault Solar Power Generation Technology with Edison Energy Storage technology.

The Company cautions readers that there is no accepted offer at this time, and no terms have been agreed to at this stage. The Sunvault Board of directors will begin the process of evaluating the letter of interest, potentially entering into negotiations and communicating with shareholders, regulators and stakeholders if warranted.

About Sunvault Energy Inc:

Sunvault Energy Inc. is committed to bringing cost effective energy generation and energy storage to the solar industry through a seamless and novel integration of energy generation and storage. This technical approach is a first and has the potential to enable the lowest overall system cost at maximum efficiency. SunVault has further diversified by acquiring companies or assets that are immediately accretive and that will facilitate into the owning of quality non-cyclical assets.

For more information, visit the Sunvault Energy website at and/or

Notice Regarding Forward-Looking Statements:

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the completion of any transaction with Edison Power Company, any eventual acquisition by them, or the results of any discussion or negotiations that may be entered into.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic conditions, our ability to achieve the expected benefits from the development agreement. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

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