VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 8, 2016) - Torino Power Solutions Inc. (CSE:TPS)(CSE:TPS.CN) (the "Company" or "Torino"), is pleased to report that it has completed all the procedural and specifications requirements for the Industry Canada (IC) Certification of its Power Line Monitoring (PLM) system. Industry Canada issued a grant of equipment authorization to Torino Power Solutions Inc. to operate its Power line monitoring system within a specified radio frequency band. The Torino equipment has also received certification under Federal Communication Commission (FCC) part 15C as previously announced on October 18, 2016.
Torino's real-time Power Line Monitoring system provides a major advance in enabling electric utilities to maximize the capacity of their power transmission lines. Without real-time information, utilities must use historical, ambient, or "static" temperature data to make their transmission capacity decisions and cannot react to local events and current weather conditions.
"This is an important accomplishment in the Company's commercialization of the Torino PLM system. The ability to operate the system at low power, gives the Torino system an advantage over the incumbent Technologies," said Rav Mlait, the CEO of Torino.
Please visit www.torinopower.com for more information.
We seek Safe Harbor.
On behalf of the Board of Directors
Rav Mlait, CEO and Director
Torino Power Solutions Inc.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company, such as final development of a commercial product(s), successful trial or pilot of company technologies, no assurance that commercial sales of any kind actually materialize; no assurance the Company will have sufficient funds to complete product development. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions; (ii) risks regarding protection of proprietary technology; (iii) the ability of the Company to complete financings; (v) the ability of the Company to develop and market its future product; and (vi) risks regarding government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements and filings. There is no assurance that the DTCR business will provide any benefit to the Company, and no assurance that any proposed new products will be built or proceed. There is no assurance that existing "patent pending" technologies licensed by the Company will receive patent status by regulatory authorities. The Company is not currently selling commercial DTCR systems. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company does not intend to update these forward-looking statements.