72 hours into the Daymak Avvenire Product Launch, Total Pre-Orders Surpass Expectations
VANCOUVER, BC, March 26, 2021 /CNW/ - Extreme Vehicle Battery Technologies Corp. (the "Company" or "EV Battery Tech") (CSE: ACDC) is pleased to announce that its partner, Daymak International Inc. ("Daymak"), has begun accepting pre-orders for its new Avvenire Products.
All of the Daymak Avvenire products are expected to be equipped with customized IoniX Pro Lithium-Ion battery packs, which will be equipped with EV Battery Tech's patented and AI powered battery management system (BMS). Daymak estimates that over 30% of its production cost will be in the battery and BMS systems from by IoniX Pro.
All retail pre-orders are potential sales and require a minimum deposit2 and distributor pre-orders require a letter of interest. All deposits are non-refundable.
"We are extremely pleased with the numbers we have seen in the first 3 days of pre-orders but fully believe we have just started scratching the surface as far as the total number of pre-orders go," said Aldo Baiocchi President of Daymak.
Daymak is already Canada's largest Light Electric Vehicle (LEV) distributor, with one of the largest distribution networks in North America which includes Walmart, Costco, TSC, QVC, Best Buy, Hudson's Bay plus a network of 150 dealers across Canada and the USA. Daymak also has showrooms in Los Angeles, California, Toronto, Ontario, and Rome, Italy with more expected in the future.
"In the first quarter of 2021 we primarily focused on bringing state of the art ESS products to the market," said Robert Abenante, IoniX Pro Chief Innovation Officer. "We are now ready to shift our focus to these custom battery packs for Daymak's impressive line of Avvenire Products."
The Flagship Electric Vehicle from Daymak is expected to hit the streets in 2023 according to Daymak.
"We are beyond excited to see these beautifully crafted EVs on the street in the near future and we know every ride in one of your vehicles will be a memorable one." concluded Mr. Baiocchi.
For a live counter of pre-order sales please visit http://daymakavvenire.com/campaign/.
On behalf of the Company,
Chief Executive Officer
About EV Battery Tech
Extreme Vehicle Battery Technologies Corp. is a blockchain and battery technology company with revolutionary, patented Battery Management Systems (BMS) designed to meet the growing demand for scalable, smart solutions for the rapidly growing Electric Vehicle (EV) and Energy Storage Solution (ESS) markets. The company has committed to assisting global recycling solutions by offering recycling initiatives using their technology to analyze and fully refurbish used batteries.
About Daymak International Inc.
Daymak, a Toronto-based company incorporated in 2002, is a leading developer and distributor of personal light electric vehicles. Daymak's goal is to make outstanding clean vehicles that make a positive impact on the environment for today and future generations. Daymak builds its vehicles to give freedom of movement and are a joy to ride.
Daymak's current customers include Walmart, Costco, TSC, QVC, Best Buy, Hudson's Bay plus a network of 150 dealers across Canada and the USA. Daymak also has showrooms in Los Angeles, California, Toronto, Ontario, and Rome, Italy with more expected in the future. Daymak was also the recipient of the "Clean Tech North Award", and Profit Magazine's Top 100, 200 fastest growing Canadian companies while also being named "One of Ontario's Greenest Companies."
About AlphaOne Media Group Inc.
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Forward Looking Statements
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties, including the specific factors disclosed here and elsewhere in EV Battery Tech's periodic filings with Canadian securities regulators. When used in this news release, words such as "will", "hope", "could", "plan", "estimate", "expect", "intend", "may", "potential", "believe", "should", "projected", "proposed", "rendering" and similar expressions, are forward-looking statements.
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements respecting (i) Daymak's pre-sales; (ii) the supply of IonIX Pro Lithium Ion battery pack and batteries to Daymak; (iii) Daymak's specifications for the Spiritus and Avvenire products generally; (iv) the Company's ability to bring its products to market; (v) increasing demand for electric vehicles, charging stations, and other battery products, including those of EV Battery Tech; (vi) the US government's intention to increase its use of electric vehicles; (vii) the Company's ability to satisfy the demand for its products; and (ix) the Company's prospects for 2021. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
1 $48,974,370 of the pre-orders have been through wholesale channels with letters of intent and the retail total of pre-orders stands at $2,941,000. Currency is in Canadian dollars.
SOURCE EV Battery Tech
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