Valencia, Spain, Sept. 22, 2023 (GLOBE NEWSWIRE) — Turbo Energy, S.A. (Nasdaq: TURB) (the “Company”)Titan Partners Group, a division of American Capital Partners, LLC, is acting as lead underwriter for the Offering. Boustead Securities, LLC is acting as the representative of the underwriters.Turbo Energy, S.A. is a designer, developer, and manufacturer of equipment for the generation, management, and storage of photovoltaic (PV) energy. The Company’s energy storage products are managed, from the cloud by an advanced software system which is optimized by artificial intelligence (“AI”). The key advantage is that its products, compared to conventional battery storage systems, are focused on reducing the electricity bill in addition to protecting from power outages.
Turbo Energy’s flagship product, the Sunbox, is an all-in-one device that integrates most of the equipment for a domestic photovoltaic installation. Designed as a plug & play product, it only has to be connected to the photovoltaic panels and the home. The Sunbox is powered by AI and features a software system that monitors the generation, use, and management of photovoltaic energy through the analysis of large amounts of data related to energy generation, consumption, market prices, and weather forecasts. This AI system optimizes battery usage, reducing electricity bills and providing peak shaving and uninterruptible power supply functions.
The company has focused all its efforts for 10 years on designing a residential product with customer-centric operating modes and software. With this experience in innovation, in 2022 it launched a version of Sunbox for electric vehicles with an integrated charger. Its special 3 charging modes along with the intelligent management algorithm have a patent application pending to be resolved. And in 2023 the C&I scale solution has been added to the portfolio, significantly expanding the range of target clients. 
2 years ago, Turbo Energy began the international expansion process, having introduced the first sales in 14 countries, mainly in Europe.
Turbo Energy is part of the Umbrella Solar Investment Group, whose main shareholder is Crocodile Investment, S.L.U, with a registered office in Valencia. The majority shareholder of Turbo Energy, S.A is Umbrella Solar Investment, S.A, which is part of the Umbrella Solar Investment Group.Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the preliminary prospectus filed with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and Turbo Energy, S.A. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.For Media and Investor Relations:      Alejandro Moragues Navarro
Chief Financial Officer
Turbo Energy, S.A.
[email protected]+ 34 601 902 576Scott Powell, President
One Rockefeller Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835
Email: [email protected]
(GlobeNewsWire)