PALM SPRINGS, Calif., May 5, 2014 (GLOBE NEWSWIRE) -- Solaris Power Cells, Inc. the creators of the Solaris SMART-CELL "Passive Electron Storage Array" ™, (the "Company") (OTCQB:SPCL) - Germany WKN: A1W9W5 announces today a letter to its shareholders to address shareholder concern regarding the recent stock trading activity and share price of the Company's stock. The letter is distributed through this press release in its entirety.
Dear Fellow Shareholders:
I share everyone's disappointment in the recent share price decline. Solaris Power Cells has received a large number of emails and calls regarding this situation and it has been a challenge to return all the calls in a timely manner. Therefore, this communication is intended to address the concerns expressed in emails and over the phone.
The recent share price decline is not to the Company's knowledge tied to any recent change in the Company's day-to-day operations. We are not aware of the cause for the recent share price decline.
To date Solaris Power Cells has accomplishments including development on the following;
1: Solaris Power Cells Passive-Electron-Storage-Array PESA™
2: Solaris Sun Car™
3: Solaris Agra ™
4: Solaris Vapor-Mod™
5: Solaris Squeezer ™
6: Solaris White Papers Results
Solaris Power Cells is continuing operations according to its business plan. Solaris Power Cells continues to move from a developmental company to production of products for sale over the course of the next 2 quarters and we do not anticipate moving away from this strategy. Solaris Power Cells cannot identify anything internally that accounts for the recent decline in market capitalization. In fact, operationally, the Company is in better shape today than 3 months ago.
Our primary strategy to address the current share price decline is to stay on course and operationally grow the Company, building on the fundamentals of revenue commencement, growth and profitability. We are confident that, in time, our ongoing operational performance will overcome any external forces negatively impacting the Company.
Thank you for your ongoing support.
Leonard "Lenny" Caprino
President and Co-Founder
About Solaris
Solaris Power Cells, Inc. (OTCQB:SPCL) is a diversified "green" energy storage manufacturer offering residential and commercial users turnkey, renewable energy storage solutions. Solaris manufactures the Solaris Power Cells™ for limited use electric vehicles such as golf cars. The Solaris Smart-Cell is a 100% lead-free, solid-state storage solution that makes renewable energy greener and better by allowing applications to utilize more of the energy generated. Solaris Power Cells provides a PCBA (printed circuit board assembly) energy storage solution. The Solaris Power Cell™ is capable of providing energy storage to applications normally reliant and equipped with highly toxic lead acid, nickel metal hydride or lithium-ion batteries.
Forward-Looking Statements
Statements in this press release that are not strictly historical in nature are forward-looking statements. These statements are only predictions based on current information and expectations and involve a number of risks and uncertainties. Forward-looking statements in this release include that we will manufacture our products in the next 2 quarters, we will have revenues, growth and profitability, we can compete in the energy storage business, and our products will provide an energy storage solution to industry. The Company's products involve detailed proprietary and engineering knowledge and specific customer adoption criteria, hence factors that could cause actual results to be materially different include that we may be unsuccessful in raising any additional capital needs that may arise; we may not have sufficient capital to develop, produce and deliver orders; orders that are placed may be cancelled; products may not perform as well as expected; markets may not develop as quickly as anticipated or at all; and the productive capacity of the company may not be large enough to handle market demand. Further, we are reliant on certain key employees who may leave the Company and we may be unable to protect or defend our intellectual property. Investors are cautioned against placing undue reliance on forward-looking statements. Refer to all public filings and risk factors included in the 8-K, 10-Q and 10-K as filed with the SEC.