TURB TURBO ENERGY SOCIEDAD ANONIMA

El Corte Inglés S.A. Begins Selling Turbo Energy's GoSolar Solution

El Corte Inglés S.A. Begins Selling Turbo Energy's GoSolar Solution

VALENCIA, Spain, April 16, 2024 (GLOBE NEWSWIRE) -- Turbo Energy, S.A. (Nasdaq: TURB) (“Turbo Energy” or the “Company”), a leader in the field of photovoltaic energy storage, today announced that El Corte Inglés S.A., the biggest department store group in Europe and the third largest worldwide, has launched Turbo Energy's GoSolar offering for sale this week.

This move is expected to allow El Corte Inglés S.A. to further pursue its commitment to innovation and sustainability, aligning with Turbo Energy’s pursuit of cleaner and more efficient solutions in the field of photovoltaic generation.

Headquartered in Madrid, El Corte Inglés S.A. is the only remaining department store chain in Spain and Portugal. The company has been a member of the International Association of Department Stores since 1998. Its stores and online site offer a wide range of products including music, movies, portable and household electronics, furniture, hardware, books, clothes, groceries, gourmet food, cars and real estate.

GoSolar is a lightweight and portable solar energy storage solution designed to provide consumers with similar capabilities as our flagship SunBox product, at a fraction of the cost and size. GoSolar is perfect for homeowners looking to reduce their electric bills and minimize their carbon footprint, and compatibility with most household outlets makes installation easy and seamless for the end-user.

"We are very excited that El Corte Inglés S.A., the third largest department store group in the world, will be selling our GoSolar product," said Turbo Energy’s CEO, Mariano Soria. "This development, we believe, will contribute to the sustainable reduction of energy costs for thousands of homes and businesses."

GoSolar complements Turbo Energy's range of available products, which spans from this small "Do it yourself" kit to the industrial version launched in 2023, as well as the successful all-in-one residential version. All Turbo Energy products come with a mobile application designed for end-users, enabling them to monitor their system's energy usage and customize its operations accordingly. Through the use of Artificial Intelligence from a cloud platform, Turbo Energy optimizes the use of the generated photovoltaic energy and gathers data to provide increasingly efficient individual and community clean energy services.

About Turbo Energy, S.A.

Turbo Energy is a Spanish company listed on NASDAQ (ticker: TURB), a leader in photovoltaic energy storage technology managed through Artificial Intelligence. The company's goal is to develop innovative solutions that allow end consumers to harness the full potential of solar energy and reduce their electricity costs. With a combination of Artificial Intelligence and advanced technology, Turbo Energy is paving the way for a more sustainable and energy-efficient future. For more information, visit .

Forward-Looking Statements

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 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 more information, please contact:

Skyline Corporate Communications Group, LLC

Scott Powell, President

1177 Avenue of the Americas, 5th Floor

New York, NY 10036

Office: (646) 893-5835

Email: 



EN
16/04/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on TURBO ENERGY SOCIEDAD ANONIMA

 PRESS RELEASE

Turbo Energy Files Patent Application in Spain for its Sunbox Commerci...

Turbo Energy Files Patent Application in Spain for its Sunbox Commercial and Industrial Product VALENCIA, Spain, May 06, 2024 (GLOBE NEWSWIRE) -- Turbo Energy, S.A. (NASDAQ: TURB) (“Turbo Energy” or “the Company”), a leader in the field of photovoltaic energy storage, today announced it has filed a patent application with the Spanish Patent and Trademark Office (“OEPM”) for its Sunbox Commercial & Industrial (“Sunbox C&I”) product. This product, which is already available on the market, offers the most efficient and adaptable solution for both isolated and grid-connected projects. Additio...

 PRESS RELEASE

Turbo Energy Announces Financial Results for Year Ended December 31, 2...

Turbo Energy Announces Financial Results for Year Ended December 31, 2023 Valencia, Spain, April 18, 2024 (GLOBE NEWSWIRE) -- Turbo Energy, S.A. (NASDAQ: TURB), a leading energy-saving technology company leveraging artificial intelligence software, today announced that for the year ended December 31, 2023, the Company reported revenues of €13.14 million ($14.54 million) and a net loss of €2.01 million ($2.23 million). MANAGEMENT COMMENTARY The year 2023 was a period in which the residential and industrial photovoltaic sector was adversely affected by a variety of external factor...

 PRESS RELEASE

El Corte Inglés S.A. Begins Selling Turbo Energy's GoSolar Solution

El Corte Inglés S.A. Begins Selling Turbo Energy's GoSolar Solution VALENCIA, Spain, April 16, 2024 (GLOBE NEWSWIRE) -- Turbo Energy, S.A. (Nasdaq: TURB) (“Turbo Energy” or the “Company”), a leader in the field of photovoltaic energy storage, today announced that El Corte Inglés S.A., the biggest department store group in Europe and the third largest worldwide, has launched Turbo Energy's GoSolar offering for sale this week. This move is expected to allow El Corte Inglés S.A. to further pursue its commitment to innovation and sustainability, aligning with Turbo Energy’s pursuit of cl...

 PRESS RELEASE

Solar360, Repsol and Telefónica Joint Venture, Partners with Turbo Ene...

Solar360, Repsol and Telefónica Joint Venture, Partners with Turbo Energy to Revolutionize Solar Self-Consumption Through Artificial Intelligence The alliance between Solar360, and Turbo Energy, a NASDAQ-listed company and leader in the field of photovoltaic energy storage, will enable end-users to maximize savings through smart battery technology. Madrid and Valencia, Spain, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Solar360 and Turbo Energy (Nasdaq: TURB), a leader in the field of photovoltaic energy storage, are entering the new year with a disruptive proposition in the solar photovoltaic se...

 PRESS RELEASE

Turbo Energy Appoints Mariano Soria as CEO of the Company with Enrique...

Turbo Energy Appoints Mariano Soria as CEO of the Company with Enrique Selva to Remain as a Chairman of the Board Valencia, Spain, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Turbo Energy, S.A. (NASDAQ: TURB) (“Turbo Energy” or the “Company”), a Valencia-based company specializing in photovoltaic energy storage solutions, today announced a transition in the management structure of the Company, resulting from the governance policies of the holding company, Umbrella Solar Investment (USI) a public company on BME Growth market in Spain. Given the responsibilities of Enrique as CEO of USI, and the co...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch