Extreme Vehicle Battery Technologies Corp. [CRYBF] stock was booming at the previous close as it surged 166.46% to $0.579. The stock recorded Volume of 33,693,854 against the 30-day Average Volume of 1,232,295. During the last 52-week period the stock value ranged from $0.0003 to$0.25.
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The Extreme Vehicle Battery Technologies Corp. is a blockchain and battery technology company working on revolutionary new strategies to meet the needs of the EV and ESS markets.
The Company announced today that on February 5, 2021, it has entered a partnership with Daymak International Inc., Canada’s #1 distributor of light electric vehicles1.
More than $100 million worth of LEVs were sold by Daymak, of which 30% of the cost was spent on the battery systems. By the terms of the Agreement, the Company will become Daymak’s exclusive battery and battery pack supplier.
Daymak’s CEO, Aldo Baiocchi, stated he loves the technology. The Smart Wall is the perfect complement to the specialized BMS with battery packs and the upcoming projects we will be announcing soon.
Walmart, Target, Costco, TSC, QVC, Best Buy, and Hudson’s Bay are among Daymak’s current customers. The company also has showrooms in Los Angeles, Toronto, and Rome, with other locations expected in the near future. In addition to being listed as one of the Top 100 fastest-growing Canadian companies in the Profit Magazine Top 100 Fastest Growing Companies, Daymak has also been named “One of Ontario’s Greenest Companies” via a letter received from Brad Duguid, Minister of Economic Development and Innovation.
In the first half of 2021, EV Battery Tech has announced the release of two new product lines, the IoniX Pro Smart Wall Series and IoniX Pro TITAN Series, and the RV Battery Series.
The AI-driven Battery Management System (BMS) of EV Battery Tech gives it an advantage over the rest of the industry.
The deal is effective immediately and has a five-year term with automatic renewals for one-year terms. Daymak expects to include EV Battery Tech’s products in its product line by the end of this year. Even though the intent of the Agreement is for EV Battery Tech to provide batteries and battery packs exclusively, the agreement gives Daymak the right to seek a competing bid if Daymak and EV Battery Tech cannot reach an agreement on commercial terms.
Since the occurrence of extreme weather events has increased concerns over global warming, renewable energy has slowly been infiltrating various countries’ energy mix across the globe. For that reason, Energy stock can be expected to provide gains to its investors in the near future.