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VoltSafe Media Release – May 27, 2024
OTTAWA, ON, CANADA – (May 27, 2024) – VoltSafe Inc. is excited to announce it is one of a handful of select Canadian companies invited to engage in one of Canada’s Ocean Supercluster projects: the Canadian Electric Propulsion Acceleration Coalition (CEPAC). VoltSafe’s patented technology plays an integral role with its novel shore power and marine EV charging hardware and software capabilities. This project has a total value of more than $7M. Canada’s Ocean Supercluster is contributing $2.7M and the balance of funding coming from project partners.
VoltSafe Co-Founder & CEO, Trevor Burgess, commented, “In order to deliver on the demands of the commercial customer, safe, reliable charging infrastructure is critical. VoltSafe’s innovative technology ensures safe and efficient energy transfer, eliminating risks and enhancing energy management. VoltSafe is excited to be part of CEPAC, bringing our disruptive shore power solution forward as a key contributor in this proactive coalition of outstanding Canadian companies. We’re partnering together to achieve transformative growth in a sustainable blue economy.”
By advancing electric propulsion systems collaboratively, CEPAC boosts Canada’s marine industry competitiveness, establishes a domestic, coast-to-coast supply chain, and fosters job creation. The sustainable development of Canada’s ocean economy represents a key driver of total economic impact. Up to 35 percent of emissions reductions required by 2050 can be achieved through the ocean.
CEPAC is a groundbreaking initiative accelerating the development and commercialization of electric marine propulsion across tourism, aquaculture, and government sectors. The consortium is uniting leading Canadian companies, including VoltSafe, ABCO, BlueGrid By Rimot, Rosborough Boats, Mostar Labs, Malahat Solutions, and leading the project, Photon Marine, to revolutionize marine transportation. This group of boat builders, charging infrastructure providers, electric propulsion, and military-grade expertise in vessel commissioning are set to deliver a first-of-its-kind, rapid commercialization program.
Learn more about Canada’s Ocean Supercluster, and the CEPAC project HERE.
For inquiries or information regarding investing in VoltSafe, please contact CFO, Scott Carlson, at invest@voltsafe.com.
About VoltSafe Inc.
VoltSafe Inc. is improving the way people connect to power. Headquartered in Vancouver, BC, the Canadian tech startup has reinvented the electrical plug by eliminating prongs, adding magnets and an “electrical fingerprint”. Using patented technology, VoltSafe has created the world’s safest, simplest, and smartest plug design since electricity came into homes more than 140 years ago. The company’s product pipeline includes magnetic plug replacement solutions for household, commercial, industrial, marine, electric and autonomous vehicles, emergency services, data centres and more.
About Canada’s Ocean Supercluster
Canada’s Ocean Supercluster accelerates solutions for global ocean opportunities, fostering a stronger Canadian economy and a healthier planet. Its mission is to drive the growth of Canada’s ocean economy, deliver collaborative solutions, build a global ocean brand, connect ocean communities, and develop a diverse ocean workforce. The OSC values creativity, inclusivity, collaboration, and ambition.