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VoltSafe Media Release – May 22, 204
VANCOUVER, BC, CANADA – (May 22, 2024) – VoltSafe Inc. is pleased to announce it has graduated from The Oceans Stream at CDL-Atlantic in Halifax, Nova Scotia, Canada – the forefront of Canada’s Ocean industry. VoltSafe received an invitation to join the Oceans Stream at CDL-Atlantic last September. The program selectively invites high potential innovators to engage in the 9-month program. VoltSafe will now attend CDL’s Super Session in Toronto June 18-19th. This final session allows VoltSafe to take centre-stage to showcase its Marine solution in front of a high-value network of experienced entrepreneurs, investors, and leading scientists from around the world that are ocean industry focused.
VoltSafe CEO & Co-Founder, Trevor Burgess, noted, “I’m very pleased that after 8 months since acceptance into the CDL (Creative Destruction Lab) program, VoltSafe will officially be part of the graduating class of 2024! Graduating startups have gone on to generate over $28B in equity value. Not only is it incredibly difficult to get accepted into this program, it’s even more difficult to graduate and become alumni. This year less than 40% of the starting cohort will graduate. The CDL program, network and mentors have elevated our knowledge, reach, and forward momentum as we move into final commercialization and sales of our first major product release, VoltSafe Marine. VoltSafe’s future has never looked so bright.”
‘Build Something Massive’ is the mantra of CDL, which measures its success through equity value creation. VoltSafe now aims to carry on this precedent of financial gain and achievement upon the company’s successful graduation from the high intensity, value-add program.
The Oceans Stream aims to disrupt the ocean economy with emerging digital technologies and sustainable solutions. The program included engagement with mentors collaborating to sharpen VoltSafe’s strategic marine roadmap, prioritize resources, raise capital, and engage with marine experts. Its selection into the accelerator program reinforced the value its breakthrough technology delivers to advancing improvements to electrical safety, automation, sustainability, and overall human welfare in the industry.
VoltSafe is seeking a near/medium term equity raise to accelerate the commercialization of its award-winning, disruptive shore power solution. 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 Creative Destruction LabTM
Creative Destruction Lab™ (CDL) was founded at the Rotman School of Management, of the University of Toronto. It is a nonprofit, global startup program for seed-stage, science-based companies. The program employs an objectives-based mentoring process by a selected group of accomplished entrepreneurs, angel investors, economists, and scientists. It is a hub for world-leading research, innovation and entrepreneurship. CDL’s mission is to enhance the commercialization of science for the betterment of humankind.