Solaris Power Cells Announces New Business, New Management and New Majority Owners
Palm Springs, California--(Newsfile Corp. - August 30, 2013) - Solaris Power Cells, Inc. (OTCQB: ROTED) (formerly Rolling Technologies Inc.) has new management and under their leadership and guidance, has started in the renewable energy storage business. Under the terms of the transaction, the former major shareholder has sold most of his shares to incoming management, who have brought their experience, know-how, product rights and connections to the company. As part of the transaction, the company changed its name to Solaris Power Cells, Inc. and conducted a forward stock split of 24 new shares for 1 old share.
"We are eager to start production on our Solaris SMART-CELL family of products" stated new Solaris Power Cells President Leonard Caprino. Solaris Power Cells is a Coachella Valley IHUB and Incubator member.
Vincent Palmieri, CEO
Prior to Solaris Power Cells, Mr. Palmieri served as Chief Executive Officer for Secure-Info Imaging and Universal Data Cameras a manufacturer of hand-held data capture devices. Prior to Secure Info Imaging, he served as CEO and Founder of Easyfeed.com. Easyfeed.com is a Southern California full service ASP offering E-Commerce Solutions, Specialized Software Solutions, Wireless and Dedicated Hosting products. From 1995 to 1999 Mr. Palmieri served as Chief Information Officer for Cole Vocational a Major Health Service Provider serving the State of California. From 1985 through the present Mr. Palmieri was Chairman and Chief Executive Officer for Pal Pacific Incorporated. Mr. Palmieri holds several Patents and has an extensive 20-year experience in UNIX, C++, Linux, Specialty software and High End Commercial E-Commerce Solutions such as Shop Zone and SBT. His work experience includes Business solutions for the Pre-delivery division of Ford Motor Company and Ricoh Digital Products.
Leonard Caprino, President
Prior to Solaris Power Cells, Mr. Caprino served as President and Co-Founder of Secure Info Imaging & Universal Data-Cameras ("Secure Info"), a manufacturer of hand-held data capturing devices. Prior to Secure-Info, he served as President and Founder of Easyfeed.com. Easyfeed.com was a Southern California full service ASP, offering, e-commerce solutions, web hosting, specialized business software solutions, wireless internet & high speed Telco internet solutions for the commercial banking industry. Mr. Caprino received his Electronic Science Degree from Don Martin School of Radio Science.
Roy Givens, Chief Technical Officer
Prior to joining Solaris Power Cells, Mr. Givens served as Chief Executive Officer and President of Pantrol Controls in Spokane, Washington. Roy helped grow Pantrol Controls from $250,000 to over $15 million in annual sales with over 60 employees. Pantrol was Washington State's top 10 minority owned businesses and was voted Washington State's fastest growing small Business. Mr. Givens has developed many new products including pellet stove control boards, custom control panels and service entrance panels for cell phone towers. Mr. Givens received his Technical Degree at Spokane Community College and received his Business Degree from Boise State.
Raymond Madick, Co-Founder & Chief Sales Officer
Mr. Madick was most recently president of Gold Coast Metals, a Southern California distributor of Steel Products, who's customers include the local Golf Cart vendors and Golf Cart companies who customize the carts for customers. Mr. Madick has worked in top management positions in the development and marketing of products in the steel and automotive industries. These companies include National Steel, Geneva Steel and Manic Motors, where Mr. Madick led a highly successful sales team and launch new products into the market place.
The stock symbol for Solaris will change in mid-September 2013 to SPCL and continue to trade on the OTC Bulletin Board in the U.S.
About Solaris Power Cells, Inc.
Solaris Power Cells (www.solarispowercells.com) is a diversified "green" energy storage manufacturer offering residential and commercial users low-cost, turn-key, renewable energy storage solutions. Solaris manufactures the Solaris Sun Kit for Limited Use Electric Vehicles (LUV) like golf carts and electric utility vehicles. The Solaris Smart-Cell is a 100% lead-free, solid state digital 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) digital 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.
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 press release include that we are about to manufacture our products, 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; product may not perform as well as expected; markets may not develop as quickly as anticipated or at all; or that 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.
Readers should refer to the risk factors included in the 8-K filed by the Company at the date of this press release.
For Further Information
Solaris Power Cells, Inc.
Lenny Caprino, President
Tel: 760-600-5272 ext108