Toronto, Ontario–(Newsfile Corp. – August 28, 2024) – SPARQ Systems Inc. (TSXV: SPRQ) (OTCQB: SPRQF) (“SPARQ” or the “Pursue“) is pleased to announce that it has received an order to supply 10,000 Q2000 Quad Microinverters for the Indian market on August 27, 2024. This order is in addition to the order for 6,000 Q2000 Quad Microinverters announced in June 2024.
“This is further evidence of SPARQ’s innovative microinverters in the growing Indian photovoltaic market,” commented Dr. Praveen Jain, CEO of SPARQ.
ABOUT SPARQ
SPARQ designs and manufactures next-generation single-phase microinverters for residential and commercial solar power applications. SPARQ has developed a proprietary PV solution called Quad. The Quad inverter optimizes four PV modules with a single microinverter, simplifying design and installation and reducing the cost of solar power systems compared to existing market offerings.
SPARQ’s headquarters are located at 945 Princess Street, Kingston, Ontario, K7L 0E9.
Warning
Certain statements in this press release constitute “forward-looking statements.” All statements in this press release that are not historical facts, including but not limited to the partnership with Jio Things Limited, and all statements preceded, followed by or containing the words “believe,” “expect,” “seek,” “intend,” “plan,” “continue,” “will,” “could,” “would,” “anticipate,” “estimate,” “forecast,” “project,” “seek,” “should” or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but merely represent the Company’s expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. As a result, actual results may differ materially from what is expressed, implied or projected in such forward-looking statements.
Other factors that could cause actual results, performance or achievements to differ materially include, but are not limited to, the risk factors discussed in the Company’s Management’s Discussion and Analysis for the fiscal year ended December 31, 2023. Management makes forward-looking statements because it believes they provide useful information to investors in considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Accordingly, all forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that actual results or developments will be achieved or, even if substantially achieved, will have the expected consequences or effects on the Company. These forward-looking statements are made as of the date of this press release, and the Company undertakes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
For further information please contact:
SPARQ Systems Inc.
Dr. Praveen Jain
Managing Director
Email: [email protected]
Phone: 343.477.1158
To view the original version of this press release, please visit https://www.newsfilecorp.com/release/221446
