KELOWNA, BC, March 17, 2015 /PRNewswire/ - SUNVAULT ENERGY
INC. ("Sunvault") ("the Company") (SVLT) is pleased to announce the
appointment of Trent Blind to the
role of President of Sunvault Energy Inc. Trent Blind has been instrumental in the
companies' continued success within First Nations. Over the next
decade it has been estimated that more than 600 major resource
projects, worth approximately $650
billion, are planned for Canada, and First Nations communities have a
unique opportunity to benefit from these developments.
Trent is currently the Chairman of the Ermineskin Cree Nation
group of companies and Advisor and Consultant to Ames Construction
Canada ULC and Simplex Grinnell. Mr. Blind's past clients include
his acting in the role of Advisor and Consultant to ATCO Structures
& Logistics Ltd and ATCO Sustainable Communities Inc.
Mr. Blind served Aboriginal communities throughout the Province
of Alberta and the Northwest Territories in his role as one of
the founding Senior Managers of Aboriginal Banking with the Bank of
Montreal. He played a strategic
role in guiding the Bank of Montreal in establishing a billion dollar
portfolio with various Aboriginal communities throughout
Canada.
Trent is also the founding President & CEO of George Gordon
First Nation Holdings Inc. the former parent business development
company for the George Gordon First Nation. Under the direction of
a seven member board, Trent completed a two year contract and was
responsible for implementing the company's strategic initiatives
that included a large scale wind farm assessment, oil and gas
exploration and the negotiation and signing of a variety of
industry partnerships and joint ventures designed to maximize the
socio-economic opportunities associated with potash projects in the
surrounding region. As a consequence of these efforts, the
company's joint venture with ATCO Structures & Logistics (ASL)
led to the largest Canadian contract ever awarded to ASL in its
65-year history. Since setting up these strategic industry
partnerships and joint ventures, all of them have won contracts at
BHP Billiton's Jansen Mine and the K+S Legacy Mine – Saskatchewan's newest Greenfield potash mines
in over 40 years.
http://cjme.com/story/joint-venture-jansen-mine-housing-project/47343
http://finance.yahoo.com/news/atco-awarded-camp-management-contract-225407777.html
http://www.atcosl.com/en-ca/Media-Room/News-2012/030512-ATCO-Building-Workforce-Housing-Camp-for-BHP
In past years, Trent completed a four-year contract as the Chief
Financial Officer for the Siksika Nation's economic and business
development arm. During his appointment as Chief Financial Officer,
the group of companies' assets grew from $14
million in market value to in excess of $100 million.
Trent has served as a Senior Advisor to the Western Cree Tribal
Council in representing their socio-economic and business
development interests in the proposed $6
billion Enbridge Gateway Pipeline Project. He has in
past years also served as the Chief Negotiator and Senior Advisor
to the Akaitcho Treaty 8 Chiefs in representing their
socio-economic and business development interests in the Ekatai
Diamond Mine owned and operated by BHP Billiton - the largest
resource and mining company in the world.
Trent has also held positions with a few federal government
departments including Immigration Canada, Revenue Canada and Indian
& Northern Affairs Canada.
Over the years Trent has participated in a number of community
events and has made several presentations to numerous organizations
in raising the public's awareness of Aboriginal issues. He has been
a director with a number of local, regional and national Aboriginal
organizations including the Canadian Aboriginal Science and
Technology Society, the Calgary
Chamber of Commerce's Aboriginal Opportunities Committee, the
Canadian Council for Aboriginal Business (Alberta Chapter),
Petromin Resources Ltd., a public company listed on the TSE Venture
Exchange and was past chairman of the Metis Economic Development
Corporation. He is currently the chairman of Treaty 7
Economic Development Corporation's Investment Committee. Trent is
the President and Principal owner of Aboriginal Financial Services
Corporation, a senior advisory and executive management consulting
services firm.
Trent is a Treaty Indian from the Gordon's First Nation in the
Treaty 4 area of southern Saskatchewan. He attended the
University of Alberta and the
University of Regina and has earned two
degrees: a Bachelor of Arts, Economics (Special) from the
University of Alberta and a Bachelor of
Administration from the University of Regina. He majored in
economics and finance and is a CMA Associate.
"We are very pleased to welcome Trent to the role of President
of Sunvault Energy", stated Gary
Monaghan, Chief Executive Officer of Sunvault Energy
Inc. "Trent has valuable experience, connections and intelligence
right in the markets we are focusing our concentration on for
infrastructure projects", he commented.
"I am pleased to join Sunvault Energy in the role of President",
stated Trent Blind. "We have
accomplished a lot in this past year and I look forward to
contributing to expedite our growth from both a cash flow revenue
producing basis to moving our significant technology forward", he
added.
The Company is also pleased to announce that it has entered into
a limited partnership agreement with Halalt First Nation to form
Halalt Transportation General Partner Limited. This partnership
will focus on the many trucking opportunities that exist on and
through Aboriginal lands. The partnership will utilize First
Nations employees and will provide training and employment as owner
/operators. As Halalt Transportation General Partner Limited grows,
it is expected to expand in the areas of maintenance and fuel
operations.
Aboriginal Power Corp, an incubation company for Sunvault Energy
Inc. has signed a Memorandum of Understanding with the Muscowpetung
Saulteaux First Nation of the Province of Saskatchewan. The agreement is to pursue the
development of a commercially viable solar power project under a
limited partnership structure to be located on Muscowpetung
Saulteaux First Nation lands. The development of the project will
include supporting power purchase agreements with the Governments
of Saskatchewan and Canada and other industrial entities operating
on Muscowpetung Saulteaux First Nation lands. The MOU will move as
agreed by the parties to a more formal agreement, with the date to
be determined between the parties.
About Sunvault Energy Inc.
Sunvault Energy Inc. is committed to bringing cost effective
energy generation and energy storage to the solar industry through
a seamless and novel integration of energy generation and storage.
This technical approach is a first and has the potential to enable
the lowest overall system cost at maximum efficiency. SunVault has
further diversified by acquiring companies or assets that are
immediately accretive and that will facilitate into the owning of
quality non-cyclical assets.
For more information, visit the Sunvault Energy website at
http://www.sunvaultenergy.com/ and/or
question@sunvaultenergy.com.
Notice Regarding Forward-Looking Statements:
This news release contains "forward-looking statements," as
that term is defined in Section 27A of the United States Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this news release which are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such forward-looking statements include, among other things, that
working with Universities will expedite Sunvault technology into
real world applications, the ability to reduce the required
footprint and cost associated to traditional solar energy
generation, collection and storage, or that the technology has the
potential to revolutionize how solar energy is generated, stored
and utilized.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, general economic conditions, our ability to
achieve the expected benefits from the development agreement. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and
intentions contained in this news release are reasonable, there can
be no assurance that such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in our annual report on Form 10-K
for the most recent fiscal year, our quarterly reports on Form 10-Q
and other periodic reports filed from time-to-time with the
Securities and Exchange Commission.
SOURCE Sunvault Energy Inc.