VALENCIA, Spain, May 06, 2024 (GLOBE NEWSWIRE) -- Turbo Energy, S.A. (NASDAQ: TURB) (“Turbo Energy” or “the Company”), a leader in the field of photovoltaic energy storage, today announced it has filed a patent application with the Spanish Patent and Trademark Office (“OEPM”) for its Sunbox Commercial & Industrial (“Sunbox C&I”) product. This product, which is already available on the market, offers the most efficient and adaptable solution for both isolated and grid-connected projects. Additionally, the product allows for existing solar installations of any brand to be managed by the Sunbox system, thus expanding a user’s photovoltaic production capability as needed.

Turbo Energy’s Sunbox Commercial & Industrial (“Sunbox C&I”) Product         Source: Turbo Energy

“We are pleased to announce this patent application submission,” said Turbo Energy CEO Mariano Soria. “We are optimistic that the OEPM will approve our presentation after having thoroughly studied the technological base of the market and having already successfully tested our solution with our clients.”

Sunbox C&I’s software provides several competitive advantages which include allowing Turbo Energy’s technology to be incorporated into any previously operational facility, of any brand, without the need to develop a management project that allows both the initial plant and the newly incorporated plant to operate synchronously. This also allows for the standardization and lowering of the cost of the system in a notable way.

Furthermore, the Sunbox system allows the expansion of the photovoltaic installation to be connected in direct current, while simultaneously taking advantage of the surpluses from the original plant by connecting with it in parallel. This system, including its order of preferences for the use of surplus energy from both plants, is the most efficient electrical management system on the market today.

"Following Spanish approval,” said Mr. Soria, “we plan to continue our expansion strategy for Sunbox by seeking an international patent that will provide Turbo Energy with substantial global revenue growth opportunities.”

About Turbo Energy, S.A.

Turbo Energy is a Spanish company listed on NASDAQ (ticker: TURB), a leader in photovoltaic energy storage technology managed through Artificial Intelligence. The company's goal is to develop innovative solutions that allow end consumers to harness the full potential of solar energy and reduce their electricity costs. With a combination of Artificial Intelligence and advanced technology, Turbo Energy is paving the way for a more sustainable and energy-efficient future. For more information, visit www.turbo-e.com.

Forward-Looking Statements

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For more information, please contact:

Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, NY 10036
Office: (646) 893-5835
Email: info@skylineccg.com

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• Turbo Energy’s Sunbox Commercial & Industrial (“Sunbox C&I”) Product