GWSO 8-K
Global Warming Solutions, Inc. (GWSO)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) off The Securities Exchange
Act of 1934
Date of Report (Date of earliest): December 1, 2020
Commission File Number: 000-53170
| GLOBAL WARMING SOLUTIONS, INC. | |
| (Exact name of registrant as specified in charter) |
| Oklahoma |
| 73-1561189 | ||
| (State or other jurisdiction of incorporation) |
| (IRS Employer Identification No.) | ||
|
|
|
| ||
| 17891 McPhail Rd., Martintown, Ontario, Canada |
| K0C 1S0 | ||
| (Address of principal executive offices) |
| (Zip Code) | ||
|
|
|
| ||
| Registrant’s telephone number |
| (613) 528-1681 | ||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
SECTION 8 – Other Events
Item 8.01. Other Events.
On December 1, 2020, Global Warming Solutions, Inc. issued a press release announcing that its Research and Development department has found a very cost-effective way of producing a solid electrolyte for batteries that can be used for EV. The Company has already started laboratory testing of the battery’s electrochemical cells.
The Company’s approach in developing a new type of battery used in EV will be based on sodium as an active material in the battery anodes versus lithium which is more commonly used. The Company is in the final stages of filing a worldwide patent application for a new EV technology based on this sodium-based device.
GWSO Chief Executive Officer Dr. Vladimir Vasilenko noted that the low cost of sodium batteries has expanded the market for the sale of our new product. In addition to the electric car industry, other market niches are opening up, such as major capacity batteries for electric ocean-going ships, electric boats and yachts. Existing markets, such as the market for stationary electrical energy storage, will also expand significantly. At the same time, the development of battery production will not be limited by the rate of lithium supply.
The highlights of this R&D approach are included in the Company’s press release dated December 1, 2020, which is furnished as Exhibit 99.1 to this current report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. |
| Description |
|
|
|
|
|
|
| 2 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| GLOBAL WARMING SOLUTIONS, INC. | |||
| Date: December 1, 2020 | By: | /s/ Vladimir Vasilenko | |
|
|
| Vladimir Vasilenko | |
| Chief Executive Officer | |||
| 3 |
EXHIBIT 99.1
December 1, 2020
GWSO ACHIEVES BREAKTHROUGH IN RESEARCH OF NEW BATTERIES FOR ELECTRIC VEHICLES
The research and development department of Global Warming Solutions, Inc. (OTC MARKETS: GWSO), has found a very cost-effective way of producing a solid electrolyte for batteries that can be used for EV. The company has already started laboratory testing of the battery’s electrochemical cells.
The company’s approach in developing a new type of battery used in EV will be based on sodium as an active material in the battery anodes versus lithium which is more commonly used. Sodium has a number of advantages over lithium e.g.; resources for its production are immeasurably larger and its price on the market is ten times lower than that of lithium. In addition, the battery cathode does not contain scarce cobalt. This opens up opportunities for rapid growth in both development, and battery production for electric vehicles by costing much less than usual.
The company is in the final stages of filing a worldwide patent application for a new EV technology based on this sodium-based device.
“The first results we are seeing in our laboratory tests of new electrochemical cells are very encouraging,” says Artem Madatov, GWSO chief scientist. Calculations based on measurements of the cell characteristics showed a battery capacity of 8 MJ / kg. This means that with a battery weight of 300 kg (661 lbs.), a light truck can travel for about 750 miles on a single charge. Another important feature of our battery is the absence of the so-called “memory effect.” E.g.; during long-term operation of the battery, its electrical capacity does not decrease. Durability of the cathode and anode will allow recharging the battery about 2000 times. Thus, operating an EV for 1,500,000 miles will not require a battery change.
GWSO Chief Executive Officer Dr. Vladimir Vasilenko noted that the low cost of sodium batteries has expanded the market for the sale of our new product. In addition to the electric car industry, other market niches are opening up, such as major capacity batteries for electric ocean-going ships, electric boats and yachts. Existing markets, such as the market for stationary electrical energy storage, will also expand significantly. At the same time, the development of battery production will not be limited by the rate of lithium supply. “We plan to double the sales of our products year over year,” said Dr. Vasilenko.
To learn more about Global Warming Solutions, Inc. Visit: http://www.gwsogroup.com
Forward-Looking Statements
This press release may include predictions, estimates or other information that might be considered forward-looking within the meaning of applicable securities laws. While these forward-looking statements represent the Company’s current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect the opinions of the Company’s management only as of the date of this release. Please keep in mind that the Company is not obligating itself to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. When used herein, words such as: potential, expect, look forward, believe, dedicated, building, or variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by the Company herein are often discussed in filings the Company makes with the United States Securities and Exchange Commission (SEC) available at www.sec.gov and on the Company’s website at https://www.gwsogroup.com.
Contact:
Vladimir Vasilenko
CEO
Global Warming Solutions, Inc.
[email protected]