Turbo Energy, S.A 6-K, filed Jan 17, 2024
Turbo Energy, S.A. (TURB)
About this 6-K
Turbo Energy, S.A filed this 6-K on January 17, 2024.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of, January 2024
Commission File Number 001-41813
TURBO ENERGY, S.A.
(Translation of registrant’s name into English)
Street Isabel la Católica, 8, Door 51,
Valencia, Spain 46004
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☒ Form 40-F ☐
Issuance of Press Release
On January 17, 2024, Turbo Energy, S.A. (the “Company” or “Turbo Energy”) issued a press release announcing that Solar360 and the Company are entering the new year with a disruptive proposition in the solar photovoltaic self-consumption sector.
On December 11, 2023, the Company issued a press release announcing that Movistar has launched Turbo Energy’s GoSolar offering for sale through Movistar’s energy branch, Solar360.
On December 5, 2023, Turbo Energy issued a press release announcing that it has selected IBN, a multifaceted financial news and publishing company for private and public entities, to assist with its corporate communications initiatives.
The press releases furnished in this report as Exhibits 99.1, 99.2 and 99.3 shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section.
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Exhibits
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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, thereunto duly authorized.
| Date: January 17, 2024 | Turbo Energy, S.A. | |
| By: | /s/ Mariano Soria | |
| Mariano Soria | ||
| Chief Executive Officer | ||
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Exhibit 99.1
PRESS RELEASE
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Solar360, Repsol and Telefónica Joint Venture, Partners with Turbo Energy to Revolutionize Solar Self-Consumption Through Artificial Intelligence
The alliance between Solar360, and Turbo Energy, a NASDAQ-listed company and leader in the field of photovoltaic energy storage, will enable end-users to maximize savings through smart battery technology.
Madrid and Valencia, Spain, January 17, 2024 - Solar360 and Turbo Energy (Nasdaq: TURB), a leader in the field of photovoltaic energy storage, are entering the new year with a disruptive proposition in the solar photovoltaic self-consumption sector. In an industry that has experienced exponential growth worldwide in recent years, both companies aim to maximize user savings and provide energy when it is needed, not just when the sun is shining.
The companies are embarking on a strategic alliance in which Turbo Energy, serving as a technology provider, and Solar360, acting as an energy services promoter, will install intelligent batteries produced by Turbo Energy in homes, commercial areas, and industries across the country.
Solar360 has already launched the Turbo Energy product called Sunbox. It is an all-in-one device, combining an inverter, battery, and software, capable of managing and storing photovoltaic energy through a digital platform equipped with Artificial Intelligence algorithms that maximize energy savings and provide personalized performance for the user.
Guillermo Barth, CEO of Solar360, states, “With this launch, we are revolutionizing the photovoltaic sector with an innovative and distinctive offering in the market, focused on maximizing our customers’ savings. Our goal is to revolutionize the photovoltaic market in 2024.”
The innovative product marketed by Solar360 achieves significant savings compared to conventional installations, thanks to an intelligent energy storage system capable of real-time analysis of thousands of data points related to consumption habits, photovoltaic generation, weather conditions, and applied electricity rates. Artificial Intelligence processes this vast amount of data to optimize energy usage, translating it into savings for the consumer.
The proposal includes a user-friendly mobile application that allows for the customization of the device’s operation. For example, it can deliver energy when the user consumes more power than their contracted electricity company provides.
Mariano Soria, CEO of Turbo Energy, remarks, “We are delighted that a market leader like Solar360 has chosen our Sunbox device as a distinctive and innovative product for their value proposition. We are excited about this partnership and believe it will bring value to both sides as well as to a broad variety of consumers.”
Solar360 complements its service with a photovoltaic production guarantee. In their commitment to their customers’ savings, if the installation generates less energy than estimated in the offer, the company will compensate for the difference during the first year or throughout the amortization period if the customer chooses maintenance.
In the picture, from left to right: Alberto Jimenez (CMO of Solar360), Guillermo Barth (CEO of Solar360), Enrique Selva (CEO of Umbrella Solar Investment), and Mariano Soria (CEO of Turbo Energy).
About Solar360
Solar360, a joint venture of Repsol and Telefónica España, develops the photovoltaic self-consumption business with comprehensive solutions for individual customers, communities of neighbors, and companies, both SMEs and large corporations, through solar panel installations. In addition to the reach of its channels and its strength in operations and distribution, Telefónica contributes its technological expertise and IoT capabilities to provide differential optimization in the market. Repsol brings its experience in self-consumption and multi-energy in Spain, allowing them to offer customers a specific electricity rate that complements the photovoltaic installation. For more information, visit www.solar360.es.
About Turbo Energy
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.
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Forward-Looking Statements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the factors discussed in the “Risk Factors” section of the filings that we make with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Turbo Energy, S.A. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
For more information, please contact:
Skyline Corporate Communications Group, LLC
Scott Powell, President
One Rockefeller Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835
Email: info@skylineccg.com
Contact
Saray Fernández - Marketing Manager
sarayfernandez@umbrellasolarinvestment.com / +34 687 31 42 63
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Exhibit 99.2
Movistar Begins Selling Turbo Energy’s “Do It Yourself” GoSolar, the Most Compact Photovoltaic Solution Available
GoSolar complements Turbo Energy’s range of available products.
VALENCIA, Spain – Dec. 11, 2023 (GLOBE NEWSWIRE) -- In an exciting step towards a more sustainable future, Turbo Energy, S.A. (Nasdaq: TURB) (“Turbo Energy” or the “Company”), a Valencia-based company specializing in photovoltaic energy storage solutions, today announced that Movistar has launched Turbo Energy’s GoSolar offering for sale this week through Movistar’s energy branch, Solar360.
Movistar, a telecommunications leader in Spain and Latin America, has been recognized as one of the world’s top 500 most valuable companies in the 2023 Global 500 rankings by Brand Finance. This highlights Movistar’s commitment to innovation and sustainability, aligning with Turbo Energy’s pursuit of cleaner and more efficient solutions in the field of photovoltaic generation.
GoSolar by Turbo Energy is a revolutionary solution consisting of a small microinverter and lightweight, flexible panels that can be plugged into any household outlet, allowing end-users to install the device themselves without requiring special permits or the assistance of professional installers.
This product is designed to offer an affordable solution to any user profile in locations with solar exposure, aiming to reduce home electricity costs and minimize their carbon footprint. GoSolar complements Turbo Energy’s range of available products, which spans from this small “Do it yourself” kit to the industrial version launched in 2023, as well as the successful all-in-one residential version. All Turbo Energy products come with a mobile application designed for end-users, enabling them to monitor their system’s energy usage and customize its operations accordingly. Through the use of Artificial Intelligence from a cloud platform, Turbo Energy optimizes the use of the generated photovoltaic energy and gathers data to provide increasingly efficient individual and community clean energy services.
“It is very gratifying for us to see that Movistar, a leading home-services brand, is committed to Turbo Energy,” said Mariano Soria, General Manager of Turbo Energy. “It encourages us to continue researching and developing products that contribute to the sustainable reduction of energy costs for thousands of homes and businesses.”
About Turbo Energy, S.A.:
Turbo Energy is a leading photovoltaic energy storage technology company based in Valencia, Spain. The Company develops innovative solutions that allow end users 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 towards a more sustainable and energy-efficient future. For more information, please visit www.turbo-e.com.
Forward-Looking Statements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the preliminary prospectus filed with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and Turbo Energy, S.A. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
For more information, please contact:
Skyline Corporate Communications Group, LLC
Scott Powell, President
One Rockefeller Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835
Email: info@skylineccg.com
Exhibit 99.3
IBN Coverage Initiated for Turbo Energy S.A.
LOS ANGELES, December 5, 2023 – via IBN – Turbo Energy S.A. (NASDAQ: TURB), a leading photovoltaic energy storage technology company based in Valencia, Spain, today announces it has selected IBN, a multifaceted financial news and publishing company for private and public entities, to assist with its corporate communications initiatives.
Turbo Energy designs, develops and distributes equipment for the generation, management and storage of photovoltaic energy in Spain, Europe and internationally. The company recently launched its flagship product, the Sunbox, an all-in-one device that integrates most of the equipment required for a residential photovoltaic installation. The Sunbox is powered by AI and features a software system that monitors the generation, use and management of photovoltaic energy by analyzing large amounts of data related to energy generation, consumption, market prices and weather forecasts. This AI system optimizes battery usage, reducing electricity bills and providing peak-use reduction and uninterruptible power supply functions.
Turbo Energy currently sells its photovoltaic energy equipment primarily through distributors for residential consumers in Spain, but it possesses the expertise and international perspective to expand its product portfolio into industrial and commercial scale and markets, as well as advancing the internationalization process it has already started.
As part of the Client Partner relationship, IBN will leverage its investor based distribution network of 5,000+ key syndication outlets, various newsletters, social media channels, wire services via InvestorWire, blogs and other outreach tools to generate greater awareness for Turbo Energy.
With 17+ years of experience assisting 500+ client partners improve communications within the investment community, and a sizable family of 60+ trusted brands, IBN has amassed a collective audience that includes millions of social media followers. IBN is uniquely positioned to provide Turbo Energy the solutions needed to reach a wide audience of investors, journalists and the general public.
To learn more about Turbo Energy, please visit the company’s corporate newsroom @ https://IBN.fm/TURB
About Turbo Energy S.A.
Turbo Energy is a leading photovoltaic energy storage technology company based in Valencia, Spain. The company’s focus is on developing 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 toward a more sustainable and energy-efficient future. For more information, visit the company’s website at www.Turbo-E.com
About IBN
IBN consists of financial brands introduced to the investment public over the course of 17+ years. With IBN, we have amassed a collective audience of millions of social media followers. These distinctive investor brands aim to fulfill the unique needs of a growing base of client-partners. IBN will continue to expand our branded network of highly influential properties, leveraging the knowledge and energy of specialized teams of experts to serve our increasingly diversified list of clients.
Through our Dynamic Brand Portfolio (DBP), IBN provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) Press Release Enhancement to ensure maximum impact; (4) full-scale distribution to a growing social media audience; (5) a full array of corporate communications solutions; and (6) total news coverage solutions.
For more information, please visit https://www.InvestorBrandNetwork.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.
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