Harmony provides product updates, announces debt settlements and issuance of stock compensation
New York, New York – (Newsfile Corp. – August 25, 2021) – Harmony Energy Technology Corporation (“Harmony“or the”Society“) is pleased to announce that its Smarten Portable Power Station (” Smarten PPS “) has passed all necessary tests and recently obtained UN38.3, FCC and RoHS certifications. As part of our research and development, the Smarten PPS will begin production and sales.
UN38.3 is the current United Nations standard that lithium batteries must meet to receive certification for safe transport and has been adopted by regulators and authorities having jurisdiction around the world. The protocol includes identification / classification of lithium batteries; testing / qualification requirements; design guidelines / conditions and packaging / shipping obligations.
FCC-compliant devices follow rules and regulations set forth by the United States Federal Communications Commission (“FCC”).
RoHS (“The Restriction of Hazardous Substances Directive”) applies to rules restricting the use of hazardous substances in electrical and electronic equipment in order to protect the environment and public health.
Harmony also announces the settlement of accounts payable to an insider of the Company for a total amount of $ 6,000.00 (the “Insider Debt Settlement”), in consideration for the issuance of a total of 60 000 shares (assumed price of $ 0.10 per share). The Board of Directors of the Company believes that this insider debt settlement is an appropriate form of compensation, as well as an effective means of preserving cash flow.
To compensate two consultants, the Company issues 70,000 common shares of the Company as one-time compensation, in lieu of cash consideration at a price of $ 0.10 per share.
Harmony Energy Technologies Corporation is an American technology startup focused on the development of energy storage activities.
DISCLAIMER: Certain statements in this press release may be forward-looking, including those regarding timing. Forward-looking statements deal with future events and conditions and therefore involve inherent risks, uncertainties and assumptions. Actual results may differ materially from those currently anticipated in these statements. The Company relies on litigation protection for forward-looking statements. The reader is cautioned not to place undue reliance on these forward-looking statements.
The Regulation Services Provider accepts no responsibility for the adequacy or accuracy of this release.
For more information, please visit www.hetcusa.com or contact:
Harmony Energy Technology Corporation
Nick Zeng, President and CEO
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94328