![]() ![]() 10k cleanspark software#Its software is capable of enabling a microgrid to be scaled to the user’s specific needs and can be widely implemented across commercial, industrial, military, agricultural and municipal, deployment.įor more information on CleanSpark, please visit thier website. CleanSpark’s software allows energy users to obtain resiliency and economic optimization. ![]() Our services consist of intelligent energy monitoring and controls, microgrid design and engineering, microgrid consulting services, and turn-key microgrid implementation services. ![]() “Subject to market, tax, securities law limitations and other considerations, we expect to distribute this equity to our shareholders as soon as practicable.”Īs part of this transaction, the prior definitive agreement, wherein Cleanspark agreed to buy certain assets related to Pioneer’s PCEP switchgear business, signed initially on May 2, 2018, was terminated by mutual agreement.ĬleanSpark provides advanced energy software and control technology that enables a plug-and-play enterprise solution to modern energy challenges. “We believe that CleanSpark will be able to derive significant incremental value from these intellectual property assets, beyond what Pioneer has generated, and the receipt of CleanSpark equity represents an attractive upside opportunity for Pioneer and its shareholders,” added Mr. The Company expects to record a gain on the sale of PCPI in excess of $4 million during the period ending March 31, 2019. A five-year warrant to purchase 500,000 shares of CleanSpark common stock at an exercise price of $2.00 per share.A five-year warrant to purchase 500,000 shares of CleanSpark common stock at an exercise price of $1.60 per share and.1.75 million shares of newly issued CleanSpark common stock.Under the terms of the agreement, Pioneer received: The sale of PCPI was effective Januin an all equity transaction valued at approximately $4.4 million. Our core business continues to perform well, and we are actively engaged in discussions to sell our switchgear business to further streamline our portfolio and unlock shareholder value.” Nathan Mazurek, Pioneer’s Chairman and Chief Executive Officer, said, “The sale of these assets, primarily intellectual property, represents another step in our efforts to create incremental value from our assets. 10k cleanspark generator#Pioneer will retain and continue to operate its engine generator business as Pioneer Critical Power and CleanSpark will legally change the name of the acquired corporation no later than February 21, 2019. PCPI is completely unrelated to Pioneer’s business which sells and services standby engine generators, headquartered in Minneapolis, Minnesota operating under the same “Pioneer Critical Power” name. These files enable CleanSpark to manufacture and market industry certified designs related to critical low voltage power equipment that enhance CleanSpark’s existing microgrid business and accelerate its efforts to capture market share in this fast growing and dynamic market. These UL files were purchased by Pioneer in March 2013 as part of its acquisition of Power Systems Solutions Inc. 10k cleanspark series#PCPI’s primary assets are a series of UL (Underwriters Laboratories) safety files, representing vetted and certified designs for low voltage switchgear and automatic transfer switches. (OTC: CLSK), a microgrid company with advanced engineering, software and controls for innovative distributed energy resource management systems. (Nasdaq: PPSI) (“Pioneer” or the “Company”), a company engaged in the manufacture, sale and service of electrical transmission, distribution and on-site power generation equipment, today announced that it had completed the sale of its wholly owned subsidiary, Pioneer Critical Power, Inc. Retains Ownership of and Continues to Evaluate Strategic Alternatives Related to Switchgear Businessįort Lee, NJ, Janu/ PRNewswire /– – Pioneer Power Solutions, Inc. Pioneer Completes Sale of Pioneer Critical Power, Inc to Cleanspark Inc. ![]()
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