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EX-99.1 - PRESS RELEASE - Global Warming Solutions, Inc. | gwso_ex991.htm |
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.) | ||
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17891 McPhail Rd., Martintown, Ontario, Canada |
| K0C 1S0 | ||
(Address of principal executive offices) |
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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. |
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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 hereunto duly authorized.
GLOBAL WARMING SOLUTIONS, INC. | |||
Date: December 1, 2020 | By: | /s/ Vladimir Vasilenko | |
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| Vladimir Vasilenko | |
Chief Executive Officer | |||
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