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Aqua Power Discusses Historical Revenues & Financings & Expects Continued Growth
Aqua Power Discusses Historical Revenues & Financings & Expects Continued Growth.
About this update from Aqua Power Systems Inc.
[{"type":"text","content":"\n\n\n\nAqua Power Discusses Historical Revenues & Financings & Expects Continued Growth\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAqua Power Discusses Historical Revenues & Financings & Expects Continued Growth\nPR Newswire\nTOKYO, Sept. 11, 2015\n\n\n\nTOKYO, Sept. 11, 2015 /PRNewswire/ -- Aqua Power Systems Inc. (OTCMKTS: APSI) (the \"Company\"), operating through its wholly owned subsidiary Aqua Power System Japan Kabushiki Kaisha (\"AP Japan\"), is pleased to provide this update with respect to the financial condition of AP Japan as of the year ended March 31, 2015. A full copy of the financials may be viewed in the Company's 8K filing on July 14, 2015, on Edgar at www.sec.gov. \n\nAP Japan launched its first commercial product, a water-activated, carbon-magnesium 1.5 Volt AA battery, in 2009. This first generation battery, marketed under the NoPoPo (short for \"No Pollution Power\") brand name, came with a water injection pipette to inject water or other liquid into the chamber to activate the power cell. These batteries were used primarily for powering LED flashlights, mini lanterns, and portable radios.\n\nStarting in March 2011, as a result of a natural disaster, the NoPoPo products gained recognition in Japan as demand grew for mobile power solutions that were cost effective and easily deployable. \n\nAP Japan has sold over eight million of these first generation batteries which has helped to fund further research and development efforts, ultimately leading to 16 patents and/or patents-pending to date.  \n\nRevenues in the fiscal year to March 31, 2015, were $193,035 with minimal marketing efforts while AP Japan has focused on the development of their patented technology, including additional products and enhancements to existing products.\n\nDuring the 12 months ended March 31, 2015, AP Japan received over $1,000,000 of financing.  Since that time, the Company has also secured additional cash infusions, which will be more fully disclosed in the financials for the quarter ending September 30, 2015. These funds have been used...