Business
Epazz plans to spin off Galaxy Batteries Inc.
Epazz plans to spin off Galaxy Batteries Inc..
About this update from Epazz, Inc.
Epazz plans to spin off Galaxy Batteries Inc. /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } Epazz plans to spin off Galaxy Batteries Inc. PR Newswire CHICAGO, May 8, 2024 CHICAGO, May 8, 2024 /PRNewswire/ -- Epazz Inc. (OTC: EPAZ), a mission-critical provider of drone technology, battery technology, artificial intelligence processes, blockchain mobile apps and cloud-based business software solutions, announced today the company is planning to spin off Galaxy Batteries Inc. Galaxy Batteries was developed to provide high-density batteries to the drone and aerospace industry. Galaxy Batteries will use another Epazz spin-off. The company will work with its lawyers and accountants to prepare a spin-off process. Galaxy Batteries is an AI solid-state battery technology that uses a unique chemistry to achieve high-density and high-voltage batteries. Epazz has developed a battery management system that gathers data from the environment, including wind speed, humidity, temperance and pressure to predict the best output for the system to perform to maximum flight time for drones and electric airplanes.   Epazz has formed Galaxy Batteries Inc. to house its intellectual properties for solid-state battery technology. Epazz has been working on special battery technologies for high-powered devices and aircrafts. CEO Shaun Passley, Ph.D., said, "We believe that Galaxy Batteries would be better as an independent company, where it would receive its true value."   About Epazz Inc. (https://www.epazz.com/) Epazz Inc. is a leading cloud-based software company that specializes in providing customized cloud applications to corporate companies, higher education institutions and the public sector. Epazz BoxesOS™ v3.0 is a complete web-based software package for small and midsized businesses, Fortune 500 enterprises, government agencies and higher education institutions. BoxesOS™ provides many of the web-based applications organizations would otherwise need to purchase separately. Epazz's other products include DeskFlex™ (a room-scheduling software) and Provitrac™ (an applicant-tracking system). SAFE HARBOR This safe harbo...