Principal Solar Provides Status Update of eTruck Transportation

DALLAS, TEXAS, SEPTEMBER 23, 2021 – McapMediaWire Principal Solar Inc. (OTC Pink: PSWW) (“Principal” or “the Company”), a strategic investor in and acquirer of technologies that support next-generation opportunities in renewable, and clean energy sectors as well as an investor in and acquirer and operator of undervalued petroleum-producing properties, today announced that eTruck Transportation (“eTruck”) is on schedule with the development and planned availability of its class 6 hybrid heavy electric vehicle demonstration vehicles, both of which are planned for Q4 of 2021.

“Our investment in eTruck Transportation is performing as anticipated,” said K. Bryce “Rick” Toussaint, CPA, MBA, Chairman and CEO of PSWW. “eTruck is on schedule for a Q4 completion of its two initial vehicle conversions for customer evaluation and plans to accept commercial orders in the same quarter.”

A video of eTruck’s Class 8 demonstration vehicle is viewable here.

eTruck’s heavy vehicle EV conversion technology is engineered to enable transportation and logistics companies of all sizes to cost-effectively transition their existing fleets from diesel to high performance hybrid electric fleets without waiting for major truck manufacturers to engineer completely new platforms. eTruck’s proprietary system lowers operational costs, reduces fuel consumption and emissions, thus enabling diesel fleets to transition towards electric power, without sacrificing performance, range, or utility.

Principal Solar, via its Nexteal subsidiary, is strategically investing in emerging electric vehicle technologies that are ready for near-term commercial rollout, thereby meeting today’s market demand with timely, cost-effective, and environmentally-friendly solutions.

About Principal Solar

Principal Solar is a strategic investor in and acquirer of technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an acquirer of undervalued petroleum-producing properties.

For further information, please visit the Company’s website at www.pswwenergy.com

Safe Harbour Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this news release which are not historical facts may be “forward-looking statements” that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe PSWW’ hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond PSWWs’ control, will affect actual results. PSWW undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with PSWWs’ most recent financial reports and other filings posted with the OTC Markets and/or the United States Securities and Exchange Commission by PSWW.

Principal Solar Contact

K. Bryce “Rick” Toussaint, CPA, MBA
Chairman and Chief Executive Officer

Email: [email protected]
Tel: 346-396-4210

Investor Relations Contact

Michael Briola

Email: [email protected]

Deloitte announces senior partner appointments

Deloitte has announced the appointment of two senior partners, Hannah Routh and Charlotte Warburton, to strengthen the firm’s global climate change and transport services. Hannah Routh brings 25 years’ experience in the climate change and sustainability sector. Previously a partner with Deloitte China, Hannah was responsible for the Climate Change and Sustainability Advisory practice for Deloitte Asia Pacific. In her new role with Deloitte UK she will be responsible for building the existing team to deliver climate change, decarbonisation and net zero projects for private and public sector clients.

Hannah said: “We see the 2020s as the climate change decade and in response we are expanding the services we provide to organisations in order to support them on their net zero journey. We are committed to doing high quality and rigorous work that makes a positive impact. After 13 years living and working in China, I’m pleased to have come back to the UK at such a pivotal time. As the UK government prepares to host COP26 in November 2021, now is the time for organisations to look urgently at how climate change commitments can be met and the transformation that needs to take place.”

Charlotte Warburton joins Deloitte’s public sector practice as the consulting transport leader, following five years at PA Consulting Group advising global transport, travel and logistics companies, as well as leading their Rail group. She has previously worked on a number of large scale innovation programmes, both in the UK and in the Middle East. A transport and technology specialist, Charlotte will be responsible for growing the firm’s transport consulting practice across the UK and Europe, with a special emphasis on the building the firm’s offering in the North of England. Through national transformation Charlotte will focus on helping companies to achieve their net zero climate targets.

Charlotte commented: “I am looking forward to helping organisations use technology to make better business decisions and to achieve their net zero goals through digital solutions. Being from the North myself, a key objective will be to transform transport infrastructure in the regions as we continue to support the UK’s levelling up agenda.”

Hogan Lovells helps Uber regain its London licence

Hogan Lovells has secured a major win for its client Uber, securing the firm’s right to continue operating in London.

Following a three-day hearing at Westminster Magistrates’ Court earlier this month, the judge this week upheld the ride-hailing company’s appeal against Transport for London, finding Uber “to be a fit and proper person to hold a London PHV operator’s licence.” Deputy Chief Magistrate Ikram also noted the company’s efforts to improve its processes and its introduction of industry leading systems.

Uber first secured a five-year licence in May 2012 and sought a renewal in 2017. TfL refused to renew and Uber, represented by Hogan Lovells, appealed to the chief magistrate, who granted it a 15-month licence in June 2018, subject to various conditions.

In November 2019 London’s transport operator refused to grant a renewal saying that Uber was not “fit and proper” to hold the licence. Uber was allowed to continue operating in the capital while the appeal was underway.

The latest decision secures the firm’s right to continue operating in London, having been granted an 18-month licence.

The Hogan Lovells legal team representing Uber was led by Charles Brasted and also included Julia Marlow, Andrew Eaton, Dervla Simm, Telha Arshad and Louis Biggs.