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Fernhill Corporation Announces Lithium Hybrid Energy Storage System Patent Update

FOUNTAIN HILLS, Ariz., Dec. 7, 2017 /PRNewswire/ -- Fernhill Corporation (OTC PINK: FERN) is pleased to report that patent application titled, CAPACITOR-LITHIUM HYBRID BATTERY ENERGY STORAGE SYSTEM, WITH SYSTEM MANAGEMENT has been filed and assigned U.S. Patent App. Serial No. 62/592,847.

CEO Adam Kovacevic commented, "We are pleased with the current progress of our patent application and believe that there is significant underlying value in the future of advanced hybrid energy storage systems."

Hybrid battery storage systems can allow for greater flexibility to its users in system stability, capacity, and thermal safety. Combining proven technologies, with sophisticated balancing controls can allow for safe and stable power storage. Hybrid battery storage systems can be customized to address a significant array of applications that are difficult to address with one available technology alone.

Kovacevic continues, "An advanced Hybrid battery system can offer accelerate charging speeds, as well as higher current availability for the most demanding applications. We believe that future development of this technology could prove to have a significant impact on numerous diverse industries. Advanced hybrid storage systems are ideal but not limited to, electric vehicles, heavy equipment, emergency and portable power as well as UPS (uninterruptable power supplies) which are critical for computer systems and telecommunication equipment."

Fernhill's corporate objective is to develop and acquire new innovative technologies in the solar and battery management industries.

In addition, Fernhill Corporation plans to begin developing a defense fund for protection of our current and future patents. Management believes that the use of several financial tools will be required to fully finance this defense fund. Management will evaluate and use the best available method for protection of shareholder value and is receptive to using alternative methods for value protection and reducing corporate equity dilution to its shareholders.  Management will be meeting with corporate attorneys to determine the maximum amount of capital allowable for a defense fund.

The corporation has also approved the hiring of an independent third party to determine a valuation for each of the technologies developed and acquired. We will be expecting a third party to provide management a numerical valuation determination, publish a white paper and provide management with relative research for commercial development into several mature and emerging industries.

About Fernhill Corporation

Incorporated in Nevada with operations in North America, Fernhill Corporation is currently focused on development, acquisitions and or partnerships in energy based sectored businesses. Fernhill Corporations core products are based in alternative powered products in the renewable energy and technology sectors. The Fernhill corporate asset base will be established by its current and future patent applications.

Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

 

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SOURCE Fernhill Corporation

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