Storage Technology

 
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Powin Corporation (OTCQB:PWON) today announced that its wholly-owned subsidiary, Powin Energy Corporation, has signed an agreement for an investment of $25,000,000 from SF Suntech, Inc., a Delaware corporation (“SF Suntech”), a wholly-owned subsidiary of Shunfeng Photovoltaic International Limited (“Shunfeng”), pursuant to a Share Subscription Agreement which also granted SF Suntech an option exercisable within two years to acquire another 30% of Powin Energy Corporation for $37,500,000. Pursuant to the terms of the Share Subscription Agreement, $5,200,000 of the $25,000,000 will be used by Powin Energy Corporation to pay off a loan owing to its parent corporation, Powin Corporation, and the balance will be used by Powin Energy Corporation for working capital and other purposes.
Sign-up for Powin Corporation Secures $25 Million Investment in Its Energy Storage Technology investment picks
INTERNATIONAL BROADCASTING CONVENTION – SanDisk Corporation (NASDAQ: SNDK ), a global leader in flash storage solutions, today unveiled significant upgrades to its SanDisk Extreme PRO CFast 2.0 memory card and announced that the SanDisk Extreme PRO SSD has been qualified for 4K capture.
Sign-up for SanDisk Continues Momentum in Pro Video Industry, Delivering Leading-Edge Capture and Storage Technologies investment picks

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Storage Technology
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