Roshan Energy Signs MOU With US Firm for Lithium Battery Production and R&D in India and North America

2024-11-24 01:36:43 Miscellaneous

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Roshan Energy Technologies Pvt. Ltd. (?Roshan?), is pleased to announce that it is entering into a partnership with Barrel Energy Inc. (?Barrel?)(OTC: BRLL) ? USA, to promote green energy solutions including Lithium batteries development. As part of this partnership Roshan Energy Technologies will collaborate with Barrel to establish Lithium-Ion battery manufacturing units in North America by Barrel and by Roshan Energy Technologies in India.

As part of this transformative deal, Roshan Energy Technologies will extend its technical resources and expertise while Barrel will organize funds and international marketing abilities. Roshan and Barrel will first establish a Lithium Battery Manufacturing facility in India. Plans for the facility with a three-phase rollout of powerful products has been in development by Roshan?s CEO and engineering team leader, Mr. S.A. Gaffoor. Both the organizations will work together for the designing, planning, and development of customized green energy solutions for customers across the globe.

A joint R&D division will be developed in conjunction with Barrels? Nevada Tech Center as part of the partnership. Roshan?s Ashok Shukla, a professor emeritus with 40 years research experience of specialized batteries and over 350 published technical papers will lead the team with the aim of designing customized solutions for battery development, improvement, and recycling.

This joint venture is facilitated by Arcgen consulting, a management consulting firm based in Hyderabad, India. They specialise in management consulting and technology solutions.

The primary objective of Roshan Energy Technologies and Barrel?s partnership is developing superior technologies and manufacturing of Lithium-Ion batteries utilizing mutual synergies.

About Roshan Energy Technologies:

Roshan Energy Technologies Pvt. Ltd., has a professional management team experienced in establishing advanced batteries business and has wide contacts in the battery industry. Roshan Energy envisages the production of Lithium-Ion batteries for the applications of Telecom, UPS, Solar, Energy Storage Systems and Electric Vehicles.

The main promoter of the company is a technocrat who has above 25 years of battery industry experience in developing start-up companies. He is involved as a co-inventor and has 10 patents to his name including 3 patents from the USA. He has good experience in commercializing start-ups for good success with minimal investments. The previous project promoted by him with 5,00,000/- USD equity along with local investors, was a big success with the company reaching 40 million USD within a span of 8 years.

About Barrel Energy Inc.:

Barrel Energy Inc., (OTC Markets: BRLL) is focused on several ventures within the energy and minerals sector and the rapid development of valuable production opportunities throughout North America.