InvestorWire NewsRoom

InvestorNewsBreak

InvestorNewsBreaks – Turbo Energy S.A. (NASDAQ: TURB) Announces Interim Results for Period Ended June 30, 2023, Transition in Management Structure
December 27, 2023

InvestorNewsBreaks – Turbo Energy S.A. (NASDAQ: TURB) Announces Interim Results for Period Ended June 30, 2023, Transition in Management Structure

Turbo Energy (NASDAQ: TURB), the leading energy-saving technology company leveraging artificial intelligence software, today announced its unaudited interim financial results for the six months ended June 30, 2023. “The year 2023 has been a period in which the residential and industrial self-consumption photovoltaic sector has been affected by a variety of external factors that have led to a reduction in volumes,” Turbo Energy management commented on the results. “The company, however, remains very optimistic about the coming years. This optimism comes from the strong development in artificial intelligence product lines and software that Turbo Energy has done and is doing. The positioning of Turbo Energy products at residential, industrial and utility level and the strong commitment to continuous software development combined with artificial intelligence that optimizes energy savings will keep the company at the forefront of the industry… Turbo Energy expects strong growth in the coming years, both due to sectoral expectations and to the international and product expansion plan initiated after the IPO last September.”

In addition, the company announced a transition in its management structure resulting from the governance policies of the holding company. The responsibilities of Enrique Selva as CEO of Umbrella Solar Investment (BME: USI), and the considerable growth and development the organization has experienced, require a necessary transition from his role as CEO of Turbo Energy to chairman of the board. Mariano Soria, a professional with more than 20 years of experience as CEO of companies across various sectors, who for the last year has been acting as managing director of Turbo Energy, will assume the role of CEO of the company. Soria’s main objective will be to lead and complete the team with the talent required to lead Turbo Energy through the development and fulfillment of its business plan.

To view the full press releases, visit https://ibn.fm/3NHM2 and https://ibn.fm/TItQP

About Turbo Energy S.A.

Turbo Energy is a leading photovoltaic energy storage technology company based in Valencia, Spain. The company develops innovative solutions that allow end users to harness the full potential of solar energy and reduce their electricity costs. With a combination of artificial intelligence and advanced technology, Turbo Energy is paving the way toward a more sustainable and energy-efficient future. For more information, visit the company’s website at www.Turbo-E.com.

NOTE TO INVESTORS: The latest news and updates relating to TURB are available in the company’s newsroom at https://ibn.fm/TURB

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer

InvestorWire
Los Angeles, CA
www.InvestorWire.com
310.299.1717 Office
[email protected]

InvestorWire is powered by IBN

Recent NewsBreaks

NewsBreaks Categories

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(310) 299-1717

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).