Effective March 13, 2017 Craig S. Eastwood was appointed Chief Financial Officer of the Company. Prior to joining the Company, Mr. Eastwood served as Corporate Controller at Erickson Incorporated from November 2015 to the present. From November 2013 to September 2015, Mr. Eastwood was Vice President, Accounting for ESCO Corporation.

Mr. Eastwood’s annual salary will be $180,000 payable at the rate of $15,000 per month. In addition, Mr. Eastwood will be granted Restricted Stock Units equivalent to $100,000 shares of the Company’s common stock and he will be eligible to receive bonus compensation and annual stock option grants.

About POWIN CORPORATION (OTCMKTS:PWON)

Powin Energy Corporation, formerly Powin Corporation, is a designer and developer of energy storage solutions for utilities, commercial and industrial, microgrid and electric vehicle (EV) fast-charging applications. The Company offers Battery Pack Operating System (bp-OS). Its bp-OS helps extend the life of batteries by balancing battery functions down to the cell level. It also provides insight into battery system functions and lifespan through its Battery Odometer and Warranty Tracker. The Company’s solutions for commercial and industrial businesses include Emergency Management, Seamless Solar Integration, Large-Format Scaling and Flexible Financing. Its solutions for grid business include Resource Adequacy, Grid Regulation, Targeted Demand Response, Off-Grid Applications and Renewables Integration. Its solutions for renewables business include solar, wind, for microgrids and for power producers.

POWIN CORPORATION (OTCMKTS:PWON) Recent Trading Information

POWIN CORPORATION (OTCMKTS:PWON) closed its last trading session 00.00 at 1.33 with 10,008 shares trading hands.