• SEC Filings

Effective October 16, 2017, the Company issued an aggregate of 8,155,146 shares of common stock in satisfaction of certain outstanding indebtedness in the aggregate principal and interest balance of $6,151,232.88 as follows:

·4,077,573 shares were issued to Joseph Lu, the Company’s CEO and a director, in satisfaction of indebtedness in the aggregate amount of $3,075,616.44.

·4,077,573 shares were issued to Xiao Yin Zhu in satisfaction of indebtedness in the amount of $3,075,616.44. Ms. Zhu is not an officer or a director of the Company.

About POWIN ENERGY CORPORATION (OTCMKTS:PWON)

Powin Energy Corp, formerly Powin Corporation, is a contract manufacturer. It provides manufacturing coordination, design and logistics services for companies to outsource its manufacturing needs. Its segments include Contract manufacturing, Manufacturing, Energy and Powin Mexico. The contract manufacturing segment provides for the coordination and distribution of products manufactured in China, assists in the design and handles the logistics and coordination of product manufacturing. The manufacturing segment manufactures various truck parts and components primarily for freightliner trucks, a division of Daimler Trucks North America. The energy segment operates through Powin Energy Corporation, which utilizes patent-pending energy storage technology for scalable grid-level and commercial energy storage systems, Electric Vehicle (EV) charging stations and transportation applications. The Powin Mexico segment is engaged in manufacturing gun safes and heavy truck parts.