TurnOnGreen Awarded Electric Vehicle Charging Contract for the Livermore Valley Joint Unified School District in Livermore, California

MILPITAS, Calif.--(BUSINESS WIRE)--Nov 18, 2024--

TurnOnGreen, Inc. (OTC:TOGI) (“ TurnOnGreen ” or the “ Company ”), today announced that the Company has been awarded the contract for installation, operation, maintenance, and management of electric vehicle (“ EV ”) charging stations by the Livermore Valley Joint Unified School District (“ LVJUSD ”) in Livermore, California. Under the terms of the contract, TurnOnGreen will be responsible for the installation, operation, maintenance, and management of EV chargers at select LVJUSD campuses. The Company completed installation in July 2024 and activation in August 2024. In exchange for these responsibilities, TurnOnGreen will retain a percentage of recurring charging revenues for the duration of the contract and any extensions.

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The Company completed the first LVJUSD campus installation at Marylin Ave Elementary School in August 2024. The project features multiple high-power, networked EVP1100 Level 2 EV chargers that school district employees and the local community can activate using a smart phone app, RFID card, or scanning a unique QR code displayed on each EV charger. The Company collects fees for all paid sessions on the platform.

Upon successful installation and activation of the initial location, the Company will work with LVJUSD to secure funding for the installation and operation of EV charging infrastructure at three additional locations in the district.

“We are thrilled to work with the LVJUSD to provide their educators and local community with access to affordable and dependable EV charging services,” said TurnOnGreen President Marcus Charuvastra. “Providing EV charging infrastructure to the LVJUSD supports the adoption of electric mobility and will help the district transition to an electric future.”

Amos Kohn, the Company’s Chairman and Chief Executive Officer, added, “Working with public school districts is a key component of our growth, and will help support our recurring revenue verticals. We are steadfast in our quest to be the leader in workplace EV charging and sustainable energy infrastructure solutions for school districts of all sizes.”

TurnOnGreen offers scalable EV charging solutions to homes, businesses, and fleets across North America. The Company’s EV charging hardware, management software, and network services allow municipalities, businesses, and homeowners to monetize, track and report EV charger usage. TurnOnGreen charging systems maintain high standards in the market, are Energy Star Certified, and are backed by an internationally recognized certificate of safety and performance.

For more information on TurnOnGreen’s product line, please visit www.TurnOnGreen.com.

About TurnOnGreen

TurnOnGreen, Inc. (OTC: TOGI) designs and manufactures innovative, feature-rich, top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets we serve include defense and aerospace, medical and healthcare, industrial, telecommunications, and e-mobility. TurnOnGreen brings decades of experience to every project, working with our clients to develop leading-edge products to meet a wide range of needs. TurnOnGreen headquarters are located in Milpitas, CA; www.TurnOnGreen.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q, and 8-K. All filings are available at www.sec.gov and the Company’s website at www.TurnOnGreen.com.

TurnOnGreen EV Charging Station Model EVP1100 Marylin Ave Elementary School, Livermore, CA ©All rights reserved @2023-2024 TurnOnGreen, Inc.

U.S. forces on Monday launched an effort to guide commercial ships through the Strait of Hormuz, where hundreds have been stuck since the Iran war began.

Two American-flagged merchant ships have “successfully transited” through the critical waterway, the U.S. military said. Separately, the U.S. military denied Iran’s claims that it struck an American Navy vessel southeast of the strait.

Iran handed over its latest proposal for negotiations with the U.S. to mediators in Pakistan, Iran’s state-run IRNA news agency reported Friday. Trump subsequently said he’s “not satisfied” with it, but did not elaborate on the proposal’s apparent shortcomings. The shaky ceasefire between the U.S. and Iran has lasted for three weeks.

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The U.S. stock market is holding tentatively near its record heights Monday, while oil prices climb with uncertainty about when oil tankers can resume crossing the Strait of Hormuz and restore the world’s flow of crude. Dueling claims about a possible Iranian strike on a U.S. Navy vessel in the strait heightened the tensions.

The S&P 500 slipped 0.1%, coming off its latest all-time high. The Dow Jones Industrial Average was down 216 points, or 0.4%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was up 0.1%.

The action was stronger in the oil market, where the price for a barrel of Brent crude climbed 2% to $110.37 and briefly topped $114 during the morning. Iran’s closure of the Strait of Hormuz due to its war with the United States has kept oil tankers pent up in the Persian Gulf and away from customers worldwide. That in turn has sent the price of Brent soaring from roughly $70 per barrel before the war.

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Rubio will travel to Rome and Vatican City this week in a bid to ease rising tensions between the Trump administration and Pope Leo over U.S. policies, particularly with Iran.

The State Department said Monday that Rubio, a devout Catholic who’s visited Rome and the Vatican at least three times since becoming Trump’s top diplomat, would be in Italy on Thursday and Friday.

“Secretary Rubio will meet with Holy See leadership to discuss the situation in the Middle East and mutual interests in the Western Hemisphere” the department said. “Meetings with Italian counterparts will be focused on shared security interests and strategic alignment.”

The trip comes as Trump has criticized Pope Leo, the first American pontiff, for his stances on the Middle East and elsewhere and posting social media images likening Trump to Jesus Christ.

The disruption of the waterway has squeezed countries in Europe and Asia that depend on Persian Gulf oil and gas, raising prices far beyond the region.

Trump has promised to bring down gas prices as he faces midterm elections this year.

The U.S. has warned shipping companies they could face sanctions for paying Iran for transit of the strait. It has enacted a naval blockade on Iranian ports since April 13, telling 49 commercial ships to turn back, U.S. Central Command said Sunday. The blockade has deprived Tehran of oil revenue it needs to shore up its ailing economy.

U.S. officials have expressed hope the blockade forces Iran back to the negotiation table.

The U.S. military said Monday that two American-flagged merchant ships had successfully transited the Strait of Hormuz and Navy guided-missile destroyers in the Persian Gulf were helping to restore shipping traffic. It separately denied Iran’s claims to have struck an American Navy vessel.

The announcement came a day after U.S. President Donald Trump announced a new initiative to help guide ships through the critical waterway for global energy. Iran has effectively closed the strait since the U.S. and Israel started the war Feb. 28, rattling the global economy.

The U.S.-led Joint Maritime Information Center has advised ships to cross the strait in Oman’s waters, saying it set up an “enhanced security area.” U.S. Central Command didn’t say when the Navy ships arrived or when the merchant vessels departed.

It was unclear whether shipping companies, and their insurers, will feel comfortable taking the risk given that Iran has fired on ships in the waterway and vowed to keep doing so.

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President Donald Trump and Donald Trump Jr. step off from Marine One upon their arrival on the South Lawn of the White House, Sunday, May 3, 2026, in Washington. (AP Photo/Jose Luis Magana)

President Donald Trump walks from Marine One to board Air Force One at Ocala International Airport, in Ocala Fla., Friday, May 1, 2026, after speaking at an event in The Villages, Fla. (AP Photo/Matt Rourke)

President Donald Trump steps off from Marine One upon his arrival at the South Lawn of the White House, Sunday, May 3, 2026, in Washington. (AP Photo/Jose Luis Magana)