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

Roshan Energy Technologies Pvt. Ltd. ("Roshan"), is pleased to announce that it is entering into a partnership with Barrel Energy Inc. ("Barrel")(OTC: BRRL) - 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 (www.arcgen.in), 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.


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