FRISCO, TX, Dec. 27, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Elite Group, Inc. (OTC: ELTZ), a Nevada corporation, announced today that in December, Power Conversion Technologies Inc. (PCTI) completed production of a prototype in-hull battery charger used onboard nuclear propelled submarines and was awarded the follow-on production order for two additional in-hull battery chargers. PCTI’s client, a Fortune 500 Nasdaq listed company, is one of the major producers of ballistic missile and attack submarines in the US. The company expects to ship the chargers by April of next year.  

About Power Conversion Technologies Inc.

Power Conversion Technologies, Inc (PCTI) engineers, designs, and manufactures equipment in response to the growing demand for power electronics in the highest power ranges. Our specialty includes power electronics equipment rated from 5KVA/KW up to 15MW.

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For more information on PCTI please follow the link www.pcti.com

Forward-Looking Statements

Certain statements in this press release and elsewhere by management of the Company that are neither reported financial results nor other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of the Company's operations varying significantly and materially from anticipated results. Debt Resolve undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by SEC rules. Investors are advised to consult any further disclosures made on related subjects in the Company's reports filed with the SEC.

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