(via TheNewswire)
The expansion in
“Abound is proud to uphold our commitment to bringing world-class, environmentally friendly manufacturing to
Corporate Highlights Q1 2024
Rebranded as ABOUND Energy, we launched our expanded corporate initiative, which includes a new corporate revenue strategy. This initiative offers comprehensive solutions that integrate ABOUND’s core competencies and infrastructure. By incorporating various clean technologies, we have developed an innovative, integrated energy solution tailored for the market.
The induction of a dynamic new board of directors, heralding a fresh era of leadership:Mr.
Keith Morlock ,Mr.Scott Larson , andMr.Mike Simpson The appointment of
Keith Morlock as the COO of ABOUND, joining the executive team ofJason Birmingham , CEO and Swapan Kakaumanu, CFO.Formation of the
Advisory Board to assist with the strategic vision: Mrs.Talia Becket-Davis , Mr.Lee Harrison , and Mr. Robert Schwetzke.The affirmation of
Zinc8 USA's value proposition and commitment to the US market is underscored by the appointment of Mr.Doug MacDonlad as CSO andRobert Parker as CEO.Signed a service agreement with AZUL Energy,a leading catalyst producer, marking our first revenue milestone. The project officially commenced on
April 1st , with activities already underway at our facility.An MOU has been executed with a technology company that offers the market an innovative, environmentally friendly, green energy solution.
The Announcement of private placement to raise gross proceeds of up to CA$1,500,000
“Recent adjustments in leadership, governance, and operational structure within Abound were strategically implemented to facilitate the efficient market entry of our Zaeras™ Long-Duration Energy Storage technology. These management changes along with both the commencement of the collaboration with AZUL and the announcement of an extension to a new target date will enable ABOUND to diversify its revenue streams through strategic partnerships and corporate structure. These critical adjustments are indispensable for establishing the future production capacity and operational excellence necessary to scale ABOUND's manufacturing capacity in the coming years.” stated
About
ABOUND specializes in developing scalable, environmentally friendly, long-lasting energy technology. Our patented Zaeras™ long-duration energy storage technology, leveraging zinc-air chemistry, guarantees the storage and on-demand delivery of electricity without the limitations or environmental risks associated with current market leaders.
About ABOUND’s Zaeras™ Technology
Zaeras™ is precision-engineered to meet future energy requirements, with a specific emphasis on simplifying long-duration energy storage. Harnessing the potential of its multi-patented Zaeras™ technology, ABOUND is poised to facilitate the seamless integration of green energy sources into the grid. This is achieved by minimizing curtailment, bridging the gap between supply and demand, and efficiently integrating green energy into the grid. ABOUND's strategic initiatives encompass opportunities for peak demand reduction, leveraging time-of-use arbitrage, participating in value stacking programs, and entering the distributed long-duration energy storage sector. These endeavors are aligned with our central objective of increasing the integration and resiliency of green energy, while stabilizing the grid.
Distinguished by its inherent safety—free from fire or explosion hazards—Zaeras™ guarantees sustained capacity over an extensive lifecycle. Simultaneously, it showcases versatility by independently managing charge and discharge operations. Comparable to other Flow Battery technologies, scaling up the energy capacity of Zaeras™ is as simple as increasing the size of the fuel tank; a cost-effective solution, from kWh toMWh. This is a welcome alternative to the fixed power-to-energy ratio constraints ingrained in traditional systems, such as Li-ion and Zinc Hybrid Batteries.
To learn more about ABOUND’s technology, please visit:https://Abound.Energy
About
The mission of
To learn more about
For more information please contact:
Email:Investors@Abound.Energy
Ph: +1 (672) 887-9688
Notice Regarding Forward Looking Statements
This news release may contain certain “forward looking statements.” Forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Companydisclaimsany intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise.
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