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Zinc8 Energy Solutions Inc
Symbol ZAIR
Shares Issued 87,385,700
Close 2021-10-20 C$ 0.21
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Zinc8 moves engineers to Richmond facility

2021-10-21 07:03 ET - News Release

Mr. Ron MacDonald reports


Zinc8 Energy Solutions Inc.'s engineering teams have now been relocated to its newly upgraded and renovated facility in Richmond, B.C., where the construction of multiple test zinc-air energy storage systems (ZESS) for certification to the UL/CSA battery safety standard and demonstration projects is under way.

The new facility has undergone a variety of upgrades to ensure its safety and to support various engineering activities. Modifications to the facility's electrical systems have been made to facilitate both engineering verification testing and certification validation testing for multiple ZESSs. In addition, the facility has the requisite space for nine subsystem-level engineering teams, each of which is tasked with testing and analyzing a specific subsystem of the ZESS for certification.

The energy storage systems are in various stages of development with priority given to the system assigned to the previously announced demonstration project for the cloud service provider. Each of these ZESSs is being built to test various system levels in parallel for certification and is expected to allow Zinc8 to have a certified product available for the company's production of an initial commercial 40-kilowatt ZESS anticipated in the first quarter of 2023.

"We are continuing to advance towards initial production of a certified 40-kilowatt ZESS targeting beachhead markets such as New York State," stated Ron MacDonald, president and chief executive officer of Zinc8 Energy Solutions. "These are exciting times as we are actively transitioning the company from research and development into precommercialization. We have several core members of our engineering team that have been with Zinc8 from its earliest research and development days. It is understood that developing a new and potentially revolutionary technology requires years of commitment. It is their diligence and innovation that has progressed the technology to the point where we can now present a working product for certification on our path towards commercialization.

"The initial production target in early 2023 has been set by our team, based on our deep knowledge of emerging long-duration markets like New York City," added Mr. MacDonald. "The new facility has allowed for the expansion of our team through the addition of key personnel with the qualifications and past experience to move the company towards this objective. We recognize the opportunity that exists for the energy storage system market and we have worked hard to accelerate our timelines. I am pleased with our progress to date. Our previously announced energy storage systems that were purpose built for certification and specific demonstration projects are on schedule and we expect to enter the data collection and analysis phase in the near future."

In response to the increasing demand for its proprietary cathodes, which are critical to the cell stack manufacturing process, the company is set to commence the upgrading of its cathode production facility at its original Ash Street location, which is also home to the R&D (research and development) team. These upgrades will significantly increase the volume capacity of cathode production that in turn will support the future annual production of cell stacks.

Zinc8 Energy Solutions focuses on developing and commercializing its low-cost, long-duration ZESS for utilities, microgrid, and commercial and industrial markets. By using the patented ZESS as a stand-alone or an enabling technology, it allows opportunities for peak demand reduction, time-of-use arbitrage, and participation in both the value-stacking programs and the distributed long-duration energy storage space, all in conjunction with the opportunity for a significant reduction in carbon footprint. The long duration (eight to over 100 hours) ZESS has no fire and explosion risk, has no capacity fade over extensive lifetime, and offers complete charge operational flexibility.

About Zinc8 Energy Solutions Inc.

Zinc8 has assembled an experienced team to execute the development and commercialization of a dependable low-cost zinc-air battery. This mass storage system offers both environmental and efficiency benefits. Zinc8 strives to meet the growing need for secure and reliable power.

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