06:22:51 EDT Thu 28 Sep 2023
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Zinc8 Energy Solutions Inc
Symbol ZAIR
Shares Issued 178,074,985
Close 2023-01-31 C$ 0.22
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Zinc8 participates in hearing for $10M (U.S.) bond

2023-02-01 09:18 ET - News Release

Mr. Ron MacDonald reports


Zinc8 Energy Solutions Inc. representatives were invited to participate in a public hearing held on Jan. 31, 2023, with the Ulster County Industrial Development Agency (UCIDA). The hearing was held to review an application for a $10-million (U.S.) industrial development bond.

The mission of the UCIDA is to advance the job opportunities, general prosperity and long-term economic vitality of Ulster county residents by targeting tax incentives bonding and other assistance to foster creation and attraction of new business, and the retention and expansion of existing business. The UCIDA will review the company's application and will respond with its decision as soon as is practicable.

"I would like to extend my gratitude to members of the USIDA and all others that participated in the hearing," said Ron MacDonald, chief executive officer and president of Zinc8 Energy Solutions. "The encouragement that we have received from the local community and various local, state and federal representatives to locate our first U.S.-based production facility in the United States and, more specifically, in the state of New York, has been overwhelming. We feel strongly about the plan that we have put forth, which will help create good jobs and promote sustainable economic growth for the state, and we look forward to a decision for potential financial collaboration."

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.

We seek Safe Harbor.

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