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Zinc8 Energy Solutions Inc
Symbol ZAIR
Shares Issued 75,711,374
Close 2020-06-03 C$ 0.27
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Zinc8 Energy forms N.Y. subsidiary

2020-06-04 06:44 ET - News Release

Mr. Ron MacDonald reports

ZINC8 ENERGY SOLUTIONS ANNOUNCES THE CREATION OF A WHOLLY OWNED US SUBSIDIARY IN NEW YORK STATE

Further to its news release dated May 5, 2020, announcing its participation in the Brooklyn, N.Y., Acre incubator, Zinc8 Energy Solutions Inc. has created a wholly owned U.S. subsidiary in New York State named Zinc8 Energy Solutions (USA) Inc.

The incorporation of a U.S.-based company follows on Zinc8 Energy Solutions' two recent New York project announcements, a collaboration with the New York Power Authority for a 100-kilowatt/one-megawatt-hour zinc-air battery energy storage system in western New York and a private sector partnership project with New York-based Digital Energy supported by NYSERDA for a 100-kilowatt/1.5-megawatt-hour zinc-air battery energy storage system to be deployed in Brooklyn, N.Y.

"Our recent New York project announcements and our acceptance into the Acre incubator program at the Urban Future lab have clearly demonstrated that the government and businesses of New York State are the right partners to develop the U.S. market for our technology," said Ron MacDonald, chief executive officer of Zinc8 Energy Solutions. "Our decision to establish our U.S. presence in New York State is a logical next step as we advance towards full commercialization over the next 24 months."

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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