TORONTO, March 30, 2020 (GLOBE NEWSWIRE) — EEStor Corporation (TSX.V: ESU) (“EEStor” or the “Corporation”) announces that it has filed its 2019 annual audited financial statements, along with its interim financial statements for the three-month period ended December 31, 2019, and their related management’s discussion and analysis, and CEO and CFO certifications (collectively, the “Required Filings”).
The Corporation is currently subject to a voluntary management cease trade order issued by the Ontario Securities Commission on January 29, 2020 in connection with the Required Filings. The Corporation expects this cease trade order to be revoked following the completion of the Required Filings.
Ian Clifford, Founder and Chief Executive Officer of the Corporation, commented: “To all our shareholders I extend our thanks for your ongoing support and patience. We are pleased to have completed our 2019 audit, and appreciate everyone’s efforts working through the process in these unprecedented times.”
Clifford continued: “We are excited about moving forward with the potential acquisition of Infinium Generation. The acquisition of Infinium should allow for the targeted implementation of specific types of zero-emission generation and storage technology to address some of the most pressing and dynamic energy needs globally. By creating zero-emission fuels from sustainably generated purified water, in exactly the place the energy needs to be consumed, we hope to reduce, and potentially eliminate, the need for profoundly inefficient distribution networks that exist today.”
About EEStor
EEStor is a developer of high energy density solid-state capacitor technology utilizing patented Composition Modified Barium Titanate (CMBT) material. EEStor is committed to providing commercially viable and sustainable energy solutions across a broad spectrum of industries and applications.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
All statements, other than statements of historical fact, contained in this press release including, but not limited to (i) generally, or the “About EEStor” paragraph which essentially describes the Corporation’s outlook and objectives, constitute “forward-looking information” or “forward-looking statements” within the meaning of certain securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
FOR FURTHER INFORMATION, PLEASE CONTACT:
| Mr. Ian Clifford Chief Executive Officer 416-535-8395 ext.3 [email protected] |
