TORONTO and AUSTIN, Texas, May 24, 2018 (GLOBE NEWSWIRE) -- This press release corrects and replaces the release that was issued May 24 at 1 PM ET. The corrected release follows:
EEStor Corporation (TSXV:ESU), developers of an innovative solid state electrical storage technology, today announced the launch of “ The New Alternative - Electrolytic Replacement”, the first in a new informational video series that details market-specific test results based on EEStor’s advanced technology.
The video series will provide viewers with information on the benefits of EEStor’s capacitor materials and offers expert commentary for engineers, scientists, shareholders and financial analysts. Each installment will outline the market opportunity, provide market specific use-cases, and highlight key anticipated advantages of EEStor’s new technology over incumbent solutions.
“We chose to share this information through a video series that is both more personal and engaging than a PowerPoint presentation,” said Ian Clifford, CEO of EEStor. “It’s important for our company to share our various areas of expertise to help others understand the value in this important technology.”
The first video in the series discusses the advantages of EEStor’s technology, compared to aluminum electrolytic capacitors (AECs), a US $4.6 billion global market. AECs, utilized in the automotive, military, healthcare, and consumer technology industries, are known for a high capacitance, but offer a limited operational lifetime. EEStor’s third-party validated materials, are expected to offer licensees of the technology the opportunity to produce longer-lasting, more cost-efficient capacitors made from sustainable materials.
The advanced aluminum electrolytic capacitor (AEC) replacement technology developed by EEStor, has the potential to touch nearly every aspect of our technological lives, including:
- Everyday household objects - power supplies for LED light bulbs and radios, wireless routers computer backup power supplies, and GPS systems
- Medical devices - defibrillators (both external and implantable), imaging technologies MRI and Cat-scan machines, testing equipment as well as medical pumps, compressors and motors
- Industrial applications - Telecommunications, Heating/AC, power supplies for industrial motors and compressors, manufacturing robotics and control systems including energy generation and distribution (wind, solar, wave, etc.)
- Transportation - automotive rail and bus electronic sub-assemblies, and electric car and bus power and drive electronics
The next video in the series will discuss the renewables and green energy market, incorporating how EEStor’s technology can be applied in this market and what to expect for the future. You can find all of EEStor’s informational videos on YouTube here: https://youtu.be/lV7idqmDWBY
About EEStor Corporation: EEStor is a developer of high energy density solid-state capacitor technology utilizing the company’s patented Composition Modified Barium Titanate (CMBT) material. The company is focused on licensing opportunities for its technology across a broad spectrum of industries and applications.
The Company’s success depends on the commercialization of its technology. There is no assurance that EEStor will be successful in the completion of the various enhancement phases underway to warrant the anticipated licensing opportunities in the technology. Readers are directed to the "Risk Factors" disclosed in the Company’s public filings.
Media Contact: Mark Olson Sparkpr for EEStor Corporation (512) 507-1993 mark.olson@sparkpr.com
Ian Clifford Chief Executive Officer EEStor Corporation 416-535-8395 ext. 3 ian.clifford@eestorcorp.com
Forward-looking Statements
Certain statements and documents referred to in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties that face the Company; such statements may contain such words as "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, and may be based on management's current assumptions and expectations related to all aspects of the power and energy storage industries, consumer demand for energy storage products and solutions and the global economy. Risks and uncertainties that may face the Company include, but are not restricted to: EEStor may not be able to replicate test results in mass produced commercial products; the EEStor capacitor and energy storage technology may not be successfully commercialized at all, in a manner providing the features and benefits expected while under development, or on a timely basis or the Company may not be able to successfully incorporate this technology into its current or proposed products or the products of others; steps taken by the Company to protect its proprietary rights may not be adequate or third parties may infringe or misappropriate the Company's proprietary rights; the Company has a history of losses from operations and may not be able to obtain financing, if and when required or on acceptable terms due to market conditions or other factors, to fund future expenditures for general administrative activities, including sales and marketing and research and development, expansion, strategic acquisitions or investment opportunities or to respond to competitive pressures; competitors may develop products which offer greater benefits to consumers, have greater market appeal or are more competitively priced than those offered by the Company; the Company may be exposed to product liability claims which exceed insurance policy limits; the Company is dependent on the ability and experience of a relatively small number of key personnel; new products introduced by the Company may not be accepted in the market or to the extent projected; new laws and regulations may be enacted or existing ones may be applied or governmental action may be taken in a manner which could limit or curtail the production or sale of the Company's products; and the Company may be negatively affected by reduced consumer spending due to the uncertainty of economic and geopolitical conditions.
These risks and uncertainties may cause actual results to differ from information contained in this release, when estimates and assumptions have been used to measure and report results. There can be no assurance that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements.
These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Except as required by applicable laws, the Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change. Readers are cautioned not to place undue reliance on any statements of forward looking information that speak only as of the date of this release. Additional information identifying risks and uncertainties relating to the Company's business are contained under the heading "Risk Factors" in the Company's filings with the various Canadian securities regulators which are available online at www.sedar.com.
Neither 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.
