ZAIRF - ABOUND Announces Technological Milestone the Appointment of Mr. Robert Schwetzke to its Board of Directors and Mr. Rob Krell to its Advisory Board
(TheNewswire)
VANCOUVER, BC – TheNewswire - June 07,2024 - ABOUND Energy Inc. (“ ABOUND ” or the“ Company ”) ( CSE : ABND) (OTCPINK: ZAIRF) (FSE: 0E9) is thrilled to announce a key milestone in theadvancement of its Zaeras ä energy storage technology. After more than 8 years ofdedicated development, the Zaero Tex ä (air cathode) has officiallytransitioned from research and development to commercialviability.
This incredible achievement allows ABOUND to consolidate our future cathode development within our Richmond facility.By bringing all corporate offices under one roof, the Company expectssignificant cost savings of over half a million dollars annually.Moreover, the close proximity between teams is poisedto foster greater collaboration and progress across departments,increasing operational efficiency and propelling Zaeras ä toward new heights ofinnovation.
“We take immense pride in this achievement andeagerly anticipate witnessing the success andinfluence of Zaeras™ in shaping the future of Long Duration EnergyStorage. As we pave the path in clean technology and energy storageinnovation, I am pleased to announce that Mr. Robert Schwetzke hasbeen appointed to ABOUND’s Board of Directors. Based in Dubai, Mr. Schwetzke previously served on ouradvisory committee, where he played an instrumental role inintroducing us to strategic partners. In his new capacity as a memberof the Board of Directors, I look forward to his continued efforts inexpanding ABOUND’s presence in the region.” said Jason Birmingham,CEO of ABOUND.
Mr. Robert Schwetzke has over two decades of multifaceted experience inengineering, project management, and business administration spanningvarious sectors including Mining, Ports & Terminals, Construction,and Technology development. Demonstrating a proven history ofsuccessfully overseeing intricate projects from conception to fruitionand adeptness in international supply-chain management, Mr. Schwetzke,currently based in Dubai, offers a strategic viewpoint to ABOUNDEnergy's Board of Directors, particularly from the perspective of theMiddle Eastern market and opportunities. His expertise inmechanical and structural design, combined with entrepreneurial flair,will play a pivotal role in fostering innovation and drivingsustainable expansion. Mr. Schwetzke's approach to leadership andcollaborative nature harmonize seamlessly with ABOUND's mission,making him an indispensable asset to the team.
"I am appreciative of the opportunity extended bythe Board of Directors, to join their esteemed ranks and collaboratewith the entire ABOUND team. Joining at this significant moment forABOUND is genuinely exciting, and I eagerly look forward to workingwith such a professional and talented group," expressed Mr.Robert Schwetzke.
ABOUND also welcomes Mr. Rob Krell to ABOUND's AdvisoryBoard. With his extensive background in project management andconstruction, including notable roles with Teck Resources andTechnical Resource Management Inc., Mr. Krell brings invaluableexpertise to ABOUND’s team. As the Company prepares to enter itsnext stage of development, involving site assessments, projectcoordination, and adherence to local regulatory requirements, Mr.Krell's insights will be instrumental. ABOUND looks forward toleveraging his experience and guidance as it navigates this excitingphase of growth in the energy sector.
The Board of Directors has also appointed Mr. SwapanKakumanu, ABOUND’s current CFO, as Corporate Secretary, succeedingChristine Pankiw in this role. We extend our gratitude to Christinefor her previous service.
About ABOUND Energy Inc.
ABOUND specializes in developing scalable,environmentally friendly, long-lasting energy technology. Our patentedZaeras™ long-duration energy storage technology, leveraging zinc-airchemistry, guarantees the storage and on-demand delivery ofelectricity without the limitations or environmental risks associatedwith current market leaders.
About ABOUND’s Zaeras™Technology
Zaeras™ is precision-engineered to meet future energyrequirements, with a specific emphasis on simplifying long-durationenergy storage. Harnessing the potential of its multi-patentedZaeras™ technology, ABOUND is poised to facilitate the seamlessintegration of green energy sources into the grid. This is achieved byminimizing curtailment, bridging the gap between supply and demand,and efficiently integrating green energy into the grid. ABOUND'sstrategic initiatives encompass opportunities for peak demandreduction, leveraging time-of-use arbitrage, participating in valuestacking programs, and entering the distributed long-duration energystorage sector. These endeavors are aligned with our central objectiveof increasing the integration and resiliency of green energy, whilestabilizing the grid.
Distinguished by its inherent safety—free from fireor explosion hazards—Zaeras™ guarantees sustained capacity over anextensive lifecycle. Simultaneously, it showcases versatility byindependently managing charge and discharge operations. Comparable toother Flow Battery technologies, scaling up the energy capacity ofZaeras™ is as simple as increasing the size of the fuel tank; acost-effective solution, from kWh to MWh . This isa welcome alternative to the fixed power-to-energy ratio constraintsingrained in traditional systems, such as Li-ion and Zinc HybridBatteries.
To learn more about ABOUND’s technology, pleasevisit: https://Abound.Energy
For more information pleasecontact:
Jason Birmingham, CEO
Email: Investors@Abound.Energy
Ph: +1 (672) 887-9688
Notice Regarding Forward LookingStatements
This news release may contain certain “forwardlooking statements.” Forward-looking statements involve known andunknown risks, uncertainties, assumptions, and other factors that maycause the actual results, performance, or achievements of the Companyto be materially different from any future results, performance orachievements expressed or implied by the forward-looking statements.Any forward-looking statement speaks only as of the date of this newsrelease and, except as may be required by applicable securities laws,the Company disclaims any intent or obligation toupdate any forward-looking statement, whether asa result o f new information , future events, or results or otherwise.
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