ZAIRF - ABOUND Appoints Doug MacDonald as Chief Strategy Officer for Zinc8 USA a Wholly Owned Entity of ABOUND; Keith Morlock Named ABOUND's Chief Operating Officer
(TheNewswire)
VANCOUVER, BC – TheNewswire - February 21, 2024 -ABOUND Energy Inc. (“ ABOUND ” or the “ Company ”)(CSE:ABND) (OTC:ZAIRF) (FSE:0E9) is pleased to announce two changes toits leadership team. Mr. Doug MacDonald has been appointed ChiefStrategy Officer (CSO) for Zinc8 USA, ABOUND's wholly ownedsubsidiary, while Mr. Keith Morlock has been named ABOUND's ChiefOperating Officer (COO). Both appointments come at a crucial momentfor the company as it enters its next stage of development.
Mr. MacDonald and Mr. Morlock have previously servedthe company as subcontractors, contributing significantly to itssuccess. However, as ABOUND transitions to its next stage of growth,the Board of Directors recognized the need for a more direct andactive role for both individuals. Accordingly, the Board has notifiedBlackland, the company through which they were contracted, that theiragreements will be terminated. ABOUND expresses its gratitude toBlackland for their past service and is pleased that Mr. MacDonald andMr. Morlock accepted their new positions within the company.
Mr. MacDonald brings a wealth of experience andstrategic acumen to his role as CSO for Zinc8 USA. With adistinguished career spanning major multinational companies includingAmerican Cyanamid, Hillenbrand Industries, GE Medical, and ATSAutomation, Mr. MacDonald has consistently led organizations to recordearnings and increased global market share. His adept and resourcefulapproach to strategy has been instrumental in launching newtechnologies in sustainable packaging and photovoltaic manufacturingacross multiple markets.
Mr. Morlock's appointment as COO of ABOUND reflects hisexceptional leadership and operational expertise. With a proven trackrecord of driving operational efficiency and excellence, Mr. Morlockis well-positioned to guide ABOUND through its next phase of growth.His appointment underscores ABOUND's commitment to operationalexcellence and ensuring smooth and effective business operations.Additionally, Mr. Morlock is currently a member of the Board ofDirectors, and ABOUND thanks him for his contributions in thiscapacity.
"We are thrilled to welcome Mr. Doug MacDonald andMr. Keith Morlock to their new roles within ABOUND," said JasonBirmingham, CEO of ABOUND. "Their extensive experience and proventrack records make them invaluable additions to our leadership team.We are confident that their contributions will play a significant rolein propelling ABOUND towards continued success in the energy storageindustry."
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 of Zaeras™ is as simple as increasing the size ofthe fuel tank; a cost-effective solution, from kWh to MWh. This is awelcome 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, President and CEO of ABOUND EnergyInc.
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 to update anyforward-looking statement, whether as a result of new information,future events or results or otherwise.
Copyright (c) 2024 TheNewswire - All rights reserved.