ZAIRF - ABOUND Marks New Milestone: Secures Pivotal MOU Pioneering its Testing and Development Services to Propel the Future of Clean Energy Innovation
(TheNewswire)
VANCOUVER, BC – TheNewswire - February 6, 2024 /ABOUND Energy Inc. (“ ABOUND ” or the “ Company ”)(CSE:ABND) (OTC:ZAIRF) (FSE:0E9) has reached a significant milestoneby formalizing its entry into Testing and Development services throughthe signing of a Memorandum of Understanding (MOU). In accordance withABOUND's previously disclosed business model, this milestoneunderscores a steadfast dedication to advancing clean energysolutions. This commitment is prominently demonstrated through ourcollaborative initiative in the joint development of advancedmaterials and components, specifically tailored for energy storageapplications.
Capitalizing on multimillion-dollar investmentsdirected towards the establishment and expansion of its Engineeringand R&D/Production facilities, ABOUND is strategically positioningitself as a pioneer in the field of Long-Duration Energy Storage. Themove into Testing and Development services is reinforced by ABOUND'sextensive proficiency in fluid mechanics, computational modeling,mechanical design, and material and electrochemicalcharacterization.
This expansion underscores ABOUND's resolute commitmentnot only to maintaining but also enhancing its standing as a drivingforce in technological innovation. By harnessing comprehensiveexpertise, ABOUND aims to offer valuable solutions contributing to theglobal transition to clean energy.
The Testing and Development services initiativeinvolves providing comprehensive solutions that integrate ABOUND'saccumulated knowledge and leverages its specialized testinginfrastructure. This strategic approach is guided by a dedication toexceeding industry standards and setting new benchmarks intechnological advancements.
This MOU marks a pivotal moment for ABOUND, as weembark on providing Testing and Development services. “We are drivenby our dedication to expediting the transition to sustainable, secure,and resilient energy sources. This initiative not only positions us tomeet the evolving demands of the clean energy market but alsostrengthens our dedication to excellence in research, development, andcutting-edge innovation," stated Dr. Simon Fan.
ABOUND's innovative business model is poised to enhancethe development of its Zaeras™ LDES technology while simultaneouslyachieving a substantial reduction in both development and operationalcosts. The company anticipates that this move will play a key role inimproving its financial well-being and shaping the future of therenewable energy sector.
As ABOUND embarks on this groundbreaking endeavor, thecompany remains dedicated to its vision of being at the forefront ofsustainable technological solutions that propel the world towards acleaner and more efficient energy landscape.
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. Leveraging 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 dischargeoperations. Comparable to other Flow Battery technologies, scaling upthe energy capacity of Zaeras™ is as simple as increasing the sizeof the fuel tank; a cost-effective solution, from kW to MW and kWh toMWh. A welcome alternative to the fixed power-to-energy ratioconstraints ingrained in traditional systems, such as Li-ion and ZincHybrid Batteries.
To learn more about ABOUND’s technology, pleasevisit: https://Abound.Energy
For more information pleasecontact:
Email: Investors@Abound.Energy
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.
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