GWH - ESS to fend off lawsuit stemming from Grizzly Research report

• ESS ( NYSE: GWH ) on Monday said it was notified of the filing of class action litigation alleging violations of Federal securities laws, based off a short-seller report.
• ESS claims the "meritless" lawsuit is based upon a report by Grizzly Research, which was issued in December, and intends to vigorously defend, the company said.
• ESS said the report falsely alleges that ESS is a related party of Energy Storage Industries Asia Pacific, a customer in Australia.
• "The report contains numerous errors, unsupported speculation, and draws misleading and flawed conclusions. ESS was not contacted during the development of the report nor given the opportunity to provide factual information that would have easily refuted the incorrect claims made throughout the report," the company said in a statement.

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