ZAIRF - Zinc8 Energy Solutions Announces the Appointment of Scott Larson to its Board of Directors and the Appointments of Doug MacDonald and Robert Parker to its US subsidiary.
(TheNewswire)
VANCOUVER, BC – TheNewswire - January 30, 2024 / Zinc8 EnergySolutions Inc. ( “ Zinc8 ” or the “ Company ” )(CSE:ZAIR) (OTC:ZAIRF) (FSE:0E9) is pleased towelcome Mr. Scott Larson to the Board of Directors of the Company (the“ Board ”) and the transition of Mr. Robert Parker off of the Boardand into an enhanced executive role with Zinc8 Energy Solutions (USA)Inc. (“ Zinc8 USA ”), a wholly owned subsidiary of Zinc8, where he will bejoined by Mr. Doug MacDonald. The Board would like to formallyacknowledge and express its’ appreciation of Mr. Parker’scontributions to the Company. As Zinc8 charts a course for futuregrowth and innovation, the Company is pleased to announce strategicenhancements to its Canadian and US subsidiary Boards of Directors,marking a significant milestone in the Company's trajectory towardsinnovation and growth.
Strategic LeadershipEnhancements:
The Company is delighted to welcome Mr. Scott Larson, aseasoned executive with over 25 years of expertise in corporatefinance, technology development, and entrepreneurship to the Board ofZinc8.
Mr. Scott Larson, currently serving as the CEO ofSpaceAlpha Insights, a Vancouver-based NewSpace company, brings awealth of knowledge to the Board. Mr. Larson is at the forefront ofdeveloping the world's premier commercial synthetic aperture radartechnology. His extensive leadership experience extends to hisprevious roles as CEO and co-founder of Helios Wire, a satellitecompany dedicated to building a space-enabled IoT/M2M network, andUrtheCast, where he played a pivotal role in scaling the company frominception to a successful public listing on the TSE, raising over $250million in the process.
Beyond his roles in the private sector, Mr. Larson'sleadership extends to the public domain, where he currently serves asthe Lead Director on the Board of a Nasdaq-listed company. Expressinghis enthusiasm about joining the Zinc8 Board, Mr. Larson stated,"I'm thrilled to be joining the Board of Zinc8 and supporting itin any way I can, particularly as we look to further the technologyand scale the Company." Zinc8 Energy Solutions welcomes Mr.Larson's wealth of experience and looks forward to leveraging hisinsights to drive innovation and growth in the company's pursuit ofexcellence in the energy storage sector.
Zinc8 Energy USA, Inc.:
In being appointed Chairman and CEO of Zinc8 USA(wholly owned subsidiary of Zinc8), Mr. Parker's strategic leadership,extensive management experience, and proven track record in scalingearly and growth-stage companies, positions him as a driving force inguiding Zinc8's pursuit of growth opportunities in the U.S. EnergyStorage Industry. His unique background and range of skills haspositioned him as an influential figure in the Northeastern USClimateTech innnovation ecosystem and a leader in energysustainability. Mr. Parker’s extensive experience in the New Yorkfinancial markets and his years of leadership in renewable energy,sustainability, and the clean energy transition, as well as his deepknowledge of the rapidly developing Clean Tech markets, will greatlyassist Zinc8 as it pursues growth opportunities in the U.S EnergyStorage Industry.
Within the ClimateTech ecosystem, Mr. Parker has been adedicated leader, actively collaborating with non-profits, governmentagencies, venture and angel funds, national laboratories,accelerators, and incubators. His commitment to developing both peopleand technologies for the clean energy transition has been evident invarious volunteer and paid roles.
Mr. Doug MacDonald, a seasoned global market leader, isalso joining the US Board to contribute his expertise to streamlinethe business operations of Zinc8 USA. Mr. MacDonald’s leadership hasbeen instrumental in the successful launch of new technologies insustainable packaging and photovoltaic manufacturing across diverseglobal markets. His achievements include working with renowned globalmarket leaders such as Applied Materials (AMAT), Q-Cells, MiaSole, GTSolar, Dow Corning, VRB, Siemens, GE, Samsung,Evergreen Solar/Sovello, REC & Alta Devices. His teams havedemonstrated exceptional prowess in navigating the complexities ofmarkets in the US, Canada, Europe, and Asia, establishing a trackrecord of successful collaboration with industry giants.
With a focused and results-driven approach, Mr.MacDonald has overseen both domestic and international supply chainand manufacturing contracts, ensuring operational efficiency andstrategic alignment. His responsibilities have extended to driving thedevelopment, evaluation, testing, expansion, and certification of newtechnology and acquisitions, positioning him as a key player in theindustry. "The combination of Mr. Parker's Cleantech experiencewith Mr. MacDonald's excellence in execution will be crucial foreffectively scaling Zinc8's future manufacturing," stated JasonBirmingham, President and CEO of Zinc8 Energy Solutions.
Contributions and Expertise atZinc8:
Zinc8 extends heartfelt gratitude to Mr. Parker for hisdedicated service during the transitional phase of the Board. TheCompany looks forward with enthusiasm to the continued valuable inputfrom Mr. Parker, as well as the esteemed contributions of Mr. Larsonand Mr. MacDonald. Their collective expertise is poised to play avital role in strategically positioning Zinc8 for success within theever-evolving Long-Duration Energy Storage sector.
Zinc8 is also pleased to announce that it has arrangeddebt settlements with three directors, an officer and a consultant ofthe Company to settle an aggregate of $100,000 in indebtedness foraccrued management and consulting fees, to be paid by the issuance anddelivery of a total of 303,028 common shares of the Company in theaggregate, at a deemed value of $0.33 per share, plus GST (whereapplicable). The shares will be subject to resale restrictions for aperiod of 4 months and a day from their date ofissuance.
The Company announces the grant of an aggregate of2,450,000 incentive stock options to certain directors, officers andconsultants of Zinc8 at an exercise price of $0.33 per share for aperiod of 5 years. Such options are granted pursuant to the Company's10% rolling stock option plan and are in accordance with policies ofthe Canadian Securities Exchange.
About Zinc8 Energy SolutionsInc.
At Zinc8 we specialize in providing scalable,environmentally friendly, long-lasting energystorage solutions. Our multi-patented Zaeras™ Flow Battery,technology uses zinc-air chemistry, to store and deliver electricityon demand, without the restrictions or environmental risks associatedwith today's market leaders.
About Zinc8’s Zaeras™Technology
Zinc8, utilizing its multi-patented Zaeras™technology, whether deployed independently or as a facilitativetechnology, presents opportunities for achieving peak demandreduction, capitalizing on time-of-use arbitrage, engaging in valuestacking programs, and entering the distributed long-duration energystorage domain. All of this aligns with the opportunity to achieve anotable decrease in carbon footprint.
Zaeras™ is unique in its inherent absence of fire orexplosion hazards, sustained capacity preservation over its extensivelifecycle, and its versatility in independently managing charge anddischarge operations. Similar to other Flow Batterytechnologies, Zaeras' energy storage capacity is solely dictated bythe dimensions of the zinc storage tank. This characteristic yieldsa highly cost-effective and easily scalable solution, offering analternative to the fixed power-to-energy ratio constraints, associatedwith lithium-ion batteries.
To learn more about Zinc8’s technology, please visit: https://zinc8energy.com
For more information pleasecontact:
Email: Investors@Zinc8energy.com
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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