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Abound Energy Inc C.ABND

Alternate Symbol(s):  ZAIRF

Abound Energy Inc, formerly Zinc8 Energy Solutions Inc, specialize in providing energy storage solutions. The Company’s Zaeras Flow Battery technology uses zinc-air chemistry to store and deliver electricity on demand. It is utilizing its Zaeras technology, whether deployed independently or as a facilitative technology, presents opportunities for achieving peak demand reduction, capitalizing on time-of-use arbitrage, engaging in value stacking programs, and entering the distributed long-duration energy storage domain. Zaeras is distinctive in its inherent absence of fire or explosion hazards, sustained capacity preservation over its extensive lifecycle, and its versatility in independently managing charge and discharge operations. Zaeras energy storage capacity is solely dictated by the dimensions of the zinc storage tank. This characteristic yields a scalable solution, offering an alternative to the fixed power-to-energy ratio constraints associated with lithium-ion batteries.


CSE:ABND - Post by User

Bullboard Posts
Post by on-targeton Mar 16, 2020 4:11pm
58 Views
Post# 30814294

Full explanation on why Zinc8 gives away shares to Digital

Full explanation on why Zinc8 gives away shares to Digital      Under the Deployment Agreement with Digital Energy, not only will Zinc8 and Digital work together on the Brooklyn project, but Digital and Zinc8 will try to refer other projects to each other for joint proposals. As compensation for referring the Brooklyn project, Zinc8 will grant to Digital options and will make certain payments to Digital in Zinc8 shares on achieving milestones for the Brooklyn project.

https://apnews.com/ACCESSWIRE/1ae0c8aaa277b07f8a1b38f45de5e573

         In the PR  Zinc8 says, "As compensation"  for refering the project to Zinc8, this is what Zinc8 is giving Digital as a thank you. Because if this project is sucessful, it will be HUGE income for Zinc8 after this project. 

        Read the PR. Its saying  the project must achieve milestones before Zinc8 gives Digital any "Options" or "Zinc8 Shares" . 

         Read between the lines. A milestone is a significant event. Companies put out a PR for significant events.  We'll be seeing  a PR as significant events happen in this project. 

         We will not have to guess what is going on.  Some months go by then we'll see a progress report. 

         



 



Bullboard Posts