Abound Energy Inc C.ABND

Alternate Symbol(s): ZAIRF

Technology

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.

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Abound Energy Inc > Update

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Comment by GermanManon May 04, 2022 5:37am

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Post# 34653861

RE:Update

Ended the fiscal year of December 31, 2021 with working capital balance of $9.9 million.

"We have worked diligently towards the development of our unique zinc-air energy storage system with the goal of introducing a certified commercial product in 2023.

Teams from both Zinc8 and the cloud provider intend to run further tests and build upon the results of those tests. The Company looks forward to sharing an update as soon as it is mutually agreed upon by both parties.

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