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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

Comment by hdawgz1on Mar 16, 2023 12:18am
111 Views
Post# 35341689

RE:$68 million 5yr build out

RE:$68 million 5yr build outGiven the political players involved and the dollar values being tossed around for a little start up battery company out of Vancouver Canada that has not once delivered on any of its own deliverables of producing even one working demonstration zincair battery this whole thing stinks of corruption and money laundering.  How is it even possible that a company that has never in its existence developed anything of proven value, workability or even existence get this much attention thrown at it?  Nothing here makes sense.  To date Zinc8 has not delivered on even one deliverable for shareholders but now we are expected to believe that somehow some way they have proven to US politicians that they are all that and more?  I laugh when I read Zinc8 will relocate it's 68 million dollar manufacturing facility to Ulster county.  Relocate what?  They are not worth anything at the moment and there is nothing to even relocate.  Where do they come up with the $68 million figure?  Out of thin air?  Where or how is Zinc8 going to come up with another $58 million above and beyond the $10 million bond?  How on earth or when could this ever be a profitable venture when at the moment they do not even have a working prototype than can be manufactured in a supposed $68 million facility?  Where are the revenue/expense projections?  Is there any sort of business case that makes any of this make sense or are the US taxpayers just getting bilked by politicians again?  This stinks it corruption - especially in the name of green energy.
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