VANCOUVER, British Columbia, May 14, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc. (“MGX” or the
“Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to report that its 100% wholly-owned subsidiary ZincNyx
Energy Solutions, Inc. (“ZincNyx”) has quadrupled the capacity of its fuel cell modules (stacks).
System Architecture
The ZincNyx zinc-air flow battery is comprised of three main modules- a regenerator module that uses electricity to charge
particles of zinc, a fuel tank where the zinc particles are stored until needed, and a fuel cell module that uses zinc particles to
generate electricity (see Figure 1).
A photo accompanying this announcement is available at http://resource.globenewswire.com/Resource/Download/32fea394-9e31-4e54-9f68-f1dcbadad3fa
Fuel Cell Module
The fuel cell module is comprised of a stack of identical cells. In the original implementation of the stack, each cell was capable
of generating 100 Amps at approximately 1 Volt. A stack of 12 cells connected in series was thus able to generate 100 Amps at 12
volts, or approximately 1.25 kW.
The latest development of this technology doubles the area of each cell and enables up to 24 cells to be connected in series,
thereby quadrupling the output capacity of a stack to 5 kW (200 Amps at 24 Volts nominal). An additional improvement incorporated
in this iteration of the design is a streamlined electrolyte path that reduces load on the fuel pump. The new stack is designed for
injection molding and die-casting from the outset, thereby reducing the cost to manufacture the unit.
“This development is a further illustration of the flexibility of the ZincNyx system,” said ZincNyx President and CEO Suresh
Singh. “Advances can be made to each component of the system without requiring simultaneous changes to the other components. In
this case, the power generation capacity is increased without requiring simultaneous changes to the power regeneration capacity or
the energy storage capacity.”
Background
ZincNyx has developed a patented regenerative zinc-air flow battery that efficiently stores energy in the form of zinc particles
and contains none of the traditional high cost battery commodities such as lithium, vanadium, or cobalt. The technology allows for
low-cost mass storage of energy and can be deployed into a wide range of applications.
Unlike conventional batteries, which have a fixed energy/power ratio, ZincNyx’s technology uses a fuel tank system that offers
flexible energy/power ratios and scalability. The storage capacity is directly tied to the size of the fuel tank and the quantity
of recharged zinc fuel, making scalability a major advantage of the flow battery system. In addition, a further major advantage of
the zinc-air flow battery is the ability to charge and discharge simultaneously and at different maximum charge or discharge rates
since each of the charge and discharge circuits is separate and independent. Other types of standard and flow batteries are limited
to a maximum charge and discharge by the total number of cells as there is no separation of the charge, discharge and storage
components.
A photo accompanying this announcement is available at http://resource.globenewswire.com/Resource/Download/c1d63937-0902-4741-b3a7-ef39cfb8782d
To watch a short video outlining this operation, please visit:
http://www.zincnyx.com/technology/
About ZincNyx Energy Solutions
ZincNyx Energy Solutions, a wholly owned subsidiary of MGX, has assembled an experienced team to execute the development and
commercialization of a dependable renewable energy source. With both environmental and efficiency factors in mind, ZincNyx’s
mission is to provide the lowest cost, longest duration and most reliable energy storage system for markets involving renewables
firming, peak shaving, diesel generator replacement, telecom facility back-up, electrification of ferries and tug boats, and
electric vehicle charging support. MGX intends to publicly list ZincNyx and pay a partial share dividend to MGX shareholders of
record (see press release dated April 3, 2018).
About MGX Minerals
MGX Minerals is a diversified Canadian resource company with interests in advanced material and energy assets throughout North
America. Learn more at www.mgxminerals.com.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking
information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such
as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their
nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not
a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking
information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion
of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.
Contact Information Jared Lazerson President and CEO Inquiries: info@mgxminerals.com Web: www.mgxminerals.com
