MGX Minerals Commences UL Certification of ZincNyx 20kW / 120kWh Zinc-Air Fuel Cell Battery for Use in North America
August 23 2018 - 7:22AM
InvestorsHub NewsWire
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MGX Minerals
Commences UL Certification of ZincNyx 20kW / 120kWh Zinc-Air Fuel
Cell Battery for Use in North America
Vancouver, BC -- August 23, 2018 -- InvestorsHub
NewsWire -- MGX Minerals
Inc. (“MGX” or the “Company”)
(CSE:
XMG / FKT:
1MG / OTCQB:
MGXMF) is pleased to announce that its wholly
owned subsidiary ZincNyx Energy Solutions, Inc.
(“ZincNyx”) has engaged the CSA Group for testing, inspection and
certification with respect to obtaining regulatory approval under
the UL 1973 standard for its 20kW output / 120kWh storage Zinc-Air
Fuel Cell Battery. The UL (Underwriters Laboratories)
standard applicable to this mass storage battery is titled
“Standard for Batteries for Use in Light Electric Rail (LER)
Applications and Stationary Applications” and provides the basis on
which flow-batteries may obtain approval for deployment in North
America and abroad.
The modularity and consistency of the
ZincNyx product is beneficial to the regulatory approvals process.
The separation of functions into fuel regeneration, fuel storage
and power generation subsystems simplifies the approvals process by
allowing each function to be evaluated individually without the
complication of interaction with other subsystems. It also enables
common components and materials to be evaluated only once and the
results applied system-wide. The scalability of the system further
enables testing to be performed at small scale and then applied to
large scale modular deployments.
Figure 1. Typical 5kW Modular
System
About ZincNyx Energy
Solutions
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.
The ZincNyx 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.
With a portfolio of 20 granted patents
and an experienced management team, ZincNyx has begun mass
production (see press release August 9,
2018).
To learn more about ZincNyx technology
visit www.zincnyx.com.
About MGX
Minerals
MGX Minerals is a diversified Canadian resource
company with interests in lithium, magnesium and silicon assets
throughout North America. Learn more at www.mgxminerals.com.
Contact
Information
Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: 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.
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