MGX Minerals Announces Major Advancement in Mass Storage
Battery Technology; Solves Zinc Dendrite Formation
Limitation
VANCOUVER, BRITISH COLUMBIA / January 9th,
2018
/
-- InvestorsHub NewsWire -- MGX Minerals Inc. ("MGX" or the
"Company") (CSE:
XMG /
FKT:
1MG /
OTCQB:
MGXMF) is pleased to
announce wholly owned subsidiary ZincNyx Energy
Solutions, Inc. ("ZincNyx") has
solved the long standing reliability
issue caused by
the growth of zinc dendrites in zinc-air flow batteries.
The
problem occurs when filaments of zinc (dendrites) grow in
unintended areas and may cause membrane ruptures or short circuits
to occur. The ZincNyx system is immune to this effect since it uses
zinc dendrites as fuel and consumes them as part of its normal
operation. Avoidance of dendrite damage is the single most
significant hurdle in development and commercialization of zinc-air
flow battery systems. Phase II design and testing has been
completed and final commercial design is now underway for mass
production of its scalable 20kWh capacity zinc-air mass storage
battery.
This innovative
regenerative zinc-air flow battery can be readily scaled from
kilowatt to megawatt range to provide low cost energy storage.
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 quantity of charged
zinc fuel making scalability a major advantage of the flow battery
system. In addition, 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 as 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 size of the fuel storage
system.
The technology
emits no greenhouse gases or pollutants.
ZincNyx Technology
ZincNyx's
technology consists of three main subsystems that use zinc and air
to store energy in the form of zinc particles. When the system is
delivering power, the zinc particles are combined with oxygen drawn
from the surrounding air. When the system is recharging, zinc
particles are regenerated
and
oxygen is returned to atmospheric air.
ZincNyx has
secured over 20 patents to date.
Figure 1. Principle of Operation
Figure 2. ZincNyx U.S. Patent Coverage
About ZincNyx Energy Solutions
To learn more
about ZincNyx technology visit www.zincnyx.com.
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.
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.