EEStor Corporation Completes Filing of 2019 Audit and Q1
March 30 2020 - 9:20PM
EEStor Corporation (TSX.V: ESU) (“
EEStor” or the
“
Corporation”) announces that it has filed its
2019 annual audited financial statements, along with its interim
financial statements for the three-month period ended December 31,
2019, and their related management’s discussion and analysis, and
CEO and CFO certifications (collectively, the “
Required
Filings”).
The Corporation is currently subject to a
voluntary management cease trade order issued by the Ontario
Securities Commission on January 29, 2020 in connection with the
Required Filings. The Corporation expects this cease trade
order to be revoked following the completion of the Required
Filings.
Ian Clifford, Founder and Chief Executive
Officer of the Corporation, commented: “To all our shareholders I
extend our thanks for your ongoing support and patience. We are
pleased to have completed our 2019 audit, and appreciate everyone’s
efforts working through the process in these unprecedented
times.”
Clifford continued: “We are excited about moving
forward with the potential acquisition of Infinium Generation. The
acquisition of Infinium should allow for the targeted
implementation of specific types of zero-emission generation and
storage technology to address some of the most pressing and dynamic
energy needs globally. By creating zero-emission fuels from
sustainably generated purified water, in exactly the place the
energy needs to be consumed, we hope to reduce, and potentially
eliminate, the need for profoundly inefficient distribution
networks that exist today.”
About EEStor
EEStor is a developer of high energy density
solid-state capacitor technology utilizing patented Composition
Modified Barium Titanate (CMBT) material. EEStor is committed
to providing commercially viable and sustainable energy solutions
across a broad spectrum of industries and applications.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
All statements, other than statements of
historical fact, contained in this press release including, but not
limited to (i) generally, or the “About EEStor” paragraph which
essentially describes the Corporation’s outlook and objectives,
constitute “forward-looking information” or “forward-looking
statements” within the meaning of certain securities laws, and are
based on expectations, estimates and projections as of the time of
this press release. Forward looking statements are necessarily
based upon a number of estimates and assumptions that, while
considered reasonable by the Corporation as of the time of such
statements, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. These
estimates and assumptions may prove to be incorrect.
Many of these uncertainties and contingencies
can directly or indirectly affect, and could cause, actual results
to differ materially from those expressed or implied in any
forward-looking statements. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Forward-looking statements are
provided for the purpose of providing information about
management's expectations and plans relating to the future. The
Corporation disclaims any intention or obligation to update or
revise any forward-looking statements or to explain any material
difference between subsequent actual events and such
forward-looking statements, except to the extent required by
applicable law.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Mr. Ian Clifford Chief Executive
Officer 416-535-8395 ext.3ian.clifford@eestorcorp.com |
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