King Resources, Inc. (KING) Grid Grabber GREEN Technology Battery Manufacturing
April 17 2012 - 3:45PM
Marketwired
King Resources, Inc. (PINKSHEETS:KING)
(http://www.king-resources.com) President Dennis Giancola of Grid
Grabber www.gridgrabber.com is pleased to report a successful
meeting with one of the largest and greenest battery manufacturers
in the world today. Mr. Giancola and the owner of the patent for
this new green battery has put into place a contract in which a
unique new green battery will be manufactured for Grid grabber with
its own private label. It will be manufactured with the Grid
Grabber name and logo branded on the battery.
Dennis Giancola of Grid Grabber said, "The battery is an AGM
battery (absorbed glass matt) perfect for our requirements for
storing power in our units. The absorbed glass mat is a highly
absorbent, micro-porous material made of a special glass fiber. The
entire electrolyte (acid) in the battery is absorbed into this
material enabling a leak proof and spill proof design. This
technology offers superior performance over conventional batteries.
This will enable Grid Grabber a much better cycling performance
(the ability to be discharged further, for longer periods), faster
re-charge rates which will reduce Grid grabber's on time usage for
replenishing the storage of power in our new green batteries, and
therefore Grid Grabber will be using less energy and seeing better
results, this truly is a huge break through in technology for Grid
Grabber and our clients."
In other company news and updates, shortly today KING management
will upload an updated Adequate Disclosure document on OTC Markets.
A legal opinion will shortly follow as a filing as well. The
company asks its followers to review the new filings which may
answer many FAQ questions the company has received.
More details and updates will follow.
About King Resources, Inc. (KING)
The company is a convergence of leading businesses that
capitalize on new green technology, creativity, reputation and
expertise to develop and exploit opportunities in real life,
consumer savings and environmental changes that improve the quality
of life and increases the profitability of the company at the
sometime.
SOURCE: King Resources, Inc. (KING)
Safe Harbor Statement
Information in this news release may contain statements about
future expectations, plans, prospects or performance of King
Resources, Inc., that constitutes forward-looking statements for
purposes of the Safe Harbor Provisions under the Private Securities
Litigation Reform Act of 1995. The words or phrases "can be,"
"expects," "may affect," "believed," "estimate," "project" and
similar words and phrases are intended to identify such
forward-looking statements. King Resources, Inc. cautions you that
any forward-looking information provided by or on behalf of King
Resources, Inc. is not a guarantee of future performance. None of
the information in this press release constitutes or is intended as
an offer to sell securities or investment advice of any kind. King
Resources, Inc.'s actual results may differ materially from those
anticipated in such forward-looking statements as a result of
various important factors, some of which are beyond King Resources,
Inc.'s control. In addition to those discussed in King Resources,
Inc.'s press releases, public filings, and statements by King
Resources, Inc.'s management, including, but not limited to, King
Resources, Inc.'s estimate of the sufficiency of its existing
capital resources, King Resources, Inc.'s ability to raise
additional capital to fund future operations, King Resources,
Inc.'s ability to repay its existing indebtedness, the
uncertainties involved in estimating market opportunities, and in
identifying contracts which match King Resources, Inc.'s capability
to be awarded contracts. All such forward-looking statements are
current only as of the date on which such statements were made.
King Resources, Inc. does not undertake any obligation to publicly
update any forward-looking statement.
Contacts: Investor Relations: www.minamargroup.net/helpdesk
Investor Relations Department Inquiry www.minamargroup.com/updates
King Resources Inc.corporate@king-resources.com
King Resources (PK) (USOTC:KRFG)
Historical Stock Chart
From Jun 2024 to Jul 2024
King Resources (PK) (USOTC:KRFG)
Historical Stock Chart
From Jul 2023 to Jul 2024