TORONTO, July 12, 2018 (GLOBE NEWSWIRE) — EEStor Corporation (“EEStor” or the “Company“) (TSX VENTURE:ESU) wishes to advise shareholders and other market participants that it is not aware of any material change in the Company’s business or affairs that would account for the recent decline in the trading price of the Company’s common shares.
The Company’s business plan continues to proceed effectively on all fronts. The Company is engaged in a number of licensing discussions that are positive and proceeding as rapidly as possible. These activities would be publicly disclosed if and when any definitive agreements have been entered into and/or mutually disclosable events have occurred. On the technology advancement front, the Company continues to make significant progress in a number of key development areas and will disclose any material technology advancements once independent third-party validation of the results is received. The EEStor team is currently working at its most effective level to date and new positions have been added to improve and expedite key development areas of the Company. The Company hopes to be in a position to report further on these initiatives in the near term.
About EEStor Corporation
EEStor is a developer of high energy density solid-state capacitor technology utilizing the Company’s patented Composition Modified Barium Titanate (CMBT) material. The Company is focused on licensing opportunities for its technology across a broad spectrum of industries and applications.
The Company’s success depends on the commercialization of its technology. There is no assurance that EEStor will be successful in the licensing of the technology. Readers are directed to the “Risk Factors” disclosed in the Company’s public filings.
Neither 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.