Toronto, Ontario, Canada
EEStor Retains Investor Relations Firm
Toronto, Ontario – March 22, 2016 – EEStor Corporation (TSX VENTURE:ESU) (“EEStor” or the “Company”) announced today that, subject to regulatory approval, it has retained Transcend Capital Inc. (“Transcend”) to develop and implement an investor relations program for the Company. Transcend, with offices in Vancouver, British Columbia, is a full-service investor relations firm that assists small and mid-cap public companies with market awareness campaigns and helps these companies gain valued industry exposure through an extensive network of retail and institutional clients. Mr. Etienne Moshevich is the sole owner of Transcend.
Transcend will provide comprehensive investor relations services to EEStor for an initial period
of 24 months, subject to earlier termination in certain circumstances. Transcend is to be paid declining monthly fees aggregating C$190,000 for the 24 month term of the agreement, exclusive of applicable taxes, and is entitled to be reimbursed for reasonable expenses incurred. Transcend and its directors, officers and employees own common shares of EEStor aggregating less than 4% of the number of outstanding shares.
About EEStor Corporation
The Company’s mission is to be the provider of leading edge electrical energy storage and related capacitor technologies. The Company operates on the principle and belief that a fundamental break- through in energy storage will be the catalyst for positive environmental and economic change globally. The Company’s current business strategy is focused on licensing and partnership opportunities across a broad spectrum of industries and applications building on its recent technology achievements related to capacitors.
The Company holds an approximate 71.3% as-converted equity and voting interest and certain technology rights to a solid-state capacitor and related energy storage technologies currently under development by EEStor, Inc. The acquisition of the controlling interest in EEStor Inc. aligned the businesses of both companies and now allows EEStor Corporation to benefit from other revenue streams that should be available to EEStor, Inc., including applications throughout the capacitor industry and not limited to high density energy storage applications.
The Company’s success depends on the commercialization of the technology developed by EEStor Inc. and there is no assurance that it will be successful in the completion of the various enhancement phases to warrant the anticipated licensing opportunities in the technology. Readers are directed
to the ‘Risk Factors’ disclosed in the Company’s AIF.
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.
Chief Executive Officer 416-535-8395