EESTOR CORPORATION ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS

TORONTO, ONTARIO – June 16, 2020 — EEStor Corporation (TSXV:ESU) (“EEStor”, or the “Company”) announces that Mr. Gregory Gooch has been appointed to the Company’s Board of Directors.

Leveraging his multifaceted career in the fields of electronics and finance, Greg has been active in funding and advising start-ups and new technology companies for over 40 years.  Greg has been involved with EEStor since its early days and has remained a significant supporter and consultant to the company over the years. His current directorship and managerial roles, in 4 private companies, brings a wealth of practical fiduciary and management experience to EEStor.  Greg holds a B. Eng. from McGill University and an MBA Western University.

Ian Clifford, Founder and CEO of the Company, commented: “As the Company pursues strategic technology acquisitions, the addition of Greg to the Board was a tactical choice. His broad industry knowledge and experience, specifically in mergers and acquisitions, adds significant expertise to the Board and the Company as a whole, as we continue this pivotal acquisition process.”

The Company also announces that, effective June 14th, 2020, it has accepted the resignation of Mr. Noel Cuesta from the board of directors. The Company thanks Mr. Cuesta for his services and wishes him all the best in his future endeavours.

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 Company’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 Company 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 Company 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.3

ian.clifford@eestorcorp.com

 

 

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