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Facility to perform as an R&D hub as Eos accelerates innovation in vitality storage; Congressman Frank Pallone, Jr., Chairman of the Home Power and Commerce Committee, to attend ribbon slicing ceremony
EDISON, N.J., July 22, 2022 (GLOBE NEWSWIRE) — Eos Power Enterprises, Inc. (NASDAQ: EOSE) (“Eos”), a number one supplier of secure, scalable, environment friendly, and sustainable zinc-based vitality storage methods, right now introduced the dedication of the “Eos Ingenuity Lab,” a web site centered on increasing the Firm’s R&D capability because it designs future generations of its Znyth™ aqueous battery and forges a path towards speedy manufacturing and deployment of its vitality storage methods. Situated at Eos’ company headquarters in Edison, NJ, the Eos Ingenuity Lab gives the house and assets to proceed evolving Eos’ secure, versatile zinc battery know-how as a part of the Firm’s mission to speed up the shift to scrub vitality.
“The launch of the Ingenuity Lab underscores our dedication to constructing the vitality storage options of the long run,” mentioned Joe Mastrangelo, Chief Government Officer of Eos. “Now we have at all times prioritized innovation and steady enchancment as a part of our firm identification, however to have a delegated web site the place this may be fostered will assist speed up adoption of vitality storage and its vital function within the renewable vitality transition.”
Congressman Frank Pallone, Jr. of New Jersey, will make his second go to to Eos’ Edison facility for the revealing of the Eos Ingenuity Lab on July 25. Eos has pledged so as to add as many as 25 jobs to the 6th district of New Jersey and foster partnerships with instructional establishments and native leaders to help financial development and clear vitality innovation inside the neighborhood.
A spotlight of the Lab can be to refine and optimize Eos’ present know-how whereas creating prototypes for future designs that may be examined underneath a wide range of circumstances. The present mannequin has a large operability vary from 3 to 12 hour discharge durations. Growth and testing of latest modular containers to move and home the batteries in addition to superior manufacturing processes will even be studied.
Prospects and companions are inspired to contact Eos if excited about scheduling a tour of the Edison “Eos Ingenuity Lab” or its manufacturing plant in Turtle Creek, PA outdoors Pittsburgh. The disclosing of the Eos Ingenuity Lab on July 25, 2022 will happen at 1:30 p.m. ET and be open to the press.
About Eos
Eos Power Enterprises, Inc. is accelerating the shift to scrub vitality with positively ingenious options that remodel how the world shops energy. Our breakthrough Znyth™ aqueous zinc battery was designed to beat the constraints of typical lithium-ion know-how. Protected, scalable, environment friendly, sustainable — and manufactured within the U.S. — it is the core of our progressive methods that right now present utility, industrial, and business clients with a confirmed, dependable vitality storage different. Eos was based in 2008 and is headquartered in Edison, New Jersey. For extra details about Eos (NASDAQ: EOSE), go to eose.com.
Ahead-Trying Statements
This press launch contains sure statements which will represent “forward-looking statements” inside the that means of the “secure harbor” provisions of the Personal Securities Litigation Reform Act of 1995. Ahead-looking statements embrace, however aren’t restricted to, statements that seek advice from projections, forecasts or different characterizations of future occasions or circumstances, together with any underlying assumptions. The phrases “anticipate,” “imagine,” “proceed,” “might,” “estimate,” “count on,” “intends,” “could,” “would possibly,” “plan,” “potential,” “potential,” “predict,” “challenge,” “ought to,” “would” and comparable expressions could determine forward-looking statements, however the absence of those phrases doesn’t imply {that a} assertion isn’t forward-looking. Elements which can trigger precise outcomes to vary materially from present expectations embrace, however aren’t restricted to: modifications adversely affecting the enterprise through which we’re engaged; our capacity to forecast developments precisely; our capacity to generate money, service indebtedness and incur further indebtedness; our capacity to develop environment friendly manufacturing processes to scale and to forecast associated prices and efficiencies precisely; fluctuations in our income and working outcomes; our capacity to supply and safe labor; competitors from present or new opponents; the failure to transform agency order backlog to income; dangers related to safety breaches in our data know-how methods; dangers associated to authorized proceedings or claims; dangers related to modifications in federal, state, or native legal guidelines; dangers related to potential prices of regulatory compliance; dangers related to modifications to U.S. commerce insurance policies; dangers ensuing from the impression of world pandemics, together with the novel coronavirus, Covid-19; and dangers associated to antagonistic modifications normally financial circumstances. The forward-looking statements contained on this press launch are additionally topic to further dangers, uncertainties, and elements, together with these extra totally described in Eos’s most up-to-date filings with the Securities and Alternate Fee, together with Eos’s most up-to-date Annual Report on Kind 10-Ok and subsequent experiences on Types 10-Q and 8-Ok. Additional data on potential dangers that might have an effect on precise outcomes can be included within the subsequent periodic and present experiences and different filings that Eos makes with the Securities and Alternate Fee once in a while. Furthermore, Eos operates in a really aggressive and quickly altering surroundings, and new dangers and uncertainties could emerge that might have an effect on the forward-looking statements contained on this press launch. Ahead-looking statements converse solely as of the date they’re made. Readers are cautioned to not put undue reliance on forward-looking statements, and, besides as required by legislation, Eos assumes no obligation and doesn’t intend to replace or revise these forward-looking statements, whether or not on account of new data, future occasions, or in any other case.
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