The Firm’s Rechargeable Zinc-Manganese Dioxide Battery Expertise to Goal Residential and Business Backup Energy Markets
TORONTO, ONTARIO, CANADA, August 8, 2023/EINPresswire.com/ — Hartford Vitality Options Inc. (HES), an organization commercializing modern clear vitality applied sciences is happy to announce a non-brokered personal placement financing for gross proceeds of as much as CAN$3,500,000 by means of the issuance of as much as of seven,000,000 widespread shares (every, a “Widespread Share”) within the capital of the Firm at a value of $0.50 per Widespread Share (the “Providing”).
Gross proceeds raised from the Providing will likely be used for the continued growth of proprietary giant format Zinc-Manganese Dioxide (Zn-Mn02) rechargeable battery options to be used in stationary off-grid and grid-tied functions with an preliminary concentrate on residential and industrial backup energy.
“Whereas the transition away from fossil fuels is just starting the business is already experiencing exponential development leading to a number of points together with fireplace security, using hazardous supplies, growing prices and lengthy lead occasions,” mentioned Wayne Hartford, CEO and Chairman of HES. “HES will likely be addressing these points with Zn-Mn02 options utilizing environmentally accountable supplies which can be non-flammable, non-hazardous, cheaper and available,” mentioned Hartford.
The HES know-how is predicated on batteries beforehand developed by Wayne Hartford, Dr. Klaus Tomantschger and Dr. Karl Kordesch, the inventor of the single-use Zn-Mn02 “Alkaline” battery that continues to dominate the patron battery market. The enterprise targeted on small format rechargeable Zn-Mn02 batteries in AAA and AA sizes with merchandise offered internationally to retail, enterprise and OEM prospects. Early work on giant format Zn-Mn02 batteries throughout this era confirmed nice promise. In recent times a number of million {dollars} has been spent on its continued growth.
To convey the know-how to market, HES is assembling a administration group, Board of Administrators and Advisors with over 200 years of expertise creating and commercializing vitality storage applied sciences. This consists of vitality storage executives who had been instrumental in commercializing the unique small format rechargeable Zn-Mn02 battery know-how.
About Hartford Vitality Options Inc.:
Hartford Vitality Options Inc. is bringing to market subsequent era, clear vitality storage options with an preliminary concentrate on proprietary giant format rechargeable Zinc-Manganese Dioxide batteries for stationary off-grid and grid-tied functions. These functions embrace residential and industrial backup energy, amongst others.
For extra data please contact: data@hartfordenergysolutions.com
Wayne Hartford
Hartford Vitality Options Inc.
data@hartfordenergysolutions.com
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