TORONTO, April 16, 2018 (GLOBE NEWSWIRE) -- EEStor Corporation (TSXV:ESU) (“EEStor” or the “Company”) announced today that, subject to regulatory approval, it has granted stock options to directors, officers, employees and consultants of the Company and/or subsidiary EEStor, Inc. to acquire an aggregate of 1,650,000 common shares under the Company’s stock option plan. Each option is exercisable to acquire one common share at a price of $0.36. All options are subject to vesting restrictions and expire five years from the date of grant.
About EEStor Corporation
EEStor Corporation's mission is to be the provider of leading edge electrical energy storage and related technologies. EEStor operates on the principle and belief that a fundamental breakthrough in energy storage will be the catalyst for positive environmental and economic change globally. EEStor’s current business strategy is focused on licensing opportunities across a broad spectrum of industries and applications building on its recent technology achievements related to solid-state, high energy density capacitors.
The Company’s success depends on the commercialization of its technology. There is no assurance that EEStor will be successful in the completion of the various enhancement phases underway to warrant the anticipated licensing opportunities in the technology. Readers are directed to the "Risk Factors" disclosed in the Company’s public filings.
For additional information please contact:
Ian Clifford
Chief Executive Officer
EEStor Corporation
Tel. 416-535-8395 ext. 3
ian.clifford@eestorcorp.com
Mark Olson
Senior Vice President
Sparkpr
Tel. 512-507-1993
mark.olson@sparkpr.com
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