Vancouver, British Columbia–(Newsfile Corp. – May 21, 2024) – Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) (“Energy Plug” or the “Company”); The energy technology company, dedicated to innovation and sustainability, is pleased to announce the appointment of additional members to its Board of Directors. Energy Plug welcomes Jonathon Araujo (Redbird) as a new member of its Board of Directors, effective May 16, 2024. Mr. Redbird will advise Energy Plug on Indigenous relations and support future strategic partnerships and research and development opportunities related to energy programs. within indigenous communities.
Jonathan Redbird is a band member of the Saugeen First Nation, part of the Anishinaabe people. With over 20 years of experience in finance and economic development, Mr. Redbird brings a wealth of knowledge and expertise to his Energy Plug team. Mr. Redbird has held leadership positions in Pontiac's Group and Core Advisors, where he has worked with more than 220 Indigenous communities on Indigenous innovation, technology, financial advice, infrastructure development and capital raising. In addition to his directorship with Energy Plug, Mr. Redbird currently serves as president of Saugeen Ojibway Nation Finance Corporation.
“Energy Plug is working diligently to embrace Canada's energy infrastructure transition head-on,” said Jonathan Redbird. “As we look to the future, I am excited to offer my expertise to Energy Plug's leadership team in our efforts to support a sustainable energy environment that respects Indigenous relationships and fosters Canadian innovation.”
“Energy Plug is thrilled to be partnering with Energy Plug,” said Broderick Gunning, President and CEO of Energy Plug. “His extensive experience navigating the intersection of energy, business development and Indigenous relations will be invaluable as Energy Plug moves the business forward.”
In addition, Energy Plug engages Renmark Financial Communications, Inc. (“Renmark”), an independent party of the Company, to provide investor relations services to the Company, including investor communications, company information distribution, market research, etc. ) announced the hiring of feedback. Founded more than 25 years ago, Renmark is a full-service investor relations firm representing publicly traded companies traded on all major exchanges in North America.
Broderick Gunning, president and CEO of Energy Plug, said: “We chose Renmark because their standards and methodology best align with the message we want to convey to public investors.”
Renmark has an initial seven-month agreement with us beginning on June 1, 2024 and ending on December 31, 2024. After the initial period, the agreement will continue on a month-to-month basis unless terminated in accordance with the terms of the agreement. Agreement between the parties. In consideration for the services, Energy Plug will pay Renmark a monthly fee of C$9,000. Renmark will also be entitled to reimburse all costs reasonably incurred in accordance with the terms of the agreement. Renmark Financial Communications has no current interest, directly or indirectly, in Energy Plug or its securities and has no right or intention to acquire such an interest.
About Energy Plug Technologies Corp.
Energy Plug Technologies Corp. is an energy technology company focused on innovation.
and sustainability. We focus on assembling customized lithium iron phosphate battery packs to meet a variety of residential, commercial, and industrial storage needs. Our goal is to advance battery technology and strengthen energy management and grid resiliency. Based in British Columbia, we leverage strategic partnerships with local Indigenous communities and the development of a vertically integrated supply chain involving industry-leading companies in Taiwan to provide our customers and partners with highly We aim to provide solutions. For more information about Energy Plug, please visit our website https://energyplug.com.
About Renmark Financial Communications Co., Ltd.
Renmark Financial Communications is a full-service investor relations firm representing small-, mid- and large-cap publicly traded companies traded on all major exchanges in North America. Renmark facilitates connections between clients and key stakeholders to help them efficiently achieve their milestones. Renmark has offices in Toronto, Montreal, New York and Atlanta.
Forward-looking statements
This news release contains forward-looking information within the meaning of applicable securities laws. Forward-looking information often, but not always, includes statements such as “plans,” “intends,” “suggests,” “expects,” “estimates,” “intends,” “anticipates” or “believes.” Can be identified by the use of words. “,” “objective,” or variations of such words or phrases (including negative and grammatical variations), or “may be taken” or “likely” that a particular action, event, or result may be taken. to state, occur, or be accomplished. All statements, other than statements of historical fact, that refer to activities, events, or developments that the Company believes, expects, or anticipates will occur or may occur in the future, including statements regarding the Company's objectives and strategies. (including but not limited to) are future. -The information you are looking for.
Forward-looking information in this news release includes plans for strategic partnerships with Indigenous communities across Canada, future research and development, a planned partnership with the Malahat First Nation, and the intention to build a Gigafactory on Vancouver Island. This includes, but is not limited to, statements regarding.
We believe that the forward-looking information we provide is not a guarantee of future results or performance, and actual results may differ materially from the forward-looking information as a result of various risk factors, including: I would like to warn investors that this is true. Limited to:
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the ability to ultimately enter into a joint venture agreement with the Malahat First Nation;
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funding;
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Obtain permission.
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Ability to build a battery assembly plant.
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our ability to secure battery suppliers and obtain batteries at our desired prices;
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Supply chain disruption.
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Technology obsolescence.
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changes in government, programs and policies regarding clean energy, batteries, electric vehicles and other electric transportation equipment;
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Development of vehicles that use power sources other than batteries, such as hydrogen vehicles.
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Eliminating or reducing government subsidies for electric vehicles and other electric transportation equipment, solar panels, and wind energy equipment.
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changes in Canadian and/or U.S. government policies, rules and regulations;and
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A potential war conflict could disrupt the supply of components needed to manufacture batteries.
Important assumptions used in developing forward-looking information include, but are not limited to::
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General Business and Economic Conditions.
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Financial market conditions.
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the Company's ability to finance its operations through financing or joint ventures;
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Procure consulting, technical and related services and supplies on favorable terms.
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Attracting and retaining key staff members.
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market demand for our products;
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growth prospects in the market for our products;
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availability of raw materials and battery pack supplies to meet market demand;
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Profitability of the facility.
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the anticipated conditions of consents, permits and approvals necessary to carry out the planned operations and our ability to comply with such conditions on a cost-effective basis;and
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ongoing relationships with industry regulators;
Although the Company's management has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, There may be other factors that cause the results to differ from those anticipated, estimated or intended. . There can be no assurance that such statements will prove to be accurate, as actual results or future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements or forward-looking information. Readers are cautioned that the forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intention to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Investing in our securities involves risk.
Energy Plug continues to analyze and negotiate a partnership agreement with the Malahat First Nation. There can be no assurance that this partnership agreement will be formalized or that its final terms will be finalized. The performance of a partnership agreement depends on a number of factors, including further negotiations between the parties regarding the full terms of the partnership.
contact address
Energy Plug Technologies Co., Ltd.
broderick gunning
President and CEO
brodie@energyplug.com
PR for investors
Renmark Financial Communications Co., Ltd.
1900 – 130 King Street West, Toronto, ON M5X 1E3
John Boydman: jboidman@renmarkfinancial.com
Phone: (416) 644-2020 or (212)-812-7680
www.renmarkfinancial.com
media contact
perry barrage
Account Manager, DGPR
+1 587 577 1337
perri.burrage@dg-pr.com
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