MGX completes manufacturing design for Zn battery parts

Jun 28, 2018

2018-06-28 06:57 ET – News Release

Mr. Jared Lazerson reports

MGX MINERALS ANNOUNCES MANUFACTURING UNDERWAY OF ZINC-AIR BATTERY COMPONENTS

MGX Minerals Inc.’s wholly owned subsidiary ZincNyx Energy Solutions Inc. has completed the design for manufacturing of its core regenerator and fuel cell modules.

Since both modules are constructed from a number of identical cells, they constitute ideal candidates for manufacture by volume production methods such as injection molding, die casting and extrusion. These methods require stringent design rules to be followed to ensure efficient and reliable parts production. ZincNyx has now completed this process for the highest-volume parts with the active participation of its chosen suppliers. ZincNyx expects to start receiving parts based on these designs within the next four to six weeks.

“This advance demonstrates that the ZincNyx system can be manufactured using conventional production processes,” said ZincNyx president and chief executive officer Suresh Singh. “The design can be transferred to almost any location world-wide without the need to build expensive custom factories.”

The regenerator and fuel cell parts form the nucleus of ZincNyx’s next-generation system which will provide four times the capacity of earlier models. The expanded range of this system addresses the need for long duration energy storage when coupled with renewable energy sources such as wind and solar. The system may be housed in a shipping container for deployment at remote locations or may be installed in free standing racks in a warehouse-type environment.

About MGX Minerals Inc.

MGX Minerals is a diversified Canadian resource company with interests in advanced material and energy assets throughout North America.

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https://www.mgxminerals.com/investors/news/2018.html