Mergers & Acquisitions
By The Online Investor Staff, updated Thu., Feb. 27, 3:11 PM
| This Slide: #17 of 100 |
Slide #17. EEStor Corporation — Infinium Generation Ltd.
Acquirer:
EEStor Corporation (CVE:ESU.CA)
Acquiree:
Infinium Generation Ltd.
Details:
EEStor Corporation (TSX.V: ESU) ("EEStor"), is pleased to announce it has entered into a letter of intent, dated February 20, 2020, pursuant to which it proposes to acquire all of the outstanding share capital of Infinium Generation Ltd. ("INFINIUM"). Based in Montreal, Canada, INFINIUM is an arms-length private company involved in research and development and commercial activities related to zero-emission NH3 fuel, generated from a patented and scalable process.
EEStor is engaged in the development and marketing of ZENNergy™. ZENNergy is a suite of electric vehicle technologies, components and services to capitalize EEStor, Inc's (EEStor's) capacity based energy storage technology.
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