MGX Goes Big, Develops Utility-Scale Battery Storage System

ZincNyx accelerates commercialization efforts to make MGX a leader in the energy storage space

ZURICH, SWITZERLAND / ACCESSWIRE / January 30, 2018 / Today, MGX Minerals Inc. (CSE: XMG; OTCQB: MGXMF; Frankfurt: 1MG) made 2 major announcements: (1) Commencement of development of a scaled-up 20 kW next generation zinc air mass energy storage system, and (2) Closing of the ZincNyx acquisition, as a total of $250,000 cash and 4,793,333 common shares of MGX have been issued as consideration for the acquisition of ZincNyx and related intellectual property and retention of key employees. ZincNyx CEO, Suresh Singh, commented:

“We are delighted to become part of the MGX family of CleanTech Companies. We look forward to accelerating our commercialization efforts and contributing towards making MGX a leader in the energy storage space.”

The full report can be accessed with the following links:

English: http://rockstone-research.com/index.php/en/research-reports/4145-MGX-Goes-Big,-Develops-Utility-Scale-Battery-Storage-System

German: http://rockstone-research.com/index.php/de/research-reports/4146-MGX-hat-Grosses-vor-und-entwickelt-kraftwerksgrosses-Batterie-Speichersystem

Disclaimer: Please read the full disclaimer within the full research report as fundamental risks and conflicts of interest exist.

SOURCE: Rockstone Research

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