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NEWS -- EEStor ends takeover talks with Infinium

2020-04-27 06:35 ET - News Release

Mr. Ian Clifford reports

EESTOR CORPORATION AND INFINIUM GENERATION DISCONTINUE NEGOTIATIONS

EEStor Corp.'s negotiations with Infinium Generation Ltd. have discontinued, and the parties will not be proceeding with the previously proposed acquisition. Despite negotiating in good faith, the parties have been unable to reach agreement surrounding the proposed acquisition and the capital requirements of Infinium, and as a result have elected not to move forward. No funds were advanced by the company to Infinium, and the company has not assumed any contingent liabilities arising from the proposed acquisition.

Ian Clifford, founder and chief executive officer, stated, "EEStor remains committed to its sustainability mandate and we will provide further updates on current opportunities to our shareholders in the near future."

About EEStor Corp.

EEStor is a developer of high-energy-density solid-state capacitor technology utilizing patented composition-modified barium titanate material.

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