ABOUND Energy Inc. (“ABOUND” or the “Company”) (CSE: ABND) (FSE: 0E9) announced today that it is advancing a company-wide consolidation and asset optimization plan designed to enhance operational efficiency and reduce costs. The effort combines both public and private sales to reduce excess, non-essential items that resulted primarily from the consolidation of the company’s Ash and Viking locations last year. Through this initiative, ABOUND anticipates proceeds exceeding $200,000.
The consolidation reduced the company’s combined footprint from almost 25,000 square feet to 14,000 square feet, creating a more streamlined and cost-effective operational base. Beyond the immediate proceeds, the greater benefit of this program is that it better positions ABOUND to negotiate more favorable terms through more flexible facility requirements when its current lease comes up for renewal.
This strategic move empowers the company to preserve its cathode production capabilities while advancing the development and construction of its third-generation prototype. Building on a previous in-house collaboration with a leading cloud provider, the new prototype is anticipated to deliver 3x greater reliability compared to the prior generation. The effort represents a critical milestone in the advancement and forthcoming commercialization of ABOUND’s proprietary Zaeras™ energy storage technology. By sustaining this progress, the company remains on track to meet its sales commitments to Novus Earth Energy while enhancing engineering continuity and operational efficiency. Together, these advancements strengthen ABOUND’s ability to accelerate time to market and scale future production.
The company will continue evaluating non-core assets for disposition, aligning its physical infrastructure and cost structure with core technology development, commercialization priorities, and long-term growth objectives.
About ABOUND Energy Inc.
ABOUND specializes in developing scalable, environmentally friendly, long-lasting energy technology. Our patented Zaeras™ long-duration energy storage technology, leveraging zinc-air chemistry, guarantees the storage and on-demand delivery of electricity without the limitations or environmental risks associated with current market leaders.
About ABOUND’s Zaeras™ Technology
Zaeras™ is precision-engineered to meet future energy requirements, with a specific emphasis on simplifying long-duration energy storage. Harnessing the potential of its multi-patented Zaeras™ technology, ABOUND is poised to facilitate the seamless integration of green energy sources into the grid. This is achieved by minimizing curtailment, bridging the gap between supply and demand, and efficiently integrating green energy into the grid. ABOUND’s strategic initiatives encompass opportunities for peak demand reduction, leveraging time-of-use arbitrage, participating in value stacking programs, and entering the distributed long-duration energy storage sector. These endeavors are aligned with our central objective of increasing the integration and resiliency of green energy, while stabilizing the grid.
Distinguished by its inherent safety—free from fire or explosion hazards—Zaeras™ guarantees sustained capacity over an extensive lifecycle. Simultaneously, it showcases versatility by independently managing charge and discharge operations. Comparable to other Flow Battery technologies, scaling up the energy capacity of Zaeras™ is as simple as increasing the size of the fuel tank; a cost-effective solution, from kWh to MWh. This is a welcome alternative to the fixed power-to-energy ratio constraints ingrained in traditional systems, such as Li-ion and Zinc Hybrid Batteries.
