ENERGY PLUG TECHNOLOGIES ORD Stock Price, News & Analysis

Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) has successfully closed the second tranche of its non-brokered private placement, raising $415,000 by issuing 8,300,000 common shares at $0.05 per share. This brings the total gross proceeds from the private placement to $681,000 through the sale of 13,620,000 shares. The funds will be used for general corporate purposes. The company paid $29,200 in finder's fees and issued 584,000 brokers' warrants, exercisable at $0.125 for one year. All securities issued are subject to a four-month hold period.

Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) has engaged Aktiencheck.de AG for a European marketing awareness program. The program includes 20 editorial write-ups, email marketing campaigns, and targeted distribution to active investors via various channels. Set to commence on August 19, 2024, the program will run for up to 12 months at a cost of EUR 100,000, payable in four instalments of EUR 25,000 over four months. No shares or options were issued as part of this engagement. Aktiencheck.de AG and its principal, Stefan Lindam, currently have no interest in Energy Plug or its securities.

Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) has closed the first tranche of its non-brokered private placement, raising $266,000 by issuing 5,320,000 common shares at $0.05 per share. The company paid $18,880 in finder's fees and issued 377,600 brokers' warrants exercisable at $0.125 for one year. Proceeds will be used for general corporate matters. All securities issued are subject to a four-month hold period. This private placement follows the company's previous announcement on July 31, 2024.

Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) has expanded its advisory board with three key appointments to support its growth plans in Canada, the US, and internationally. The new advisors are:

1. Jack Lee: Specializing in certifications and safety, with 15 years of experience at Underwriters Laboratories (UL).

2. Miro Cernetig: Expert in journalism, media relations, and global brand expansion.

3. Roman Fontes: Advisor for the US market with 20 years of experience in energy and infrastructure project development and finance.

These strategic additions aim to enhance Energy Plug's capabilities in safety standards, brand expansion, and market penetration, particularly in North America and Taiwan.

Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) has announced a non-brokered private placement of up to 20,000,000 common shares at $0.05 per share, aiming to raise up to $1,000,000 for general working capital. The company will pay 8% cash and 8% broker's warrants as finders' fees, subject to regulatory approvals. Securities issued will have a four-month plus one-day hold period.

Additionally, Energy Plug has granted 1,725,000 stock options to directors, officers, and consultants. Of these, 1,200,000 will vest immediately, while the remainder will vest quarterly over three years. The options have a strike price of $0.055 and a 36-month term.

Energy Plug Technologies Corp. (CSE: PLUG, OTCQB: PLGGF, FSE: 6GQ) has announced a Memorandum of Understanding (MOU) with GUS Technology Co to supply Lithium Titanium Oxide (LTO) battery cells across Canada, North America, and Latin America. This collaboration, which includes Malahat Battery Technologies Corp., aims to introduce LTO chemistry to early adopter customers and enhance industrial, military, and marine energy mobility and storage markets with advanced LTO technology.

The MOU represents a strategic move by Energy Plug to expand its presence in the energy storage sector and potentially capture new market opportunities in various industries. By partnering with a Taiwanese LTO cell manufacturer, the company is positioning itself to meet the growing demand for high-performance battery solutions in key regions.

Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) has entered into a Memorandum of Understanding (MOU) with Power Touch Corp., a Taiwan-based company specializing in Asus' AI and Internet Data Centre (IDC) hardware. The MOU aims to provide battery energy storage for Power Touch's IDCs in Canada, focusing on AI, heavy compute, and crypto mining operations.

Key points:

• Energy Plug will allocate or sell power from its battery storage programs to Power Touch's IDCs.
• The collaboration addresses the growing electricity demand from data centers, expected to consume 13% of global electricity by 2030.
• The partnership aims to enable sustainable data centre infrastructure solutions and explore opportunities in the USA, Latin America, India, and the Middle East.

Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) has provided a corporate update highlighting key activities and near-term objectives. The company has:

1. Signed its first battery storage deal with Ximen Mining Corp.
2. Formed a partnership with Malahat Nation for a Gigafactory
3. Signed an MOU with Siemens Canada
4. Entered into MOUs with Power Touch Corp., Anasis Tech , METAENERGY TECHNOLOGY CO , and Enwind Power Co
5. Focused on targeting utilities, commercial and industrial companies, data centers, and AI applications
6. Submitted grant applications with Malahat Nation
7. Addressed regulatory concerns with BCSC
8. Strengthened its team with notable additions

The company aims to complete its first BESS installation by September 2024 and begin Gigafactory construction in Q4 2024.

Energy Plug Technologies Corp. (CSE: PLUG, OTCQB: PLGGF, FSE: 6GQ) announced the resignation of Jan Urata as Corporate Secretary, effective June 26, 2024. The company expressed gratitude for Urata's contributions. Connie Hang, the current CFO, will assume the role of Corporate Secretary in addition to her responsibilities as CFO.