VANCOUVER, British Columbia, Sept. 14, 2021 (GLOBE NEWSWIRE) -- Extreme Vehicle Battery Technologies Corp. (the “Company” or “EV Battery Tech”) (CSE: ACDC) (OTCQB:CRYBF) and its subsidiary IoniX Pro Battery Technologies Inc. (“IoniX Pro”) are pleased to announce that the Company’s common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (“DTC”) in the United States.
"There has been an overwhelming demand from our US shareholders to allow for the trading of our shares between United States accounts,” commented Bryson Goodwin, President and CEO of EV Battery Tech. “DTC eligibility allows our shareholders to trade our shares on popular US platforms such as Robinhood.
“Shareholders have also been demanding a stronger US presence to better spread the word of progress and development of our BMS and Blockchain technology as well as our Battery Product line, IoniX Pro, with a larger audience. I am very pleased to now be formally listed on the OTCQB and to have secured DTC eligibility, to answer these demands and enable easier access to our US shareholders,” continued Mr. Goodwin.
DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly-traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered to be "DTC eligible." DTC eligibility is expected to simplify the process of trading and enhance the liquidity of the Company's common shares in the United States.
“We are very happy to see the greater access to the shares of our parent Company,” commented Robert Abenante, Chief Innovation Officer of IoniX Pro. “We are very proud of our development at IoniX Pro and continue to push the envelope to provide the most cutting-edge products in our industry. Enabling a larger audience to participate in our growth will be a win-win for all our stakeholders."
For more information on EV Battery Tech please visit www.evbattery.tech.
For more information on IoniX Pro please visit www.ionixpro.com.
On behalf of the Company,
Bryson Goodwin,
Chief Executive Officer
About EV Battery Tech
Extreme Vehicle Battery Technologies Corp. is a blockchain and battery technology company with revolutionary, patented Battery Management Systems (BMS) designed to meet the growing demand for scalable, smart solutions for the rapidly growing Electric Vehicle (EV) and Energy Storage Solution (ESS) markets. The company has committed to assisting global recycling solutions by offering recycling initiatives using their technology to analyze and fully refurbish used batteries.
Contact Numbers and Emails
For further information about the Company, please visit https://www.evbattery.tech.
For further information about the Company’s Products please visit https://www.ionixpro.com.
For Investor Inquiries, please contact (236) 259-0279 or email info@evbattery.tech.
For Product or Sales Inquiries, please contact (236) 266-5174 or email sales@ionixpro.com.
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The CSE (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
Forward Looking Statements
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties, including the specific factors disclosed here and elsewhere in EV Battery Tech’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “hope”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “believe”, “should”, “projected”, “proposed”, “rendering” and similar expressions, are forward-looking statements.
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements respecting the effects of DTC eligibility on share liquidity and access to capital and the tradability of the Company’s shares in the United States. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
