Expion360 signs a memorandum of – GuruFocus.com
Expion360 engages the Chesapeake Group for corporate communications
REDMON, OR and LINCOLNSHIRE, IL/ACCESSWIRE/July 25, 2022/ Expion360, Inc. (NASDAQ:XPON), an industry leader in lithium batteries and accessories for recreational vehicles (RVs), outdoor, marine and industrial, has entered into a memorandum of understanding (MOU) to the company’s lithium supply.
Ioneer Ltd. is on its way to becoming a major national supplier of refined lithium. The memorandum of understanding states that Expion360 wishes to engage Ioneer as a supplier of lithium carbonate and that Ioneer wishes to manufacture and supply this product to Expion360.
“This is an important step towards vertically integrating our business and controlling our supply chain. With the ever-increasing demand for our battery products and our production capabilities, it is important to have a national lithium supplier,” commented Expion 360 CEO Jean Yozamp.
As the company continues its rapid growth, the company has engaged the Chesapeake Group for corporate communication and broker relations. The Chesapeake Group, Inc. will create and execute a new, proactive investor relations program for current and potential investors. Chesapeake will control aspects of investor outreach with an emphasis on investor education and corporate transparency. Based in Maryland, Chesapeake is an award-winning, full-service investor relations firm that has been helping public companies since 1996.
Ioneer Ltd owns 100% of the Rhyolite Ridge Lithium-Boron project located in Nevada, USA, the only known lithium-boron deposit in North America and one of only two known such deposits in the world . The Definitive Feasibility Study (DFS) completed in 2020 confirmed Rhyolite Ridge as a world-class lithium-boron project that is expected to become a globally significant, long-lived, low-cost lithium-boron source. cost, vital for a sustainable future. In September 2021, Ioneer entered into a 50/50 joint venture agreement with Sibanye Stillwater Ltd to bring the Rhyolite Ridge project into commercial production. Ioneer will be the project operator.
Expion360 is an industry leader in premium lithium batteries and accessories for recreational, outdoor, marine and industrial vehicles. The company sources, assembles and white marks components and finished products. Its 360 (12V/360Ah) is 3.5 times the capacity of an average RV battery and its form factor is unique. Founded in 2016 by company CEO John Yozamp, Expion360 designs and manufactures its batteries from its headquarters in Redmond, Oregon. For more information, visit www.epxion360.com.
Forward-Looking Statements and Safe Harbor Notices
All statements other than statements of historical facts included in this press release are “forward-looking statements” (as defined in the Private Securities Litigation Reform Act of 1995). These forward-looking statements include our expectations and statements that use forward-looking terms such as “projected”, “expect”, “possibility” and “anticipate”. The realization or success of the matters covered by these forward-looking statements involve significant risks, uncertainties and assumptions. Actual results could differ materially from current projections or implied results. Investors should read the risk factors set forth in the Company’s prospectus on Form S-1 filed with the SEC on January 21, 2022, subsequent filings and future periodic reports filed with the SEC. All of the Company’s forward-looking statements are expressly qualified by all such risk factors and other cautionary statements.
The Company cautions that the statements and assumptions made in this press release constitute forward-looking statements and are not guarantees of future performance. Forward-looking statements are based on management’s estimates and opinions at the time the statements are made. The information presented here is only valid as of the date hereof. The Company and its management assume no obligation to revise these statements after the date of this press release.
Brokers and analysts
Expion360 Investor Contact:
Ronald Both or Justin Lumley
CMA Investor Relations
Tel (949) 432-7566
Expo360 media contact:
CMA Media Relations
Tel (949) 432-7572
Contact us by email
THE SOURCE: Expion360 Inc.
See the source version on accesswire.com: