SEOUL, South Korea and SHENZHEN, China and WILMINGTON, N.C., Jan. 14, 2026 (GLOBE NEWSWIRE) -- MBAK Energy Solutions, Inc. (OTC:MBAK) has nominated Dr. Konda Shiva to the MBAK board of directors. Holder of 8 patents and author of a dozen peer-reviewed publications, Dr. Shiva’s extensive background in electrical energy storage and distribution innovation dates back to his post-doctoral work at the University of Texas with Nobel Laureate Prof. John Goodenough and his work in battery development with Nissan’s ...

Core Insights - MBAK Energy Solutions, Inc. has commenced delivery on $65 million in production orders for 2026, including contracts for the Indian power grid and electric personal transports [1] - The company is focused on renewable energy solutions, particularly through its Battery Energy Storage System (BESS) contract aimed at enhancing India's energy production capacity [1] - Demand for MBAK's electric two-wheelers remains robust across Europe, India, and Africa, attributed to the company's innovation and quality [2] Group 1 - MBAK Energy Solutions has secured $65 million in production orders for 2026, which includes BESS for the Indian power grid and battery cells for data centers [1] - The BESS contract supports India's initiative to boost renewable energy generation and storage capacity [1] - The company is receiving inquiries from power providers and commercial users in both regional and North American markets [1] Group 2 - The demand for MBAK's mobility products, particularly electric two-wheelers, is strong due to the company's reputation for innovation, reliability, safety, and quality [2] - MBAK specializes in the development and manufacturing of non-fossil fuel energy products, including lithium, sodium, and solid-state batteries for various applications [2]

SEOUL, South Korea and SHENZHEN, China and WILMINGTON, N.C., Dec. 01, 2025 (GLOBE NEWSWIRE) -- MBAK Energy Solutions, Inc. (OTC:MBAK) (f/k/a Alternet Systems, Inc.) completed all regulatory processes to change the company’s ticker symbol from ALYI to MBAK on the OTCID market. This change became effective on 28 November 2025 where the company is now listed as OTC:MBAK. MBAK Energy Solutions, Inc. is engaged in the development, manufacturing, and commercialization of non-fossil fuel energy products. The comp ...

Group 1 - MBAK Energy Solutions, Inc. reported $2.1 million in new revenue for Q3 2025, marking a $1.9 million increase compared to Q3 2024 [1] - The revenue growth reflects the positive impact of the company's new management and business focus [1] Group 2 - The company is engaged in the development, manufacturing, and commercialization of non-fossil fuel energy products [2] - MBAK Energy Solutions has expertise in designing and producing lithium, sodium, and solid-state batteries for various applications, including industrial, medical, portable electronics, and electric vehicles [2]

Company Performance - MBAK Energy Solutions, Inc. reported $2.1 million in new revenue for Q3 2025, marking a $1.9 million increase compared to Q3 2024 [1] - The revenue growth reflects the positive impact of the company's new management and business focus [1] Company Overview - MBAK Energy Solutions, Inc. is involved in the development, manufacturing, and commercialization of non-fossil fuel energy products [2] - The company specializes in the design and production of lithium, sodium, and solid-state batteries for various applications, including industrial, medical, portable electronics, and electric vehicles (EV) [2]