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MBAK Energy Solutions, Inc. (OTC:MBAK) announces new Chief Product Designer
Globenewswire· 2026-01-26 13:00
Company Overview - MBAK Energy Solutions, Inc. is focused on the development, manufacturing, and commercialization of non-fossil fuel energy products, including lithium, sodium, and solid-state batteries for various applications such as industrial, medical, portable electronics, and electric vehicles [2]. Leadership Announcement - Mr. Hanbin Youn has been appointed as Chief Product Designer, bringing over a decade of experience in electric vehicle and automotive design, having worked with notable companies such as Honda, VW/Audi Group, and Faraday Future [1]. - Hanbin Youn's portfolio includes leading the design of significant projects like the FFZERO1 and FF91 at Faraday Future, and the Karma Kaveya concept at Karma Automotive, showcasing his expertise in bridging creative vision with production realities [1]. Skills and Education - Hanbin Youn possesses a unique skill set that includes 2D and 3D design, production execution, and strategic communication, essential for leading diverse engineering and design teams [1]. - He is a graduate of the ArtCenter College of Design with a Bachelor of Science in Transportation Design, class of 2013 [1].
MBAK Energy Solutions, Inc. (OTC:MBAK) Nominates Dr. Konda Shiva to the Board of Directors
Globenewswire· 2026-01-14 13:00
Company Overview - MBAK Energy Solutions, Inc. is focused on the development, manufacturing, and commercialization of non-fossil fuel energy products, with expertise in lithium, sodium, and solid-state batteries for various applications including industrial, medical, portable electronics, and electric vehicles [4]. Leadership Appointment - Dr. Konda Shiva has been nominated to the MBAK board of directors, bringing a wealth of experience in electrical energy storage and distribution innovation [1][2]. - Dr. Shiva holds 8 patents and has authored numerous peer-reviewed publications, with a background that includes post-doctoral work at the University of Texas and battery development at Nissan's Battery Research and Development Center [2]. Strategic Positioning - Dr. Shiva is the founder and CEO of AACCENOS Solutions Pvt. Ltd., where he leads initiatives in battery technology development and energy innovation, particularly for electric mobility and grid-scale energy storage [2]. - His expertise positions MBAK to capitalize on the growing demand for grid-scale electric energy, especially as Middle Eastern countries transition to sustainable energy and expand data center infrastructure [2]. Vision and Goals - Dr. Shiva is passionate about translating scientific research into commercially viable solutions, which he aims to bring to his role as an independent director on the MBAK board [3].
MBAK Energy Solutions, Inc. (OTC:MBAK) begins delivery to Indian Customers – part of $65 Million in 2026 Order fulfillment
Globenewswire· 2025-12-10 14:23
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]
MBAK Energy Solutions, Inc. begins trading under new OTC Ticker - OTC:MBAK
Globenewswire· 2025-12-01 06:00
Company Overview - MBAK Energy Solutions, Inc. is focused on 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] Regulatory Update - The company has completed all regulatory processes to change its ticker symbol from ALYI to MBAK on the OTCID market [1] - This change became effective on November 28, 2025, and the company is now listed as OTC:MBAK [1]
MBAK Energy Solutions, Inc. records $2 Million USD in Revenue for Q3 2025
Globenewswire· 2025-11-17 18:30
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]
MBAK Energy Solutions, Inc. records $2 Million USD in Revenue for Q3 2025
Globenewswire· 2025-11-17 18:30
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]