September 5, 2018 - 1:34 PM EDT
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Braille Energy Systems Announces the Completion of Test Trials of Customized Lithium Batteries for Commercial Drones

OTTAWA, Sept. 05, 2018 (GLOBE NEWSWIRE) -- Braille Energy Systems Inc. (formerly Mincom Capital Inc.) (TSX-V : BES ) (“BESI” or “Braille” or the “Company”) is pleased to announce the completion of Braille Battery’s test trials for its customized lithium batteries for commercial drone applications such as Aerial LiDAR surveys, Aerial Photogrammetry and other Aerial Inspections. Braille Battery Inc. is owned 100% by Braille Holdings Inc. and BESI, formerly Mincom Capital Inc., purchased 89.95% equity interest in Braille Holdings Inc. For more details on the transaction, please refer to www.sedar.com .

With the market for commercial drones, also known as unmanned aerial vehicles (UAVs) projected to surpass $12 billion in 2021, up by a compound annual growth rate (CAGR) of 7.6% from $8.5 billion in 20161, Braille Battery is extremely pleased with the results of its trials and the achievement of meeting another key milestone.

With the trials demonstrating that Braille Battery batteries provided longer discharge cycles – with significantly less weight – than the incumbent battery, Braille Battery has secured an initial request to retrofit existing UAV drones in operation valued at a minimum of $500,000 USD.

Lindsay Weatherdon, President of Braille Battery states: “We’re seeing businesses across a wide gamut of industries embracing the commercial appeal of UAVs to positively impact their bottom line. From companies such as Amazon exploring product delivery, to innovative applications in both media coverage and filmmaking, we’re witnessing a paradigm shift in how industries are evolving their respective processes by implementing UAVs into their workflow. Overall – each implementation represents a ready opportunity for Braille Battery and we will be there to power it.”

About Braille Energy Systems Inc.

Braille Energy Systems Inc. holds a 89.95% equity interest in Braille Holdings Inc., which holds a 100% equity interest in Braille Battery Inc. Braille Battery is an established battery-manufacturing and energy storage company supplying batteries to the professional motor sports industry and the pioneer of a complete line of lightweight high powered battery systems for the transportation market. Braille Energy Systems (BESI) will expand its market penetration into a wider range of market segments that require light weight, high-performing energy solutions, using the most scientifically advanced materials.

Markets need better performing energy storage solutions to satisfy the huge growth expected in many different sectors like electric vehicles, solar and wind energy storage as well as portable electronic devices. With two manufacturing locations in North America, BESI will provide customers with security of supply, off-the-shelf shipments and superior service.

BESI will penetrate key market segments with superior product performance utilizing graphene based materials.

Disclaimer & Forward Looking Statement

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain information included in this press release is forward-looking and may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with Braille's growth, the state of the financial markets, regulatory risks and other factors. Forward-looking statements included or incorporated by reference in this press release include statements with respect to proposed terms of the private placement transaction. There can be no assurance that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, Braille disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on any statements of forward-looking information that speak only as of the date of this release. More detailed information about potential factors that could affect Braille's financial and business results is included in public documents Braille files from time to time with Canadian securities regulatory authorities and which are available at www.sedar.com.

      1.        https://www.businessinsider.com/commercial-uav-market-analysis-2017-8

Braille Energy Systems Inc.
Judith Mazvihwa-MacLean
CFO
613-447-8521
[email protected]

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Source: GlobeNewswire (September 5, 2018 - 1:34 PM EDT)

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