SOURCE: alpha-En Corporation

alpha-En Corporation

March 23, 2016 10:06 ET

alpha-En Corporation Signs Lease for New Product Development Center and Corporate Headquarters

TARRYTOWN, NY--(Marketwired - Mar 23, 2016) - alpha-En Corporation (OTC PINK: ALPE), an innovative clean technology company enabling next-generation battery technologies through the production of high purity lithium metal, announced today it has signed a lease for a new, 8,000 sq. ft facility in Yonkers, New York. This facility will serve as the company's innovation and product development center as well as its global headquarters and corporate office.

"Securing our own product development center is a significant milestone for our company and a major step forward in advancing and commercializing our high purity Lithium products," said Steve Fludder, CEO of alpha-En. "Having validated our core technology with our research partners, we now move into our own dedicated facility where we will operate our advanced process, produce commercial product samples for our global customers, and orchestrate our research and scale-up collaboration with our network of partners; Argonne National Laboratory, Princeton University and the City University of New York."

alpha-En's new facility is located in the innovative iPark Hudson technology and office campus which was the original manufacturing headquarters for Otis Elevators. alpha-En's 8,000 sq. ft space boasts 25 foot ceilings and will be designed with high-tech clean rooms for the laboratory and process equipment as well as executive office space for the global operations of the company. The facility is conveniently located in the revitalized downtown section of Yonkers, with convenient access to all New York airports as well as New York City via the Metro North and Amtrak rail lines.

"We are thrilled to have alpha-En with its clean energy technology at iPark Hudson," said Joe Cotter, President of National Resources, parent of the iPark development. "alpha-En brings the 'creative class' workforce that is the gold standard for job creation. Companies like alpha-En require collaborative and flexible workspaces that foster fast track growth. That is what iPark is all about."

alpha-En expects to move into its new facility in the Spring of this year.

About alpha-En Corporation
alpha-En Corporation (OTC PINK: ALPE) is an innovative clean technology company focused on enabling next generation battery technologies by developing and bringing to market high purity lithium metal and associated products produced in an environmentally sustainable manner. For more information, please visit http://alpha-encorp.com.

Safe Harbor
Except for the historical information herein, the matters discussed in this news release may include forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current knowledge, assumptions, judgment and expectations regarding future performance or events. Although management believes that the expectations reflected in such statements are reasonable, readers are cautioned not to place undue reliance on these forward-looking statements, as they are subject to various risks and uncertainties that may cause actual results to vary materially. alpha-En Corporation assumes no obligation to update the information in this release. Reference to the Company's website above does not constitute incorporation of any of the information thereon into this press release.

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