Articles from MBAK Energy Solutions Inc

SEOUL, South Korea and SHENZHEN, China and WILMINGTON N.C., Feb. 03, 2026 (GLOBE NEWSWIRE) -- MBAK Energy Solutions, Inc. (OTC:MBAK) Board of Directors has authorized the repurchase of up to $500,000 of the Company’s common stock in compliance with SEC Rule 10b-18. The repurchase will be funded through existing cash reserves and payments generated from recent order fulfillment. The company expects to begin buying back stock immediately and will continue periodically throughout Calendar Year 2026 until the target is met.

SEOUL, South Korea and SHENZHEN, China and WILMINGTON, N.C., Jan. 26, 2026 (GLOBE NEWSWIRE) -- MBAK Energy Solutions, Inc. (OTC:MBAK) is pleased to announce that Mr. Hanbin Youn will assume the role of Chief Product Designer, working directly with Chairman Boos. Hanbin brings over a decade of electric vehicle and automotive design expertise with a professional portfolio including tenures at Honda, VW/Audi Group, Faraday Future, Karma Automotive, Geely Automotive; and most recently as Chief Designer for GAC’s Hyptec brand. He led the design of the FFZERO1 and FF91 at Faraday Future, as well as the Karma Kaveya concept at Karma Automotive. His unique skillset bridges the gap between creative vision and production reality, encompassing 2D and 3D design, the technical rigors of production execution, and the strategic cross-functional communication skills necessary to lead diverse engineering and design teams. Hanbin is a 2013 graduate of the ArtCenter College of Design (BS in Transportation Design).

SEOUL and SHENZHEN, China and WILMINGTON, N.C., Jan. 20, 2026 (GLOBE NEWSWIRE) -- MBAK Energy Solutions, Inc. (OTC:MBAK) is pleased to welcome Tony W. Tsai as Chief Strategist and Business Development Officer and Al Vaks as Business Development Manager for the Middle East and North Africa (MENA). Tony and Al bring a wealth of talent and experience in market development, compliance, and sector expertise that will further position the company to capitalize on its 2025 successes and continue to grow into the sustainable energy management and electric mobility sectors.

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.

SEOUL, South Korea and SHENZHEN, China and WILMINGTON, N.C., Dec. 23, 2025 (GLOBE NEWSWIRE) -- MBAK Energy Solutions, Inc. (OTC:MBAK) is partnering with the University of Michigan Perot-Jain TechLab (PJTL) and Center for Entrepreneurship (CFE) through its Kenyan distribution partner, Carbon Zero Mobility, Ltd. (CZM) to improve the “open-source” charging mechanisms that are basic kit for the MBAK manufactured Dominion™ line of e-motorcycles that CZM is bringing to market in Kenya. The charger design and ruggedization project will analyze the current charging block, make improvements to the kit to maximize ease-of-use, charger ruggedization, broad compatibility, and energy use recording and metering. The team will then “prototype” the improvements, optimize the improved kit for manufacture, and return the updated specifications to MBAK for incorporation into the manufacturing process. Both Patrick Kimathi, CEO of CZM, and Chairman Boos are optimistic that this project will pay dividends for both organizations by leveraging the academic and design expertise of the PJTL to stay at the forefront of innovation in e-mobility.

SEOUL, South Korea and SHENZHEN, China and WILMINGTON, N.C., Dec. 10, 2025 (GLOBE NEWSWIRE) -- MBAK Energy Solutions, Inc. (OTC:MBAK) has begun delivering on the $65,000,000 USD in production orders booked for 2026. Deliveries include against the BESS order for the Indian power grid, delivery of electric two and three-wheeler personal transports, and battery cells for data center power facilities. The BESS contract directly supports Indian efforts to increase national energy production capacity through renewable sources of electricity generation and storage. The company continues to field enquiries from power providers and commercial users across the region, and into North America.

SEOUL, South Korea and SHENZHEN, China and WILMINGTON, N.C., Dec. 03, 2025 (GLOBE NEWSWIRE) -- MBAK Energy Solutions, Inc. (OTC:MBAK) (f/k/a Alternet Systems, Inc.) has signed firm production orders for 2026 amounting to a total of 65.000.000 USD. The record breaking sales turnover include the original contract for 100 MWh to an Indian power grid which has been expanded to 350 MWh as well as manufacturing of battery cells for the growing data center market. BESS units are a vital link in the sustainable scaling of renewable energy production as they provide storage and line balancing to the grid for consistent power delivery. The MBAK contract is in direct support of Indian efforts to increase national energy production capacity through the exploitation of renewably sourced electricity generation and storage. Additionally, steady enquiries have been coming from other South East Asian nations as well as the USA.

SEOUL, South Korea and SHENZHEN, China and WILMINGTON, N.C., Dec. 01, 2025 (GLOBE NEWSWIRE) --

SEOUL, South Korea and SHENZHEN, China and Wilmington, N.C., Nov. 17, 2025 (GLOBE NEWSWIRE) -- MBAK Energy Solutions, Inc. (OTC:ALYI) (f/k/a Alternet Systems, Inc.) reported $2.1 million in new revenue for 3rd Quarter 2025. This is a $1.9 million increase over the Q3 2024 report and reflects the positive impact of the company’s new management and business focus.

SEOUL, South Korea and SHENZHEN, China and WILMINGTON, N.C., Nov. 17, 2025 (GLOBE NEWSWIRE) -- MBAK Energy Solutions Inc (OTC:ALYI) has begun manufacturing of battery cells as part of a BESS (Battery Energy Storage System) contract fulfillment delivery to an Indian power grid customer. According to the terms of the agreement of September 23, 2025, MBAK will initially deliver 20 units with a storage capacity of 100 Mwh by April 30, 2026. BESS are a vital link in the sustainable scaling of renewable energy production as they provide storage and line balancing to the grid for consistent power delivery. The MBAK contract is in direct support of Indian efforts to increase national energy production capacity through the exploitation of renewably sourced electricity generation and storage.