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Vendum Batteries (OTCBB: VNDB), a US-based battery technology development company, is pleased to announce that it has joined the Nano Knowledge Transfer Network (NanoKTN), a Government agency leading and supporting the commercialization of Nano technologies in the UK.
NanoKTN is about networking, establishing industry collaborations, partner brokering and accessing R&D and commercialization grant schemes from £5,000 to £250,000 ($7,500 to $390,000). Vendum expects to successfully obtain grants and begin further research and development to further improve our battery technology and immediately commence with pre production prototypes. Through NanoKTN and working closely with the Universities with the right experience, facilities and people, start up companies like Vendum can build strong supply chain relationships, ensuring long term futures for all parties.
Fraser Cottington, CEO of Vendum batteries, believes involvement with NanoKTN is a vital component to linking with the academic community in a meaningful and focused way and allows us to spread the investment risk, by working with in partnership to achieve common goals, whilst staying at the cutting edge battery technology and design."
About Vendum Batteries Inc.
Vendum Batteries has a pending patent on a non-toxic, carbon-based light-weight battery. The paper-thin battery contains none of the toxic elements used in conventional batteries and its cutting edge carbon nanotube and cellulose-based technology makes it entirely biodegradable. The Vendum Battery will be developed from its current low power capacity, to soon accommodate the ever-increasing global demand for durable battery power for i.e. cell phones, iPods, gadgets, human implants and eventually electrical vehicles etc.
Americans purchase around 5 billion batteries, leaving at least 146,000 tons of battery waste behind, and given that the worldwide personal battery use is a growing $63 billion industry, the potential of this revolutionary non-toxic technology could be enormous.
The role of the NanoKTN is to simplify the nanotechnology Innovation landscape by providing a clear and focused vehicle for the rapid transfer of high-quality information on technologies, markets, funding and partnering opportunities. The NanoKTN programme of work falls into 4 strategic objectives, which cascade down from the key goals of The Technology Strategy Board.
Objective 1: Improved industrial performance through adoption of nanotechnology
Objective 2: Drive knowledge transfer between companies and the research base
Objective 3: Facilitate interactions through networking and event organisation
Objective 4: Providing thought leadership and industry input into UK policy and strategy. The following activities will deliver these objectives and created as a result of consultation with the nanotechnology stakeholder base and development of its internal strategies.
Disclaimer - Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements; projected events in this press release may not occur due to unforeseen circumstances, various factors, and other risks identified in a company's annual report on Form 10-K and other filings made by such company.
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Vendum Batteries Inc.
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