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Vendum Batteries (OTCBB: VNDB), a battery technology development company, is pleased to announce it is about to sign a 3 year deal investing in new laboratory services in Cambridge, United Kingdom.
The full-equipped laboratory sits at the heart of a major technology park and is situated close to Cambridge University. The space will be used for all internal research and development over the next 36 months.
CEO Fraser Cottington comments, "Expanding our internal research and development facilities will provide further opportunities to push the boundaries of current battery technology. We are already underway with cutting-edge research in a number of key areas, with exciting developments to come in the very near future."
Research undertaken will include the development of future battery and super capacitor applications, including prototypes, new material composites, intellectual property and potential patents.
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 cell phones, iPods, human implants and eventually electrical vehicles, etc. Americans purchase around 5 billion batteries, leaving 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.
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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