SOURCE: Vendum Batteries Inc.
EL SEGUNDO, CA--(Marketwire - Jul 31, 2012) - Vendum Batteries (OTCBB: VNDB), a battery technology development company, is delighted to announce the appointment of Mr. Kyungsoo Oh as a non-executive member of the Advisory Board.
Mr. Oh joins the Vendum team as a highly respected member of the nanomaterials community with many years of hands‐on experience in industry and academia in leading development of cutting‐edge applications of carbon nanomaterials. He has a number of patents and publications in leading scientific journals related to carbon nanomaterials synthesis and their applications.
Rune Vind, CEO of Vendum, believes that Mr. Oh's appointment marks the next phase in the company's development as a world‐renowned name in clean energy storage: "We are very excited about working with Mr. Oh. He understands new materials and how to deliver technical solutions in multiple industry applications. His expertise will help drive the company forward towards new and exciting frontiers in a number of clean energy market sectors."
Mr. Oh comments: "I am very pleased with the appointment and an opportunity to help forward-looking company such as Vendum with my experience, reputation and network of contacts especially in a field of carbon micro electronics and nano‐materials. I look forward to working with Rune and the Vendum team playing my part to push the boundaries of their current battery and bring exciting developments to the clean energy storage industry. I admire the company's ethos of innovation and their willingness to tackle the industry challenges of creating solutions that do not require rare metals and look forward to supporting their research and development team during the coming months and years."
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, gadgets, 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.