SOURCE: Vendum Batteries Inc.

Vendum Batteries Inc.

March 15, 2011 09:36 ET

Vendum Batteries Announces Prototype R&D Program

EL SEGUNDO, CA--(Marketwire - March 15, 2011) -  Vendum Batteries (OTCBB: VNDB), a US-based battery technology development company, is pleased to announce the launch of a new prototype research and development program.

The 6 month program, run by Vendum, will create multiple prototype materials and run extensive tests, the results of which will be used to develop functioning battery prototypes over the coming 18 months, but should also take us in new directions other than clean energy.

CEO Fraser Cottington comments, "As a company on the cutting edge of battery technology, research and development plays a vital role in our growth strategy. We are extremely excited about the program and I have no doubt the findings will open up fantastic opportunities for collaborative partnerships. We also look forward to the prospect of developing further intellectual property in the clean energy storage market, including cellulose paper based super capacitors."

Vendum is currently developing a Carbon Nanotube (CNT) and cellulose-based power source, ultimately aimed at revolutionizing the way we power mobile device to cars. Composed primarily of cellulose, raw materials are abundant across the world and fully biodegradable, therefore cost effective and harmless to the planet and people.

About Vendum Batteries, Inc.
Vendum Batteries has a pending patent on a non-toxic, cellulose and CNT based light-weight battery. The paper-thin battery contains none of the toxic elements used in conventional batteries, such as mercury, lead, chromium, or cadmium. Our 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.

Contact Information