SOURCE: Vendum Batteries Inc.
EL SEGUNDO, CA--(Marketwire - Aug 8, 2012) - Vendum Batteries (OTCQB: VNDB) (PINKSHEETS: VNDB), a battery technology development company, has identified a significant opportunity in the market for electronic greeting cards.
Vendum is aiming to cooperate with Green Greeting Card Companies and other major producers such as Hallmark for use of the Vendum carbon nanotube paper batteries in greeting cards.
CEO Rune Vind comments, "Using Vendum's paper‐based carbon nanotube battery is a logical next step for the major producers of greeting cards. Using our battery as part of the paper for the greeting card will bring great benefits to the environment, while making the production of the greeting cards themselves simpler and easier."
Global Industry Analysts Inc. expects the global market for greeting cards to exceed $30.4 billion in 2015, and Hallmark is with a $4 billion revenue in 2009 by far the biggest producer. A Letter of Intent with Hallmark for delivery of paper battery greeting cards could significantly ramp up the revenue for Vendum by 2016.
"We are very excited by this opportunity -- greeting cards is a logical first step for our paper-based battery solution, and it is sure to bring further revenue streams with it in the future," concludes Rune.
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.
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