11:04:28 EDT Sat 19 Sep 2020
Enter Symbol
or Name
USA
CA



Vanadiumcorp Resource Inc
Symbol VRB
Shares Issued 255,814,928
Close 2019-09-30 C$ 0.06
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Vanadiumcorp to open R&D facility in Germany

2019-09-30 12:50 ET - News Release

Mr. Adriaan Bakker reports

VANADIUMCORP VRFB FACILITY TO OPEN IN GERMANY

Vanadiumcorp Resource Inc. plans to open a vanadium redox flow battery (VRB, VRFB) research and development facility in Karlsruhe, Germany, focused on next-generation flow battery innovation.

"We are in detailed negotiations with potential manufacturers and end-users. An engineering team of industry veterans will be led by our new chief technology officer, Dr. Gilles Champagne," commented Adriaan Bakker, chief executive officer of Vanadiumcorp. "Focusing on sustainability and innovation for the last 12 years has led Vanadiumcorp to what may facilitate the electrification of mobile applications such as vehicles, trains and ships. Innovation of the VRFB would also benefit the global energy storage market as it shifts towards long-duration grid-connected systems."

The company would also like to clarify disclosure from Sept. 26, 2019, published on batteriesinternational.com. Vanadiumcorp has identified key improvements over current technology to increase the energy density of vanadium electrolyte as well as the power density of the conventional stack in a VRFB. Vanadiumcorp intends to integrate vanadium directly into its own battery systems at a future date and is not currently producing VRFBs. Further announcements regarding the future VRFB facility in Germany will be announced in the fourth quarter of 2019.

About Vanadiumcorp Resource Inc.

Vanadiumcorp is developing dedicated vanadium supply and disruptive technologies for energy storage with a 100-per-cent green mandate.

We seek Safe Harbor.

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