VanadiumCorp VRFB Facility to Open in Germany
VanadiumCorp VRFB Facility to Open in
Germany
VANCOUVER
,
Sept. 30, 2019
/CNW/ - VanadiumCorp Resource Inc. (TSX-V: "VRB") (the
"Company") is pleased to announce its 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
September 26, 2019
published on
www.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 VRFB's. Further announcements
regarding the future VRFB facility in
Germany
will be announced in the fourth quarter of 2019.
VanadiumCorp Resource Inc.
is developing dedicated vanadium supply and disruptive technologies
for energy storage with a 100% green mandate. More information on active projects and new
vanadium energy technologies can be found on The Company's website at
www.vanadiumcorp.com
.
On behalf of the board of VanadiumCorp:
Adriaan Bakker
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release
.
Cautionary & Forward-Looking Statements
This release contains forward-looking statements. All statements other than statements of present
or historical fact are forward-looking statements, including statements with respect to the
anticipated use of Private Placement proceeds and anticipated receipt of final TSX Venture
Exchange acceptance for the Private Placement. Forward-looking statements include words or
expressions such as "will", "subject to", "expect" and other similar words or expressions. Factors
that could cause future results or events to differ materially from current expectations expressed or
implied by the forward-looking statements include general business, economic, competitive,
political and social uncertainties; the state of capital markets and risks that may impact the
Company's business, operations and financial condition. Although the Company believes that the
expectations reflected in these forward-looking statements are reasonable, undue reliance should
not be placed on them because the Company can give no assurance that they will prove to be
correct. Since forward-looking statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Additional information on these and other
factors that could affect the Company's operations and financial results are included in reports on
file with Canadian securities regulatory authorities and may be accessed through the SEDAR
website (
www.sedar.com
). We disclaim any obligation to update or revise these forward-looking
statements, except as required by applicable law.
SOURCE
VanadiumCorp Resource Inc.
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%SEDAR: 00005245E
For further information:
Adriaan Bakker, President and CEO, VanadiumCorp Resource Inc., (TSX-
V: "VRB"), By phone: 1-604-385-4489, By email: [email protected], Website:
www.vanadiumcorp.com
CO: VanadiumCorp Resource Inc.
CNW 09:15e 30-SEP-19