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Technology Stocks : Vanteck (vrb-cdnx, vttcf)

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To: gg cox who wrote (153)	9/26/2004 11:52:23 PM
From: gg cox	Read Replies (1) of 413

Regenesys Holdings invests US$2.8 million in VRB Power after licence deal Canadian Press Friday, September 24, 2004 ADVERTISEMENT VANCOUVER (CP) - VRB Power Systems Inc. is gaining a $2.8-million-US investment from Regenesys Holdings of Britain after obtaining a global licence for electricity storage technology from parent company RWE Npower PLC. Vancouver-based VRB Power is acquiring the licence and all related physical assets and inventory surrounding the storage technology for $1.3 million US. At the same time, Regenesys Holdings is buying 3.6 million common shares of VRB Power at 99 cents each. The licence will remain exclusive for the first five years, with provisions for extension based on certain royalty payments. VRB Power Systems (TSXV:VRB) is an electrochemical energy storage company that has commercialized the Vanadium Redox battery energy storage system. RWE Npower is an integrated British energy business that generates electricity and supplies gas and electricity. On the TSX Venture Exchange, VRB Power shares last traded at $1.10. © The Canadian Press 2004 canada.com

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