The latest news release needs clarification.
It should read 2500 5KW cell stacks per shift as stated here.In bold.
Message 22109121
and as also verified to me by personal email with the company.
I have contacted the company and expect a clarification soon.
VRB Power Announces Shipment of First 10kWh VRB-ESS and Showcases VRB-ESS Technology at Major Telecoms Trade Show
Tuesday April 4, 9:30 am ET
VANCOUVER, April 4 /CNW/ - VRB Power Systems Inc. (TSX-V: VRB - News) announces the fulfillment of its first 10kWh VRB-ESS order. This unit was assembled at the Company's Richmond facility and has been shipped to the Canadian Government's National Research Council. This VRB-ESS will be used to assess remote wind-diesel applications and the potential of VRB Power's products in off-grid applications for a number of Canadian Government Agencies.
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VRB Power has also completed the assembly and has commissioned the 30kW x 2 hour system for the South Carolina Air National Guard (SCANG). This system will be used for back-up power and to provide power quality enhancement for a tactical radar system in the event of grid disruption. The SCANG VRB-ESS will also be evaluated for widespread adoption in other military applications. This unit is awaiting final delivery instructions from the customer and is expected to ship shortly.
Tim Hennessy, CEO of VRB Power said "This is an important milestone for VRB Power. The delivery of this first 10kWh unit signifies the commencement of the product's rollout plan for the upcoming year and beyond."
"Production at the Richmond facility will increase steadily throughout 2006 reaching full capacity of approximately 2,500 five kilowatt cell stacks and approximately 300 fifty kilowatt cell stacks per year in late 2007," concluded Hennessy.
The delivery of this first 10kWh VRB-ESS comes just ahead of the major cellular trade show, CTIA Wireless 2006, which is taking place in Las Vegas from April 5 - April 7, 2006. Following the recent announcement by VRB Power of Magnetek's Telecom Power Systems Group's ("TPS") intent to purchase 80, five kilowatt systems, TPS and VRB Power are jointly show-casing the VRB-ESS technology for telecom's applications at the CTIA tradeshow.
John Davis, Director of Sales for VRB Power said, "The CTIA Wireless 2006 tradeshow is the largest and most important telecommunication's trade event each year show-casing the latest technology in the cellular industry and visited by thousands of customers. We anticipate much interest in our technology and are now in a position to fulfill orders of customers."
About VRB Power
Headquartered in Vancouver, Canada, VRB Power Systems Inc. is an energy storage technology developer, manufacturer and systems integrator utilizing the patented VRB Energy Storage System ("VRB-ESS(TM)"). The VRB-ESS is a long life, cost effective, low maintenance, efficient technology that allows for the scalability of power and storage capacity independently. It is focused towards stationary applications and can economically store and supply large amounts of electricity on demand. The VRB-ESS is particularly beneficial to renewable energy providers, utilities and end users through the ability to "inventory" electricity, allowing for the optimal match of supply and demand, as well as providing improved power quality, reliability and energy efficiency.
The VRB-ESS is well suited for a variety of applications. Enabling the provision of "firm" capacity from intermittent renewable generation such as wind and solar, Remote Area Power Supplies, backup power supplies for utility sub-station and telecommunication sites, capital deferral models for utilities and load levelling (peak shaving). As a "green" technology, the VRB-ESS is characterized by having a low ecological impact and is unlike most other conventional energy storage systems that rely on toxic substances such as lead or cadmium.
Warning: VRB Power's press releases may contain forward-looking statements. These statements are based on management's current expectations and beliefs which are subject to a number of known and unknown risks and uncertainties (including, but not limited to, the risk factors described in VRB Power's Annual Information Form filed with the British Columbia Securities Commission and available at www.sedar.com) that could cause actual results to differ materially from those expressed or implied in our forward-looking statements. The Company does not assume any obligation to update any forward- looking statements contained in this press release.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Simon Clarke
Executive Vice President, Corporate Development
For further information
VRB Power Systems Inc. at (604) 697-8820
Investor Relations at (604) 697-8835
Or visit the company's web site at: www.vrbpower.com
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