Third 10 kWh Sale in Australia as Pinnacle Continues to Expand its Distribution Capabilities
Wednesday May 10, 5:23 pm ET
VANCOUVER, May 10 /CNW/ - VRB Power Systems Inc. (TSX-V: VRB - News) announces the sale of a third 10 kilowatt-hour VRB Energy Storage System through its Australian distributor Pinnacle VRB Ltd. This VRB-ESS(TM) has been purchased as part of an architect designed sustainable domestic dwelling in the Blue Mountains area of New South Wales.
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VRB Power President, Vince Sorace said "The opportunities for our products in Australia continue to grow and our distribution partner, Pinnacle VRB Ltd. ("Pinnacle"), is actively targeting a growing number of applications. We are pleased that our relationship with Pinnacle is working well and we anticipate a growing order book from this distribution channel."
Colin Andrews, Pinnacle's Executive Director said "This sale has been secured following a detailed site assessment of the energy storage needs of the new dwelling. It is good to see system designers beginning to fully appreciate the economic and environmental advantages of the VRB-ESS. We continue to pursue new opportunities and to negotiate additional follow-on orders for these products."
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
please contact: 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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