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Technology Stocks : Vanteck (vrb-cdnx, vttcf) -- Ignore unavailable to you. Want to Upgrade?

To: Dan P who wrote (42)	4/12/2001 7:41:34 PM
From: dean poets	Respond to of 413

Vanteck (VRB) Technology Corp - News Release Vanteck's Pinnacle enters agreement with Int-A-Grid Vanteck (VRB) Technology Corp VRB Shares issued 19,770,445 2001-04-11 close $2.04 Wednesday Apr 11 2001 News Release Mr. Rodney Duncan reports Pinnacle VRB Limited (Pinnacle), an Australian Stock Exchange listed company in which Vanteck (VRB) Technology is the largest shareholder at 19.99 per cent, filed with the ASX the following news release. "Pinnacle VRB Limited (Pinnacle) is pleased to report that it has entered into a memorandum of understanding with Int-A-Grid (UK) Ltd. (Int-A-Grid). Int-A-Grid has been granted the sole and exclusive rights, as Pinnacle's agent, to promote, develop and market the Vanadium Redox Battery Technology (VRB) within Europe, Russia and the Middle East (the territory). As consideration, Pinnacle will obtain, at no cost to Pinnacle, a minimum of 25 per cent of the issued share capital of Int-A-Grid. On each and every sale of the VRB technology by Int-A-Grid, Pinnacle will earn fees. Pinnacle will also obtain one seat on the board of directors of Int-A-Grid. The agreement is for a term of five years and at the conclusion of that time can be renewed annually. Pinnacle will grant Int-A-Grid permission to use Pinnacle's VRB intellectual property through the issuance of individual project licences, subject to a certified audit of each installation. The rights granted to Int-A-Grid by Pinnacle are subject to the non-exclusive licence agreement between Unisearch, previous owner of the VRB technology, and Mitsubishi Petrochemical Limited and KashimaKita Electric Power Corporation of Japan (Mitsubishi licence) and any rights that may be attributable to Sumitomo Electric Industries. A marketing and collaboration agreement that will detail the commercial and operating terms between Pinnacle and Int-A-Grid will follow the memorandum of understanding. A provision of this agreement will be that Int-A-Grid will enter into a management contract to build, own and operate (BOO) VRB units that will have the capacity to meet the needs of one major power utility for a five-year period. Int-A-Grid is to be an incorporated joint venture between European investors and Pinnacle essentially to develop the technology in the territory starting in Europe as a BOO service provider. The finances for such installations will be provided to Int-A-Grid by investors. Negotiations with potential investors, utilities, with debt financiers and engineering specialists are well advanced and being facilitated by Global Pacific Group Ltd. (Global). Global is working in Europe with Macquarie Bank Ltd. out of London and with the EGIS Group out of Paris. The EGIS Group is a large international consulting and project management company based in France. Further information on EGIS can be viewed on their Web page (www.egisgroup.net). The Int-A-Grid agreement and alliance completes a suite of agreements that will enable the VRB technology to be marketed in all major market areas through marketing and collaboration agreements rather than any further selling down of licences. The Int-A-Grid agreement, along with the recently released agreement with Vanteck (VRB) Technology Corporation, successfully positions Pinnacle to have the VRB technology introduced into key world markets. Rather than follow a licensing business model and limit the building of shareholder value, these agreements will provide Pinnacle with considerable equity participation. This equity participation establishes immediate value for Pinnacle as well as continuing income streams that will result in future value for Pinnacle shareholders." (c) Copyright 2001 Canjex Publishing Ltd. canada-stockwatch.com

To: Dan P who wrote (42)	5/12/2001 11:56:48 AM
From: dean poets	Read Replies (1) \| Respond to of 413

Vanteck (VRB) Technology Corp - News Release Vanteck provides status of South African VRB trial Vanteck (VRB) Technology Corp VRB Shares issued 19,770,445 2001-05-10 close $1.74 Friday May 11 2001 News Release Mr. Rodney Duncan reports Vanteck (VRB) Technology has provided the following update on the status of the Vanadium redox battery (VRB) -- Vanadium energy storage system (VESS) that will be trialled by TSI/Eskom of South Africa: All initial site work (excavation, footings, concrete and steelworks) is scheduled for completion the week of May 14/18. The cell stacks were shipped ex-Japan by sea on April 29, 2001, and are scheduled to arrive in South Africa at the end of May, 2001. Vanteck's technical consultants Telepower Australia witnessed the cell stacks being performance tested at Sumitomo Electric Industries (SEI) Osaka works prior to shipment. The Vanadium electrolyte required for the VRB/VESS system is under production in South Africa by Vanteck/Highveld Steel and Vanadium Corporation. Component installation will be carried out during the second half of May and early June, 2001. Commissioning of the VRB/VESS system is scheduled to be completed by about mid-June, 2001. As previously reported TSI/Eskom of South Africa has agreed to trial for purposes of uninterruptible power supply (UPS) an initial 250-kilowatt-hour to 520-kilowatt-hour constant power VRB connected to a 400 VAC line in Cape Town, South Africa, along with a range of other power utility application tests. The TSI/Eskom demonstration test is to protect sensitive load equipment against short duration dips and line interruptions and to improve line power quality. The cell stacks for the TSI/Eskom unit have been purchased from Sumitomo Electric Industries Ltd. of Japan. The other components, have been secured primarily in South Africa in conjunction with Vanteck's alliance partners namely Highveld Steel and Vanadium Corporation and TSI/Eskom. Project co-ordination is being undertaken by Vanteck's primary technical consultants Telepower Australia. The TSI/Eskom VRB/VESS unit is the first and largest system to be independently engineered, assembled and installed outside of Japan and will be the first independent trial of the VRB technology outside of Japan. As part of Vanteck's commercialization strategy for the VRB technology in South Africa and the African market Vanteck, as previously reported (see Stockwatch Aug. 11, 2000), has entered into a tripartite heads of agreement with TSI-Eskom and Highveld Steel and Vanadium Corporation Limited of Witbank, South Africa. Highveld is a substantial steel and ferro-alloy producer and is a significant producer of vanadium. (The company, as reported in Stockwatch April 26, 2000, has a separate alliance agreement with Highveld.) Eskom is the fifth largest power utility in the world and the dominant South African power utility supplying approximately 95 per cent of the country's electricity requirements which amounts to more than half of the electricity generated on the African continent. Eskom has 26,461 kilometres of transmission lines, which span the entire country and also carry power to neighbouring countries. As a member of the Southern African Power Pool (SAPP), which consists of 12 national utilities, Eskom also supports the development of a southern African transmission grid to encourage co-operation and accelerate economic growth in the region. The Vanteck, TSI, Highveld alliance has been formed for the purpose of among other things: (i) having TSI identify and host certain demonstration trial sites for Vanteck's Vanadium redox battery (VRB)/Vanadium energy storage system (VESS); (ii) establishing through demonstration trials the further development of the technology as an energy storage system for the South Africa and African market for which TSI operates; and (iii) providing a framework for the parties to bring together their particular strengths and credibility as well as their technical and operational resources with respect to the commercialization of the technology. Pinnacle VRB Limited an Australian Stock Exchange-listed company holds the intellectual property rights to the VRB technology subject to certain licences and agreements. Vanteck is Pinnacle's largest individual shareholder at 19.99 per cent. (c) Copyright 2001 Canjex Publishing Ltd. canada-stockwatch.com