Canadian Firm Develops Fast-Charge Ultra-Cap 'Battery'
EPOD International Inc. (the "Company," "EPOD") (OTCBB:EPOIE) (Frankfurt:EDU) is a Grid-Integrated, eco-power utility and electric power systems provider. UBC and EPOD have received approval for a $300,000 grant from the government of Canada for further development on the revolutionary new battery that it has been developing for the last two years in conjunction with the Molecular Mechatronics Lab in the Department of Electrical & Computer Engineering at the University of British Columbia. This battery can be charged in less than one minute and fully cycled over 100,000 times. "It is not made from rare or expensive elements and is comparatively environmentally benign," says Franzi Tschurtschenthaler, Manager of R&D at EPOD. The battery has the potential for both small and large applications. It can be manufactured for small scale applications like cellular phones or larger scale applications such as batteries for Hybrid Motor Vehicles and Wind Mills.
This new hybrid battery combines the high power to weight ratio (power density) found in capacitors which permits for the rapid charge and discharge of power and the high energy stored to volume ratio (energy density) found in batteries which permits the storage of large amounts of energy. The ultimate storage device has both high energy density as well as high power density. Most devices trade one property for the other and excel in either power or energy density. While not being the best in either category, the EPOD Hybrid Battery Super capacitor is the first device of its kind which provides both high energy density and power density. This translates into a storage medium which is robust and can be used in a wider range of applications than any other technology. It has the potential to exceed in performance, and therefore, replace many current available storage technologies.
The NASD has scheduled a meeting with the Company on May 9 to discuss the probable delisting of the Company's stock from the bulletin board. EPOD has been late in filing its financials three times by 2 days to a few weeks over the last 24 months and pursuant to rule 6530(e) faces possible delisting from the OTCBB for a period of 12 months in which case, EPOD would still continue to trade on the pink sheets under the ticker symbol EPOIE.PK in the U.S. and on the Frankfurt exchange under the ticker symbol EDU.F in Germany and would be eligible to regain its OTCBB listing in 12 months. Shareholders would be able to continue trading their shares both on the pink sheets in the US as they did previously on the OTCBB as well as on the Frankfurt exchange. The Company will continue to be fully reporting with the SEC and will continue to file all forms as it has previously done. Over the last 12 months, EPOD has been restructuring itself and has achieved several important milestones including: the acquisition of Mill Creek which increased net asset value for the Company by $13.5M. "We are confident that we will now be in a position to file all forms with the SEC in a timely manner, we are very pleased with our overall progress and are very confident that we will deliver on our business plan and create value for our shareholders in the near future," said Mark Roseborough President of the company.
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