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10 May 2007 HEADLINE |
Canadian Firm Develops Fast-Charge Ultra-Cap 'Battery'
Source: EPOD/UBC
Class: PRESS RELEASE
SYNOPSIS: 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.
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.
Reader Comments
16 comments so far...
10-May-2007
56156
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Sounds like Eestor's product and just as dubious.
Posted by: jw ogden
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10-May-2007
56153
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Interesting to think that such a small-cap company could be banking so heavily on an ultra-cap...
Posted by: Peter M
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10-May-2007
56154
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Goes to show you , that you can't tell a Canadian that it can't be done.
They will only do it because they don't believe anything is impossible.
Now about that impossible 35 miles per gallon......hmm, don't tell a Canadian that it is impossible or he will do it and make you look like a fool in front of everybody.
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