EL SEGUNDO, CA--(Marketwire - Aug 7, 2012) - Vendum Batteries (OTCQB: VNDB) (PINKSHEETS: VNDB), a battery technology development company, has decided that along with the UK and EU funding route, Vendum shall head to the US and meet with Venture Capital, Investment Banks, and high net worth investors as it seeks to build its operations and technology.
CEO Rune Vind explains, "Vendum is and has been making massive strides in its advances both with business and technology, therefore the company felt it was time to bring in significant capital to business to allow further growth."
With a wealth of investor contacts across two continents the company believes that finding the right financial partner is critical in global expansion.
"Our two week road show to investors across North America will allow us to select the best possible financial partners," Rune concludes.
About Vendum Batteries Inc.
Vendum Batteries has a pending patent on a non-toxic, carbon-based light-weight battery. The paper-thin battery contains none of the toxic elements used in conventional batteries and its cutting edge carbon nanotube and cellulose-based technology makes it entirely biodegradable. The Vendum Battery will be developed from its current low power capacity, to soon accommodate the ever increasing global demand for durable battery power for cell phones, iPods, gadgets, human implants and eventually electrical vehicles, etc.
Americans purchase around 5 billion batteries, leaving 146,000 tons of battery waste behind, and given that the worldwide personal battery use is a growing $63 billion industry, the potential of this revolutionary non-toxic technology could be enormous.
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