Manufacturers of all types of commercial products - from microchips to cell phones, lawnmowers to automobiles, medical implants to cordless power tools - would benefit from battery technology with better performance that is lighter, smaller, cheaper, safer and greener, and Vendum Batteries Inc. will be working harder than any other company to develop the power capability of our technology sooner.
The company has set a global sales target of US$315 million by the year 2016, by which it aims to have a market share of 0.5%. This market share is a very conservative estimate as the general trend worldwide is toward green and eco-friendly technology.
Americans purchase nearly 3 billion dry-cell batteries every year to power radios, toys, cellular phones, watches, laptop computers, and portable power tools. |