March 24, 2011 - Marketwire -- Vendum Batteries (OTCBB: VNDB), a US-based battery technology development company, joined the Nano Knowledge Transfer Network (NanoKTN), a Government agency leading and supporting the commercialization of nanotechnologies in the UK.
NanoKTN is about networking, establishing industry collaborations, partner brokering and accessing R&D and commercialization grant schemes from £5,000 to £250,000 ($7,500 to $390,000). Vendum expects to successfully obtain grants and begin further research and development to further improve its battery technology and immediately commence with pre-production prototypes. Through NanoKTN and working closely with universities, start-up companies like Vendum can build strong supply chains.
Fraser Cottington, CEO of Vendum batteries, believes involvement with NanoKTN is a vital component to linking with the academic community in a meaningful and focused way and allows the company to spread the investment risk, by working with in partnership to achieve common goals, in high-tech battery technology and design.
The NanoKTN aims to simplify the nanotechnology innovation landscape by providing a clear and focused vehicle for the rapid transfer of high-quality information on technologies, markets, funding and partnering opportunities. Objectives include: Improved industrial performance through adoption of nanotechnology; Drive knowledge transfer between companies and the research base; Facilitate interactions through networking and event organization; Provide thought leadership and industry input into UK policy and strategy.
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 carbon nanotube and cellulose-based technology makes it entirely biodegradable. For more information please visit www.vendumbatteries.com