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VRB Power supplies 5kW x 4hr VRB-ESS(TM) to large Canadian Telecommunications provider for
10th May, 2007
VRB Power Systems Inc. (TSX-V: VRB) announces the supply of a 5kW x 4hr VRB Energy Storage System(TM) (VRB-ESS) to one of the largest Canadian telecommunications providers for deployment at a remote telecommunications site in British Columbia. The system is provided on a trial basis with defined performance targets that will initiate the purchase of the unit by the customer.
The system will be coupled with diesel generators and evaluated both in terms of providing uninterrupted power supply to the site and its ability to significantly reduce the amount of diesel fuel consumption, emissions and maintenance costs relating to the generators. VRB Power believes the unique ability of the VRB-ESS to run the site for a number of hours without depleting its UPS capabilities is one that positions it well in the telecommunications market.
VRB Power estimates there are 2,000 telecommunications sites in North America alone that are remote and "off grid" and currently depend on diesel generation to produce the required electricity to run the site. Recent rises in the price of diesel fuel are making these sites increasingly costly to operate and expensive to maintain. Furthermore, most telecommunications providers in line with corporate policies are committed to implementing measures to minimize diesel and greenhouse gas emissions.
"This is a great niche telecom application that only our technology can address," said John Davis, Director of Sales of VRB Power. "The storage component of our systems is independently scaleable from the power which means we are able to provide a viable, cost effective solution for multiple hours of run time on a daily basis. Combined with its long life-cycle, low maintenance requirements, ability to operate as an energy storage system offering tens of thousands of full discharge cycles and as a back-up power system, the VRB-ESS is an ideal choice. For the first time, telecom providers can secure a fast payback on their capital investments for back-up power and as a way to reduce fuel costs at off grid sites. We are excited to be working with major telecom providers to show the benefits of our systems and how we can help improve their operations."
VRB Power Systems unveiled the new designs for the 5kW commercial system at various trade shows this spring including CTIA Wireless 2007 and Battcon 2007. In June 2007, the Company will introduce and showcase the finalized commercial 5kW system at NXTCOMM, a large communication technology trade show held in Chicago, Illinois.
"With over 250,000 sites in North America and many more in Europe and worldwide, the back-up power market for the telecommunications industry is large and growing rapidly," continued Davis. "We believe that by focusing initially on remote sites and other niches within this market, we will generate market acceptance and penetration in a relatively short time-frame. The positive feedback and overall interest expressed by the telecom industry combined with ongoing evaluations by major telecom providers gives us confidence about the potential for VRB-ESS products across these markets," concluded Davis.
About VRB Power
Headquartered in Vancouver, Canada, VRB Power Systems Inc. is an energy storage technology developer which is marketing, selling and manufacturing products utilizing the patented VRB Energy Storage System ("VRB-ESS(TM)"). The VRB-ESS can economically store and supply large amounts of electricity on demand and is focused on stationary applications. It is a long life, cost effective, low maintenance, efficient technology that allows for the scalability of power and storage capacity independently. The VRB-ESS is particularly beneficial to renewable energy providers, utilities and end users through its ability to "inventory" electricity, allowing for the optimal match of supply and demand.
The VRB-ESS is well suited for a variety of applications. Enabling the provision of "firm" capacity from intermittent renewable generation such as wind and solar; more cost effective and efficient generation of electricity in remote areas; capital deferral for utilities; and load levelling (peak shaving) applications. The VRB-ESS is also capable of providing backup power solutions including applications for utility sub-stations and telecommunication sites. The VRB-ESS is characterized by having the lowest ecological impact of all energy storage technologies and is unlike most other conventional energy storage systems that rely on substances such as lead or cadmium.
Caution regarding forward-looking statements: VRB Power's press releases may contain forward-looking statements. These statements are based on management's current expectations and beliefs which are subject to a number of known and unknown risks and uncertainties (including, but not limited to, the risk factors described in VRB Power's Annual Information Form filed with the British Columbia Securities Commission and available at http://www.sedar.com) that could cause actual results to differ materially from those expressed or implied in our forward-looking statements. The Company does not assume any obligation to update any forward-looking statements contained in this press release.
Release link:
http://www.sedar.com
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