Private Placement of up to $5 Million and Extension of Expiry of $0.60 Warrants
2014年2月25日 - 9:35AM
Access Wire
February 19, 2014
- AMERICAN
VANADIUM CORP. ("American Vanadium" or the
"Company") (TSX.V: AVC) (OTCQX: AVCVF) announces that the US
Department of Energy's National Renewable Energy Laboratory
("NREL") will evaluate and demonstrate the CellCube vanadium redox
flow energy storage system at its state-of-the-art testing
facility. After the demonstration of the energy storage system at
NREL's facility in Golden, Colorado, the CellCube is designated for
sale to a US utility.
"Given the strong
interest received from utilities, solar developers, integrators and
other potential customers, this demonstration of the CellCube at
the premier independent testing facility of the US Department of
Energy is a critical step for our Company," said Bill Radvak,
President & CEO of American Vanadium Corp. "A number of leading
utilities, integrators and developers will be participating and
observing the operation of the CellCube, and we welcome other
interested customers and partners to join us with this important
demonstration."
American Vanadium is
the master sales agent for the CellCube energy storage system in
North America. The CellCube is a fully commercial system that has
been sold and installed across Europe, Asia and Africa, with more
than 50 systems currently in operation at customer sites worldwide.
The CellCube system is modular and can serve loads from 10kW to
multi-MWs, and, as a flow battery, the system excels at providing
multiple hours of energy for long-duration requirements.
As the US Energy
Department's only national laboratory focused on renewable energy
and energy efficiency, NREL is uniquely positioned to help inform
and guide energy system transformation. NREL complements its
scientific research with high-quality, credible, technology-neutral
and objective analysis that spans the entire energy portfolio. They
inform policy and investment decisions, as renewable energy and
energy efficiency technologies move from concept to
commercialization to market penetration. NREL is a
government-owned, contractor-operated facility; it is funded
through the U.S Department of Energy.
About American
Vanadium Corp.
American Vanadium is an integrated
energy storage company that markets and sells GILDEMEISTER'S
CellCube vanadium redox flow batteries in North America. American
Vanadium is developing the only vanadium mine in the United States,
providing a critical source of vanadium electrolyte for CellCube
energy storage systems. The Company's Gibellini Vanadium Project,
located in Nevada, is being designed to economically produce
vanadium electrolyte for the energy storage industry, as well as
vanadium products for the steel and alloying industries.
ON BEHALF OF THE BOARD
Bill Radvak, President and CEO
For further information, please contact:
Dan Schieber, Director,
Corporate Finance
(604) 681-8588 X 106
dschieber@americanvanadium.com
www.americanvanadium.com
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This Press Release
is not for distribution to U.S. news services or for dissemination
in
the United States,
and does not constitute an offer of the securities described
herein.
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