VANCOUVER, Sept. 18, 2019 /CNW/ - VanadiumCorp Resource Inc.
(TSX-V: "VRB") (the "Company") is pleased to announce the
appointment of Dr. Gilles Y.
Champagne as Chief Technology Officer "CTO" and
Director. Dr. Champagne will lead development of new vanadium
energy technologies.
Dr. Champagne, CTO of VanadiumCorp comments: "I am pleased to
join VanadiumCorp as the global need for a sustainable energy
storage solution has never been greater. The vanadium redox flow
battery "VRFB" has the potential to revolutionize global power
grids with clean energy. With VanadiumCorp, we can improve battery
performance and energy density as well as eliminate the cost and
carbon footprint. We are developing key innovations for critical
applications and relevant solutions for climate change."
Adriaan Bakker, CEO of
VanadiumCorp states: "We welcome Dr. Champagne to lead development
of key technology innovation to reach our commercial objectives.
Vanadium is uniquely reusable in energy storage and we plan to
integrate this directly into vanadium redox flow batteries to
create the ultimate clean energy storage solution."
Dr. Champagne holds a Ph.D. in Electrochemistry from the
Institute National de la Recherche Scientifique made in
collaboration with the University of
California-Davis and a Master's degree in the same field
from Sherbooke University. He has over 25 years' experience driving
innovations to market and has held several positions in mature and
early-stage companies in Canada,
the US and Europe, structuring
organizations, directing technical activities and managing teams
that develop and build energy storage products and analytical
equipment. Dr. Champagne's previous position was VP Engineering and
Development at Imergy Power Systems Inc. in Silicon Valley, which
was developing a unique high efficiency, stationary energy storage
battery using innovative vanadium "V/V" flow battery technology.
Under his leadership, Imergy delivered its first commercial
shipment of vanadium based ESP units to India Telecom
customers.
Prior to joining Imergy, Dr. Champagne was CTO of Nanotecture
Ltd, a UK based start-up; Nanotecture developed nano-structured
electrode material and built supercapacitor for truck-start
application. He has held several other key positions including
Director of Technology of Avestor Inc that developed Lithium
Vanadium Polymer battery for electric vehicles. Managing Director
of EH2 Inc (Hydrogen technology) and Director of Research and
Engineering of ABB Bomen Inc (Industrial FT-IR spectrometer). He
has authored over 40 scientific publications, industrial
reports/white papers and patents.
The Company also announces the resignation of Marc Kok from the Board of Directors. Mr. Kok
will continue to act as a consultant to the Company for new
vanadium energy technologies.
VanadiumCorp Resource Inc. is developing dedicated
vanadium supply and disruptive technologies for energy storage with
a 100% green mandate. More information on the Company's
active projects and new vanadium energy technologies can be found
on The Company's website at www.vanadiumcorp.com.
On behalf of the board of VanadiumCorp:
Adriaan Bakker
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary & Forward-Looking Statements
This release contains forward-looking statements. All
statements other than statements of present or historical fact are
forward-looking statements, including statements with respect to
the anticipated use of Private Placement proceeds and anticipated
receipt of final TSX Venture Exchange acceptance for the Private
Placement. Forward-looking statements include words or
expressions such as "will", "subject to", "expect" and other
similar words or expressions. Factors that could cause future
results or events to differ materially from current expectations
expressed or implied by the forward-looking statements include
general business, economic, competitive, political and social
uncertainties; the state of capital markets and risks that may
impact the Company's business, operations and financial condition.
Although the Company believes that the expectations reflected in
these forward-looking statements are reasonable, undue reliance
should not be placed on them because the Company can give no
assurance that they will prove to be correct. Since
forward-looking statements address future events and conditions, by
their very nature they involve inherent risks and uncertainties.
Additional information on these and other factors that could affect
the Company's operations and financial results are included in
reports on file with Canadian securities regulatory authorities and
may be accessed through the SEDAR website (www.sedar.com). We
disclaim any obligation to update or revise these forward-looking
statements, except as required by applicable law.
SOURCE VanadiumCorp Resource Inc.