KELOWNA, British Columbia, Sept. 29, 2005 (PRIMEZONE) -- EPOD International Inc. (OTCBB:EPOI) (Frankfurt:EDU.F), a developer of advanced energy management technologies, is pleased to announce the company will continue to aggressively pursue the development of its hybrid supercapacitor-based battery.
Successful results from EPOD's phase I feasibility study have resulted in management deciding to pursue phase II of the project to fully develop version one of the company's supercapacitor-based battery. Laboratory test units, as well as larger scale prototypes, will be built and tested in various renewable energy and emergency back-up power applications during Q4, 2005 and Q1, 2006. The prototype units are to be built by EPOD's joint-venture partner, the Molecular Mechatronics Group at the University of British Columbia's Department of Electrical and Computer Engineering.
EPOD is co-developing the hybrid battery with the University of British Columbia as an alternative power storage solution to conventional lead-acid batteries for large-scale commercial/industrial applications. The battery is anticipated to feature substantially lower cost, higher power density, longer lifespan, and will be virtually environmentally benign. Power density values of 500 W/kg have already been demonstrated with higher values projected. The EPOD hybrid battery will also be able to be charged at a much higher rate than lead-acid batteries.
The development of this commercial power storage solution will assist the company in further improving its industry-leading power storage value proposition by reducing unit and system cost and increasing operating performance.
L. Mark Roseborough President EPOD International Inc.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:
This release contains forward-looking statements relating to the development, efficiency, and operation of company products, the potential sale and use of these products, and an agreement to develop such products. These developmental products may not perform as developed or tested, there may not ultimately be a market for such products, and there is no guarantee that other parties to the developmental agreement will fully assist in the development of these products or perform to all the terms in the agreement. The development of these products and the market for these products are subject to certain other risks and uncertainties detailed from time to time in the company's filings with the Securities and Exchange Commission, including, but not limited to, the company's 10-KSB for year ended December 31, 2004 filed on or about March 30, 2005 and incorporated herein by reference.
About EPOD:
EPOD International Inc. is a leader in the development of advanced energy management technologies with real-world market applications. The company's patent-pending 'energy pod' technology manages and manipulates electrical energy such that utilization of DC electric battery power becomes significantly more efficient. EPOD's patent-pending and proprietary technologies are applicable to a wide variety of industries and applications and are available through licensed OEM's and directly to end-users.
The company's filings, including current financial reports, can be accessed through the EDGAR database at www.sec.gov.