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Ann: RIU Resources Investor Roadshow Presentation, page-19

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rattle

7,279 Posts.

612

09/10/18

18:03

Post #: 36056095
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Originally posted by Greyback ↑

Originally posted by rattle
The battery has already been tested and passed in Korea. It is now being demonstrated and connectivity established to firstly off-grid, which has been done, and now to on-grid which is going along fine.
All they need now is orders, and presumably they have some sort of setup in Korea where they can manufacture the batteries.
Yeah, you're right it has been tested in Sth Korea, but companies will only come on board when they are convinced that Vanadium batteries have a future over lithium batteries, in value and reliability. As for what they have in Korea, go to their site and look at their very large modern factory. There's also a Korean mine operation they have a share in, which hopefully will mine Vanadium and Uranium. (Sth Korean Government is supporting the project) That means they can source their raw materials locally. I'm in for the long run.

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The photo they keep posting in their announcements of the interior of a battery factory is the "Rongke Power Factory" in Liaoning Sheng, China.
The photo of the exterior of a factory, with all the solar panels on the roof on their website, is very impressive but is it the VKor factory in Korea or something else. There is no indication what or where it is ?

POW Price at posting: 2.3¢ Sentiment: None Disclosure: Held
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