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Thursday May 18, 11:23 am Eastern Time
COMPANY PRESS RELEASE
SOURCE: ReDox Technology Corporation
ReDOX TECHNOLOGY CORPORATION ANNOUNCES COMMENCEMENT OF BATTERY DEVELOPMENT
HOUSTON, May 18 /PRNewswire/ -- ReDOX Technology Corp. (OTC Bulletin Board:
RDOX - news) is pleased to announce that the development of their proprietary
high energy density battery has begun. The project will involve a series of 5
prototypes that will be produced over the next 13 months.
The development process will involve the composition of the battery's elements
based on an aluminum/sulfur system. Laboratory cells will be designed and
constructed to verify performance, write specifications and to optimize design
parameters related to the anode/electrolyte composition and configuration. The
first prototype battery will be developed to apply the initial specifications
and tested for efficiency and power density. Thereafter, additional prototypes
will be developed to test various commercial applications.
ReDOX is very encouraged to have reached this stage of development and explains
the potential magnitude of a successful end product. "An independent research
lab studied our initial research and based on our design, said that the
theoretical energy density for our battery is 648 Wh/kg (Watt hours per
Kilogram). Energy density in standard lead acid batteries, based on size are
170, 336 or 447 Wh/kg. The significance of the composition of the ReDOX battery
is its potential capacity to serve a stronger and longer life in a much smaller
size. We believe that our battery can be applied to PC's, cell phones,
hand-held devices, cars, any product that requires a battery." Said ReDOX
President and CEO, Richard Szymanski, "The next 12 months will be an exciting
phase for us. The potential for commercial application of our technology is
vast in scope. As we move forward with the proto-types, we plan to present them
to industry experts to assist us in planning a commercial strategy."
ReDOX management believes the testing and prototype development will
substantiate that the ReDOX Battery can last more than twice as long, as a
conventional alkaline battery has greater energy density than lithium ion
batteries that power many of the newer laptop computers (providing longer
service between charges), is less expensive to build, more powerful, totally
harmless to the environment and is recyclable.
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About ReDOX
ReDOX Technology Corporation was formed in 1993 to develop innovative
technologies. Mr. Szymanski has spent the past 15 years developing high- energy
battery technology. ReDOX holds patents on thin-film aqueous aluminum- sulfur
batteries which offer energy densities far greater than anything on the market
now.
To learn more about ReDOX, please contact Paula Kane with Investor Relations at
877-318-1819 or via e-mail: [email protected]. ReDOX is launching
their new website in the coming weeks and will be located at www.rdox.com.
NOTE: Any statements that are not historical facts contained in this release
are forward-looking statements. It is possible that the assumptions made by
management for purposes of such statements may not materialize. Actual results
may differ materially from those projected or implied in any forward-looking
statements. Such statements may involve risks and uncertainties, including but
not limited to those relating to product demand, pricing, market acceptance,
the effect of economic conditions, and intellectual property rights, and the
outcome of competitive products, risks in product development, the results of
financing effort, the ability to complete transactions, and other risks
identified in this release, and the Company's Securities and Exchange
Commission filings.
SOURCE: ReDox Technology Corporation
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