VRB Power Systems announces appointment of financial advisor

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[{"type":"text","content":"\n\n\n\nRICHMOND, BC, Sept. 9 /CNW/ - VRB Power Systems Inc. (TSX-V: VRB), a\nworld leader in innovative energy storage solutions, announced today that the\nspecial committee of the board of directors has retained Cormark Securities\nInc. ("Cormark") as its financial advisor.\n\n\nCormark will explore a full range of strategic alternatives, including\nsoliciting offers for the sale, merger or other business combination of the\nCorporation, alliances with strategic partners, private and public debt or\nequity financing alternatives, the sale or licensing of the Corporation's\ntechnology or a substantial reorganization of the Corporation's business,\namong other things as disclosed in the press release announced on August 27,\n2008.\n\n\nAbout VRB Power\n\n\nHeadquartered in Richmond, Canada, VRB Power Systems Inc. is an energy\nstorage technology developer which is marketing, selling and manufacturing\nproducts utilizing the patented VRB Energy Storage System ("VRB-ESS(TM)"). The\nVRB-ESS can economically store and supply large amounts of electricity on\ndemand and is focused on stationary applications. It is a long life, cost\neffective, low maintenance, efficient technology that allows for the\nscalability of power and storage capacity independently. The VRB-ESS is\nparticularly beneficial to renewable energy providers, utilities and end users\nthrough its ability to "inventory" electricity, allowing for the optimal match\nof supply and demand.\n\n\nThe VRB-ESS is well suited for a variety of applications. Enabling the\nprovision of "firm" capacity from intermittent renewable generation such as\nwind and solar; more cost effective and efficient generation of electricity in\nremote areas; capital deferral for utilities; and load levelling (peak\nshaving) applications. The VRB-ESS is also capable of providing backup power\nsolutions including applications for utility sub-stations and\ntelecommunication sites. The VRB-ESS is characterized by having the lowest\necological impact of all energy storage technologies and is unlike most other\nconventional energy storage systems that rely on substances such as lead or\ncadmium.\n\n\nCaution regarding forward-looking statements: VRB Power's press releases\nmay contain forward-looking statements. These statements are based on\nmanagement's current e...

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