We were incorporated under the name Wilshire Enterprises Limited in December 2006. On May 3, 2010, we entered into a share exchange (the “Share Exchange”) with Vendum Batteries Limited (“VDL”) whereby we acquired all of the issued and outstanding common stock of VDL and it became our wholly owned subsidiary. We changed our name to Vendum Batteries Inc. and our line of business from the health related business to the development of a new cellulose-based power source. In connection with the Share Exchange we engaged in a 5 for 1 forward-split our common stock. VDL was incorporated in the United Kingdom in November 2009 and in January 2010 it acquired a patent for the development of a non-toxic paper battery technology that does not use any rare earth metals or toxic metals and instead uses carbon nanotube electrode technology. We are currently developing new intellectual property that is based upon the patented technology and do not have any products as we have not yet completed development of the technology or a prototype. We do not intend to produce the batteries ourselves, instead we intend to license the technology or ‘know how’ that we develop to third parties who will then develop and commercialize the batteries based upon our licensed technology.
Vendum Batteries Inc. is an environmentally friendly mobile battery company with its focus on identifying, evaluating, acquiring, developing and partnering for the commercialization of proprietary eco-friendly power sources. It has already filed a global patent for its remarkable and revolutionary paper battery.
STATED AT THE WEBSITE; PATENT WAS FILED
ALSO STATED FROM THE WEBSITE: BATTERIES ARE BEING DEVELOPED. IT DIDN'T SAY ANYTHING ABOUT THOMAS SWAN BEING INVOLVED
VNDB - Excellent upside profit opportunity due to Vendum Batteries’ proprietary patent and potential use in low power devices and diversity of applications. With mass production at the forefront of our minds, our focus is on ensuring the development of the technology allows OEMs worldwide, unique access to new licensing deals through the global network of the management team, who will be attending many industry leading exhibitions, expos and workshops worldwide.
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