VRB Power Curtails Operations

    RICHMOND, BC, Nov. 18 /CNW/ - VRB Power Systems Inc. (TSX-V: VRB)
announces that it has been unsuccessful in its efforts to date in seeking
offers for the merger, sale, refinancing or other strategic alternative for
the Company. The Company has decided that it will not be proceeding with its
previously announced rights offering. Consequently, the Company has
substantially curtailed its manufacturing, research and development operations
and laid-off or given notice terminating most of its employees. Given its
current financial and operational status, the Company has ceased accepting new
    In order to meet its liabilities associated with the foregoing, the
Company intends to dispose of its remaining inventory and other redundant
assets. The Company intends to continue to seek offers for the possible sale
or license of its core technology and patents or the reactivation of the
Company's commercialization efforts.
    In the event the Company is unable to make adequate arrangements to
discharge its outstanding liabilities, or for other reasons, it may need to
consider seeking other remedies under applicable corporate or insolvency

    About VRB Power

    Headquartered in Richmond, Canada, VRB Power Systems Inc. is an energy
storage technology developer which is marketing, selling and manufacturing
products utilizing the patented VRB Energy Storage System ("VRB-ESS(TM)"). The
VRB-ESS can economically store and supply large amounts of electricity on
demand and is focused on stationary applications. It is a long life, cost
effective, low maintenance, efficient technology that allows for the
scalability of power and storage capacity independently. The VRB-ESS is
particularly beneficial to renewable energy providers, utilities and end users
through its ability to "inventory" electricity, allowing for the optimal match
of supply and demand.
    The VRB-ESS is well suited for a variety of applications. Enabling the
provision of "firm" capacity from intermittent renewable generation such as
wind and solar; more cost effective and efficient generation of electricity in
remote areas; capital deferral for utilities; and load levelling (peak
shaving) applications. The VRB-ESS is also capable of providing backup power
solutions including applications for utility sub-stations and
telecommunication sites. The VRB-ESS is characterized by having the lowest
ecological impact of all energy storage technologies and is unlike most other
conventional energy storage systems that rely on substances such as lead or

    Caution regarding forward-looking statements: VRB Power's press releases
may contain forward-looking statements. These statements are based on
management's current expectations and beliefs which are subject to a number of
known and unknown risks and uncertainties (including, but not limited to, the
risk factors described in VRB Power's Annual Information Form filed with the
British Columbia Securities Commission and available at www.sedar.com) that
could cause actual results to differ materially from those expressed or
implied in our forward-looking statements. The Company does not assume any
obligation to update any forward-looking statements contained in this press

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

    Vince Sorace

For further information:

For further information: VRB Power Systems Inc. at (604) 247-3300;
Investor Relations at (604) 247-5001 Or visit the company's web site at:

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