Pure Energy Visions and Huatai of China Sign Equity Joint Venture Agreement

Pure Energy Visions Corporation of Toronto, a developer and manufacturer of rechargeable energy storage technologies for the battery and fuel cell markets, announced that it has signed an agreement with Huatai Battery Industrial Corp. of China to form a new equity joint venture, Linyi Huatai Pure Energy Co Ltd. Huatai will own 51% of the joint venture, and Pure Energy will own the other 49%. The 15-year agreement relates to the production, sale and distribution of Pure Energy’s rechargeable alkaline (RAMcell) batteries. Huatai will focus on production and sales domestically, while Pure Energy and its partners will focus on expanding sales internationally.