Application for Review of Decision in Relation to Pinnacle 5

The Panel advises that it has received an application by Reliable power Inc for review of a decision by the Pinnacle 5 Panel.

The Pinnacle 5 Panel considered an application brought by Reliable in relation to Reliable's off market cash takeover bid for Pinnacle VRB Limited and the announcement by Pinnacle on 29 March 2001, that it has granted a licence to Vanteck (VRB) Technology Corp to market, sell, manufacture and utilise Pinnacle's Vanadium Redox Battery technology within Canada, the United States, Central and South America (the Vanteck Transaction).