Panel Publishes Reasons for Decision in Relation to Pinnacle's Vanteck and Int-A-Grid Transactions
The Panel has today published its reasons for its decision not to make a declaration or orders in relation to the Vanteck and Int-A-Grid Transactions entered into by Pinnacle VRB Limited after Reliable Power Inc. had announced its bid for Pinnacle and before the bid closed. Under the Transactions, Pinnacle granted licences to Vanteck (VRB) Technology Corp and Int-A-Grid (UK) Ltd to market, sell, manufacture and utilise Pinnacle's Vanadium Redox Battery technology within the Americas and in Europe, Russia and the Middle East.