and Development of New World Batteries, Inc.
New World Batteries, Inc., which is referred to as NWB, or we, was formed as a
British Columbia, Canada corporation in August of 2004 for the purpose of
commercializing of patents and products developed by Dr. Robert O'Brien relating
to the development of electrochemical technologies that improve the capacity of
rechargeable batteries, capacitance and discharge parameters of supercapacitors,
and the processes of electrorefining, electroplating and electromachining. The
basic science of the technology was discovered, reported in the scientific
literature, and patented during Professor Robert O'Brien's career in
electrochemical research. In September 2004, Dr. Robert O'Brien granted NWB, an
exclusive license to use patents and related technology and research.
Upon formation of the corporation, 3,000,000 shares of Class A common stock were
issued to Dr.