Valence Technology Incorporated

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Valence Announces Product Advisory for Users of N-Charge(R) Porta...

biz.yahoo.com | May 19, 2008

Valence Announces Product Advisory for Users of N-Charge(R) Portable Energy Storage Solutions. - AUSTIN, Texas--(BUSINESS WIRE)--Valence Technology Inc. (NASDAQ: VLNC - News) today announced that it will discontinue manufacture and sales of its N-Charge ® Power System on July 31, 2008, in line with

http://biz.yahoo.com/bw/080519/20080519005821.html?.v=1

Valence Technology Boosting Manufacturing Capacity for Li-Ion Packs

www.greencarcongress.com | Mar 11, 2008

Valence Technology, Inc. plans to increase the company’s manufacturing capacity to meet anticipated demand for its Lithium Phosphate energy storage systems.

http://www.greencarcongress.com/2008/03/valence-technol.html

Valence Technology Embarks Upon Manufacturing Expansion to Meet Anticipated Demand for its Lithium Phosphate Battery Packs

www.pheedo.com | Mar 11, 2008

AUSTIN, Texas--Valence Technology, Inc. today announced it plans to increase the companyâ s manufacturing capacity to meet anticipated demand for its safe, industry-leading Lithium Phosphate energy storage systems. By March 31, 2009, Valence plans to have in place an expanded manufacturing capacity

http://www.pheedo.com/click.phdo?i=e41fce3c32c5ad213a9430456d107059

Austin startups race to power electric cars

www.bizjournals.com | Mar 3, 2008

The Austin company makes lithium ion batteries that will soon power delivery vans and trucks across Europe, and the deal to do so could transform Valence -- which has never seen a profit -- and boost Austin's clean-energy reputation.

http://www.bizjournals.com/austin/stories/2008/03/03/story5.html?ana=from_rss

Web Sites

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Valence Technology Signs Licensing Agreement with Tianjin Lishen Battery - Electronics Design News

www.ednasia.com

Valence Technology Inc. and Tianjin Lishen Battery Joint Stock Co. Ltd have agreed to a technology and licensing agreement promoting the worldwide supply of high performance "Valence Proven" Lithium Phosphate Cells and Intelligent Lithium Phosphate Packs.

http://www.ednasia.com/article-17013-valencetechnologysignslicensingagreementwithtianjinlishenbattery-Asia.html

PROVANTAGE: Valence Technology

BREAK your POWER OUTLET DEPENDENCY! - Product is typically available for immediate shipment ! - As seen in LAPTOP MAGAZINE - Anytime, Anywhere POWER - The N-Charge Power system is a revolutionary, rechargeable battery system featuring Valence's breakthrough Saphion Technology.

http://www.provantage.com/valence-technology~110VALE.htm

MarketWatch.com

www.marketwatch.com

Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Dow Jones IndexesSM from Dow Jones & Company, Inc. SEHK intraday data is provided by Comstock and is at least 60-minutes delayed. All quotes are in local exchange time.

http://www.marketwatch.com/tools/quotes/quotes.asp?symb=VLNC&dist=rss&siteid=mktw

EEProductCenter.com :: Press Release :: Valence Technology Announces Release Date for First Quarter

The company announced that it will conduct a conference call on Aug. 13, 2003 at 5:00 p.m. EDT (2:00 p.m. PDT) to discuss the results. The broadcast will be hosted on the company's Web site located at www.valence.com.

http://www.eeproductcenter.com/showPressRelease.jhtml?articleID=90965

 

Valence Technology Announces Operational Management Change - Zibb.com

Valence Technology, Inc. (NASDAQ: VLNC) today announced that Tom Gaither, General Manager, Valence Energy Technology China, has assumed responsibilities for all Worldwide Operations following the departure of Ricky Hanna, Vice President of Worldwide Operations. Gaither, 58, will continue working from the company's Suzhou, China location and report directly to Robert L. Kanode, president and CEO of Valence Technology, Inc.

"We have full confidence in Tom, whose significant manufacturing experience has prepared him for expanded responsibilities," stated Kanode. "Since joining us in 2006, Tom has been a valued member of our operations management team. More recently, he was integral in laying the foundation for the company's recently announced manufacturing expansion plan to meet anticipated demand for its energy storage systems. Concurrent with his oversight of the expansion which remains on schedule, he will manage China manufacturing operations, supplier sourcing, and coordination of all shipment and fulfillment to our European and North American distribution centers."

Prior to joining Valence Technology, Tom served as Director of Technical Operations for Enhanced Messaging Systems in Southlake, Texas, a manufacturer of infrastructure products for the paging industry. During this period, he was responsible for establishment of the manufacturing function and the day to day operation of all aspects of product manufacturing including material procurement, outsourcing, production, quality assurance and customer support. Prior to Enhanced Messaging Systems, Tom spent 22 years with Motorola designing automation for the manufacture of cellular infrastructure equipment and two way mobile communications products.

About Valence Technology, Inc.

Valence Technology developed and markets the industry's first commercially available, safe, large-format family of lithium phosphate rechargeable batteries. Valence Technology holds an extensive, worldwide portfolio of issued and pending patents relating to its lithium phosphate rechargeable batteries, the only intrinsically safe lithium rechargeable battery. The company has its headquarters in Austin, Texas, and facilities in Las Vegas, Nevada, Mallusk, Northern Ireland and Suzhou, China. Valence is traded on the Nasdaq Capital Markets under the ticker symbol VLNC and can be found on the internet at www.valence.com.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including our statements that we are positioned to realize better execution, improve gross margins, continue to reduce production costs and expenses, realize a strong year in both customer orders and revenue and our financial guidance. Actual results may vary substantially from these forward-looking statements as a result of a variety of factors. Among the important factors that could cause actual results to differ are: the impact of our limited financial resources on our ability to execute on our business plan and the need to raise additional debt or equity financing to execute on that plan; our uninterrupted history of quarterly losses; our ability to service our debt, which is substantial in relationship to our assets and equity values; the pledge of all of our assets as security for our existing indebtedness; the rate of customer acceptance and sales of our products; the continuance of our relationship with a few existing customers, which account for a substantial portion of our current and expected sales in the upcoming year; the level and pace of expansion of our manufacturing capabilities; the level of direct costs and our ability to grow revenues to a level necessary to achieve profitable operating margins in order to achieve break-even cash flow; the level of our selling, general and administrative costs; any impairment in the carrying value of our intangible or other assets; our execution on our business strategy of moving our operations to Asia and our ability to achieve our intended strategic and operating goals; the effects of competition; and general economic conditions. These and other risk factors that could affect actual results are discussed in our periodic reports filed with the Securities and Exchange Commission, including our Report on Form 10-K for the year ended March 31, 2007, and the reader is directed to these statements for a further discussion of important factors that could cause actual results to differ materially from those in the forward-looking statements.

SOURCE: Valence Technology, Inc.

Pierpont Investor Relations
A. Pierre Dubois, 512-527-2921
Director of Investor Relations
or
Pierpont Communications, Inc.
Media Relations:
Helen Rodriguez, 512-448-4950

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Companies: Valence Technology, Inc. (VLNC)

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The Street Corner: Progressive Following on Valence Technology Inc. - Zibb.com

Streetinvesting.com has now resumed our progressive Valence Technology Inc. (NASDAQ:VLNC) as it opened up $0.10 on below average volume early trading Wednesday, April 30, 2008. Based on the Company's most recent news release; we will be progressively reviewing the impact of the markets and the effects of their developments. We will be providing updates and analyst opinions as new stories unfold.

Make sure to visit www.streetinvesting.com to keep updated and signup for free with no credit card for market reports and analytical plays.

Our research resources have been aimed towards the US Large Caps and the various prospective companies therein Valence Technology Inc. was among those that we have been closely examining due to their recent news and trading patterns. Sign up at www, streetinvesting.com for more information on the company mentioned herein.

April 30, 2008, -- Valence Technology, Inc. announced that Tom Gaither, General Manager, Valence Energy Technology China, has assumed responsibilities for all Worldwide Operations following the departure of Ricky Hanna, Vice President of Worldwide Operations. Gaither, 58, will continue working from the company's Suzhou, China location and report directly to Robert L. Kanode, president and CEO of Valence Technology, Inc.

Valence Technology developed and markets the industry's first commercially available, safe, large-format family of lithium phosphate rechargeable batteries. Valence Technology holds an extensive, worldwide portfolio of issued and pending patents relating to its lithium phosphate rechargeable batteries, the only intrinsically safe lithium rechargeable battery. The company has its headquarters in Austin, Texas, and facilities in Las Vegas, Nevada, Mallusk, Northern Ireland and Suzhou, China. Valence is traded on the Nasdaq Capital Markets under the ticker symbol VLNC and can be found on the internet at www.valence.com.

Streetinvesting.com will continue to follow the progress of this company following their most recent news announcement. Visit www.streetinvesting.com and signup free for our financial market services.

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All material herein was prepared by Streetinvesting.com, (Street Investing) based upon information believed to be reliable. The information contained herein is not guaranteed by Streetinvesting.com to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Streetinvesting.com is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. Streetinvesting.com may receive compensation in cash or shares from independent third parties or from the companies mentioned.

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This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.

You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Streetinvesting.com undertakes no obligation to update such statements.

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Companies: Valence Technology, Inc. (VLNC)

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Valence Technology Embarks Upon Manufacturing Expansion to Meet Anticipated Demand for its Lithium

Valence Technology, Inc. (NASDAQ: VLNC) today announced it plans to increase the company's manufacturing capacity to meet anticipated demand for its safe, industry-leading Lithium Phosphate energy storage systems. By March 31, 2009, Valence plans to have in place an expanded manufacturing capacity of $35 million to $50 million per quarter to support anticipated product sales. As the company's manufacturing capacity expands, Valence believes it can achieve gross margins of approximately 30 percent of revenue with operating profit from 17 percent to 20 percent of revenue.

Valence recently announced it had secured an agreement with Tanfield Group Plc that will result in the purchase of up to $70 million of product during the first phase of the contract to power zero emission, all-electric commercial delivery vehicles. The Valence battery systems are being installed in leading-edge vans and trucks produced by Tanfield's UK-based trading division, Smith Electric Vehicles, the world's largest manufacturer of electric vans and trucks.

"Increasing our capacity to manufacture additional battery systems will assure we have the capability to fulfill the anticipated demand we believe to be building in our sales pipeline," said Robert L. Kanode, CEO and president of Valence Technology. "And, with operational full service fulfillment centers in Europe, North America and China we are ready to provide the service and support our customers need."

About Valence Technology, Inc.

Valence Technology developed and markets the industry's first commercially available, safe, large-format family of lithium phosphate rechargeable batteries. Valence Technology holds an extensive, worldwide portfolio of issued and pending patents relating to its lithium phosphate rechargeable batteries, the only intrinsically safe lithium rechargeable battery. The company has its headquarters in Austin, Texas, and facilities in Las Vegas, Nevada, Mallusk, Northern Ireland and Suzhou, China. Valence is traded on the Nasdaq Capital Markets under the ticker symbol VLNC and can be found on the internet at www.valence.com.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including our statements that we are positioned to realize better execution, improve gross margins, continue to reduce production costs and expenses, realize a strong year in both customer orders and revenue and our financial guidance. Actual results may vary substantially from these forward-looking statements as a result of a variety of factors. Among the important factors that could cause actual results to differ are: the impact of our limited financial resources on our ability to execute on our business plan and the need to raise additional debt or equity financing to execute on that plan; our uninterrupted history of quarterly losses; our ability to service our debt, which is substantial in relationship to our assets and equity values; the pledge of all of our assets as security for our existing indebtedness; the rate of customer acceptance and sales of our products; the continuance of our relationship with a few existing customers, which account for a substantial portion of our current and expected sales in the upcoming year; the level and pace of expansion of our manufacturing capabilities; the level of direct costs and our ability to grow revenues to a level necessary to achieve profitable operating margins in order to achieve break-even cash flow; the level of our selling, general and administrative costs; any impairment in the carrying value of our intangible or other assets; our execution on our business strategy of moving our operations to Asia and our ability to achieve our intended strategic and operating goals; the effects of competition; and general economic conditions. These and other risk factors that could affect actual results are discussed in our periodic reports filed with the Securities and Exchange Commission, including our Report on Form 10-K for the year ended March 31, 2007, and the reader is directed to these statements for a further discussion of important factors that could cause actual results to differ materially from those in the forward-looking statements.

SOURCE: Valence Technology, Inc.

for Valence Technology, Inc.
Pierpont Communications, Inc.
Helen Rodriguez, +1 512-448-4950
Media Relations
or
Pierpont Investor Relations
Michael Russell, +1 512-527-2921
Investor Relations
or
UK Company Contact:
Valence Technology Inc.
Mark Donaghy, +44 28 9084 5401
Global Marketing Manager

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Companies: Tanfield Group PLC (TANFF), Valence Technology, Inc. (VLNC)

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Valence Announces Product Advisory for Users of N-Charge(R) Portable Energy Storage Solutions -

Valence Technology Inc. (NASDAQ: VLNC) today announced that it will discontinue manufacture and sales of its N-Charge (R) Power System on July 31, 2008, in line with the company's previously stated strategy to focus on the large-format energy storage market.

"Response to the N-Charge system has been positive," said Bob Kanode, president and CEO of Valence. "However, our decision to discontinue the N-Charge product helps us to focus our resources more effectively on the large-format energy storage market where we expect to see significant growth opportunities."

Affected products are the VNC130 (1001153) and VNC65 (1001152) and associated accessories and peripherals.

In an effort to offer support to customers while they transition to a new power solution, Valence will accept orders via its website (www.valence.com) for the VNC130 until July 31, 2008. Shipments will be made in as timely a manner as possible depending on the current production schedules and shipping lead-time. Estimated lead-time can be quoted at time of order. N-Charge adapter cables will be available for sale until July 31, 2009 or as supplies last. The VNC65 will be discontinued immediately.

Valence will continue to support its 12-month limited warranty. The company will also continue to provide customer care and technical support via the toll free number 1-888-VALENCE (1-888-825-3623) or email at support@valence.com.

About Valence Technology, Inc.

Valence Technology developed and markets the industry's first commercially available, safe, large-format family of lithium phosphate rechargeable batteries. Valence Technology holds an extensive, worldwide portfolio of issued and pending patents relating to its lithium phosphate rechargeable batteries. The company has its headquarters in Austin, Texas, and facilities in Las Vegas, Nevada, Mallusk, Northern Ireland, and Suzhou, China. Valence is traded on the Nasdaq Capital Markets under the ticker symbol VLNC and can be found on the internet at www.valence.com.

Safe Harbor Statement

Some information included in this press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These statements can sometimes be identified by the use of forward-looking words such as "may," "will," "anticipate," "estimate," "except," "forecast," "outlook," "scheduled," or "intend" and similar expressions. These statements reflect the current views, beliefs and assumptions of Valence, and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements is the actual level of product that Smith Electric Vehicles purchases under the supply agreement; and Valence's ability to scale its manufacturing and other capacity to fulfill its obligations under the contract if such expectations are met; as well as other factors detailed in Valence's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on 10-Q. Valence does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances and cannot assure that projected results or events will be achieved.

SOURCE: Valence Technology Inc.

UK Company Contact:
Valence Technology Inc.
Mark Donaghy, +44 7834-867225
Global Marketing Manager
or
Pierpont Investor Relations
A. Pierre Dubois, +1 512 527-2921
Director of Investor Relations
or
Pierpont Communications, Inc.
Media Relations:
Helen Rodriguez, +1 512 448-4950

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Companies: Valence Technology, Inc. (VLNC)

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