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Valence Technology (VLNC) To Supply Tennant (TNC) With Lithium Batteries
Valence Technologies (VLNC) announced this morning a two year supply deal with Tennant (TNC) for its lithium phosphate batteries to be used in Tennant’s new compact floor scrubber. The lithium powered scrubber will be tested next month with full production scheduled a few months later. No word on the financials of the deal.
“Growing acceptance of our safe lithium phosphate energy storage solutions across industrial applications reflects the performance, reliability, flexibility and immediate availability of our family of U-Charge XP systems,” said CEO Robert Kanode.
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Valence to Supply PVI with Lithium Phosphate Energy Storage Solutions (Lithium Ion Batteries)
(Kirk's Market Thoughts, 12/16/08)
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