Valence (VLNC) Signs MOU With Siemens To Develop Lithium Batteries For Boats

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09:08:34 am on June 2, 2009

Valence (VLNC) has signed a memorandum of understanding with Siemens this morning to develop advanced battery storage solutions for marine applications to be compatible with Siemen’s ELFA Hybrid drive marine propulsion system.  I for one look forward to the day when battery powered boats are the norm.  Gasoline powered boats are highly inefficient and big polluters of lakes, rivers and oceans… that includes noise pollution from jet skis!

Robert L. Kanode, CEO of Valence said, “Valence energy storage solutions have been in operation with Siemens hybrid drive trains for over three years in Wrightbus buses, who have multiple hybrid double deck buses operating in London. I was delighted when we were approached to formalize an agreement to develop battery solutions compatible with Siemens hybrid systems for marine applications. Siemens is a world class brand and this agreement is a testament to Valence’s capabilities. It further reinforces our position as a leading global supplier of energy storage solutions.”

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