Valence Technology just announced that it has signed a supply agreement OxygenSpA, a company from Italy that makes light electric vehicles, such as electric scooters. Under the terms of the three year supply agreement, Valence will supply OxygenSpA with batteries to power its electric CargoScooters, which are used by postal delivery personnel in several European countries and may soon be available here in the States.
In a press release, leaders from both countries commented on … Read the rest
General Electric (GE) is out with news this morning that it’s going to invest $100 million to open a manufacturing plant in NY that will produce advanced batteries, including high energy density, sodium based batteries that will be initially used in GE hybrid locomotives. The goal is to begin producing new batteries in the new facility within 2 years.
Matthew K. Rose, Chairman, President and Chief Executive Officer of Burlington Northern Santa Fe Corporation, … Read the rest
EnerDel (HEV) is still a development stage company trying to become a lithium ion battery leader so it’s earnings results aren’t all that significant at this point. The company is still putting its plan in place and getting plants up and running.
“The first quarter was marked by continued execution against the strategic plan laid out in the fourth quarter earnings call,” commented Chairman and CEO, Charles Gassenheimer. “We have a clear focus for production, … Read the rest
Advanced Battery Tech (ABAT) reported after the bell today results that weren’t all that impressive. I thought there might be a chance of a blowout quarter based on the fact the CEO recently purchase $1 million of ABAT shares, but that certainly wasn’t the case. The company reported an EPS of .07/share which was inline with low expectations. It’s a 13% drop from the year ago quarter. On the revenues side, the company didn’t … Read the rest
Altair Nanotechnologies (ALTI) is breaking out of a bullish wedge formation this morning and making a run at the 200 day moving average with very heavy volume on the buy side. I’m not seeing any news this morning so it may have something to do with an article over at CBS Marketwatch late Friday written by John Dvorak who is intrigued by Altair’s new lithium-titanate battery being tested by the UK’s Lightning car company and … Read the rest
The Fisker Karma, expected to be the first plug-in hybrid to hit the streets with a launch date in about one year may use Ener Del’s (HEV) lithium ion batteries if testing works out. The two companies have signed a letter of intent for a potential long term lithium ion battery supply agreement contingent upon reliability and performance testing. Fisker plans to build 15K vehicles per year and market them through and existing network of … Read the rest
This Friday at noon, Indiana Senator Evan Bayh will be an honored guest of EnerDel (HEV) at a ceremony marking the commissioning of the country’s first commercial scale production line for lithium-ion battery packs. To meet anticipated demand, EnerDel plans to expand the plant in Indiananopolis, pack assembly capacity at its Noblesville plant and may expand further through the purchase or construction of a 3rd plant. Anticipated annual production is currently in the neighborhood of … Read the rest
Advanced Battery (ABAT) has seen strong technical action in recent days rising above the 200 day moving average. No doubt all the buying from the CEO has something to do with it. Is big news around the corner? CEO Fu Zhiquo purchased 1,000,000 shares on May 4th at $2.65/share. With shares currently nearly 3.50, not a bad return in a few days! So the company reports earnings on May 11th and the CEO buys $2.5 … Read the rest
Valence Technology is supplying 10 U-Charge® XP energy storage solutions to power one of motorcycles in the world’s first "green" Grand Prix, which will be held on the Isle of Man. The batteries will power the bike entered by the Imperial College London.
In an article published on EuropeanMotorNews.com, a member of Valence’s management team and a student who worked on the bike discussed the advantages of using Valence’s batteries:
… Read the restMark Donaghy, Global Marketing Director
Altair Nanotechnologies (ALTI) is announcing this morning it has shipped 40 advanced lithium ion battery systems to the US Army as part of a testing program to improve performance reliability and safety of the M119 gun batteries. The testing is expected to continue through the summer. If the tests are successful, Altair’s batteries could be used in a wide array of other military applications.
“Altairnano’s advanced battery systems exhibit the widest operating temperature ranges and … Read the rest