Valence Technology just announced that it has signed a supply agreement with Optare PLC. The 3-year, exclusive supply agreement makes Valence the exclusive battery supplier for the Optare Solo EV zero-emissions electric bus. The agreement is expected to generate up to $3.8 million in battery sales for Valence.
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In a press release, Robert L. Kanode, president and CEO, Valence Technology, commented on the news:
“This appointment … Read the rest
Valence Technologies (VLNC) surged back above a buck today on a $3.1 million lithium battery order from Smith Electric Vehicles.. now if the company could just get an order from a company other than Smith, then I’ll get interested. Valence provides both batteries and charging systems to Smith Electric for both the Smith Edison and Smith Newton electric vehicles which are apparently big in Europe.. just like the Hoff (David Hasselhoff that is 🙂 Delivery … Read the rest
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 … Read the rest
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, … Read the rest